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Obligations to pay rent during the crisis

In response to the COVID-19 pandemic, the German government has taken various measures to support businesses burdened with liquidity shortages. One […]

News

The effects of the coronavirus crisis on the annual financial statements and the management report

Besides the not yet predictable effects of the coronavirus crisis on the economy, the question that arises is what are its accounting implications. […]

News

Are eurobonds a suitable support measure for financially weak countries in the eurozone?

The issuance of so-called eurobonds is currently the subject of intense discussion (sometimes the term “coronabonds” is used). Up to now, eurobonds […]

News

Changes in the area of transfer pricing rules – Part I: An overview of the important points

In conjunction with the draft law for the proposed transposition of the Anti-Tax Avoidance Directive (ATAD), the Federal Ministry of Finance […]

News

Important aspects of the German Research Allowance Act – Part I: Tax-privileged R&D projects

The Research Allowance Act (Forschungszulagengesetz, FZulG) came into force on 1.1.2020. The objective here is to provide support to companies for […]

News

PKF Worldwide Tax Update

In this second quarterly issue for 2020, the PKF Worldwide Tax Update Newsletter again brings together notable tax changes and amendments from around […]

Blog

Marriage without a marriage contract is the solution for wimps

It’s all plain sailing as long as everything is going swimmingly. But when things go wrong the sparks really fly! This statement applies to many […]

News

The German Federal Ministry of Finance circular on the application of Section 4j of the German Income Tax Act (“royalty barrier”)

Local tax laws in many countries permit preferential tax treatment for certain proceeds that are realised from intangible assets (so-called […]

News

The recapitulative statement - Information on procedures for consignment warehouses and the increased importance of the submission obligation

The German Federal Ministry of Finance (Bundesministerium der Finanzen, BMF) published a circular, on 28.1.2020, in connection with the information […]

News

The amount of a provision set aside under German commercial law still constitutes the upper limit for the tax accounts

In the tax accounts, the maximum amount of a provision that may be recognised is the value permitted under German commercial law. The application of […]

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