Opt-in model, internationalisation of reorganisation tax law, capital contribution solution for overpayment/underpayment of profit transfers, and new rules regarding foreign currency losses.
The so-called “Corporate Income Tax Modernisation Act” is being discussed in the ongoing legislative process. The first reading in the Bundestag was held on 22 April 2021. The “Corporate Income Tax Modernisation Act” provides an opt-in model particularly enabling commercial partnerships and partnership companies to choose tax classification as a corporation, and also further internationalises German reorganisation tax law. Partnerships interested in making use of the opt-in model should keep tabs on the legislative process so they will be able to perform a precise analysis of the change in form triggered by this option.
Press contact
presse@gsk.de
+49 30 203907-7763
Dr. Petra Eckl
Partner*
+49 69 710003-0
petra.eckl@gsk.de
Dr. Dirk Koch
Partner*
+49 89 288174-676
dirk.koch@gsk.de
Dominik Berka
Local Partner*
+49 69 710003-194
dominik.berka@gsk.de
Felix Schill, LL.M.
Counsel
+49 69 710003-199
felix.schill@gsk.de
Stephan Wachsmuth, LL.M.
Associate
+49 89 288174-676
stephan.wachsmuth@gsk.de
For reasons of better readability, we use the gender-neutral generic masculine. However, the information expressly refers to all genders.
