In a letter dated 6 November 2020, the Federal Ministry of Finance (BMF) commented on an interpretation of German limited tax liability on royalty payments, an issue that has emerged as controversial in the recent past. The BMF’s legal position may have significant consequences for internationally operating groups of companies. The easing of the legal requirement that had been originally planned no longer appears to be on the cards.
Limited tax liability applies to royalty payments between non-residents
Specifications of the german tax authorities regarding DAC6
Since 1 July 2020, certain cross-border tax arrangements must be reported to the German tax authorities (DAC6 reporting obligations). After publishing the draft of a letter of interpretation in July 2020, Germany’s Federal Ministry of Finance (BMF) unveiled the final version on 29 March 2021.
Nexia Global Insight July 2019
Nexia Global Insight April 2019
Nexia IFRS Link February 2019
IFRS link is a technical newsletter targeted at auditors/accountants. It provides updates and information relating to new standards and IFRS.
Turnaround Restructuring Insolvency January 2019
In this first Nexia TRI newsletter, you can read about the latest updates from across the globe. The articles are sourced from advisory professionals around the network, both national and international developments.