Germany: Ministry of Finance issues further information impacting tax vouchers
The German Ministry of Finance (BMF) updated the information about specific questions regarding flat-rate withholding tax (Abgeltungsteuer) and the issuance of tax vouchers for capital gains tax (Kapitalertragsteuer).
The BMF has revised the Circular for the issuance of tax vouchers and transmission of data in accordance with §§ 45b and 45c EStG (German Income Tax Act). In doing so, the BMF also addresses implementation issues of reporting obligations under the EU FASTER Directive for the first time.
The circular is currently being analysed to assess the impact on our clients and our service offering.
The BMF Circular Einzelfragen zur Datenübermittlung nach Maßgabe des § 45b und des § 45c EStG is available on the BMF website in German language only.
Further information will be published at a later stage when the technical implementation is completed.
This Taxflash is intended to provide clients with general information gathered from different sources that are generally believed to be reliable. LuxCSD S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the client’s own risk and LuxCSD S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |