On 15 April 2021, the financial advisory committee of the German Federal Parliament published an amended version of the draft bill of the amendment of the Real Estate Transfer Tax (RETT) Act.
BDO Corporate Tax News summarises recent tax developments of international interest across the world.
With the Annual Tax Act 2020, the foundations were laid in Germany for implementing the VAT e-commerce package (Digitalpaket) adopted by the EU, introducing changes to distance selling and establishing the One-Stop-Shop (OSS).
Bridging Assistance III will provide support for companies, own-account workers, and freelancers in all sectors with an annual turnover of up to EUR 750 million in the performance period from November 2020 to June 2021.
Before the amendment of the law, the disposal of shares in foreign corporations with domestic real estate assets by shareholders with limited tax liability could only be taxed if the corporation had its company seat or place of management in Germany and if the shareholder held at least 1 % of the...
The digital solution for real estate tax
In its ruling of March 11, 2021 ("Danske Bank" C-812/19), the ECJ extended its case law on the taxation of cross-border intra-group supplies between a principal establishment and its branch in the context of the ruling in the "Skandia" case (ruling of Sept. 17, 2014, C-7/13)
ARGENTINA: Promotion regime for the knowledge economy / CANADA: Canada’s journey to tax digital property & services / GERMANY: European Court of Justice rules on the cross-border provision of company cars
As a result of the exit agreement between the EU and the UK, applications for VAT reclaims relating to periods in 2020 must be submitted by 31 March 2021.