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Taxes
Tax law is as complicated and inscrutable as dense fog. Our team of experienced tax experts guides you through your tax issues and supports with practical information on the diverse and complex tax topics.
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The VDMA's regional associations have a long tradition of organizing tax events. We will be offering these events again in the first half of 2024. We give you a small preview of when and where!
On the occasion of the adopted regulations on digital tax assessments, Dr. Johannes Gernandt, Head of the VDMA's Tax Department, explains:
The draft for the Tax Reform Act has both light and shade. The fact is: Germany needs relief for the economy. Now.
The new research allowance is becoming increasingly popular in the mechanical engineering sector. The Federal Ministry of Finance has now issued an important statement regarding the application deadlines for previous years.
The Federal Ministry of Finance has published a discussion draft for a Minimum Tax Adjustment Act (MinStGAnpG). The main aim of the law is to make the application of the CbCR safe harbour more specific.
The submission deadlines in Italy for tax returns for the 2023 assessment period have changed several times this year, currently to October 31, 2024.
With the DAC7 Implementation Act, shortened deadlines for the submission of records in accordance with Section 90 (3) AO (transfer pricing documentation) were already introduced at the end of December 2022 by means of a new Section 90 (4) AO.
After a year of work, the commission of experts appointed by the Federal Ministry of Finance has presented its report on possible reform approaches in the area of income tax.
After a year of work, the commission of experts appointed by the Federal Ministry of Finance has presented its report on possible reform approaches in the area of corporate taxes.
The federal government has passed the first tax measures announced in the growth initiative (we reported: https://www.vdma.org/viewer/-/v2article/render/108247752 ). At the same time, the measures of the
On July 5, 2024, the coalition leaders agreed on key points for the 2025 budget and a growth initiative.
On June 12, 2024, the traditional VDMA Austria VAT experience exchange took place again at the Hotel Kremstalerhof in Leonding.
Basics, design and documentation: With the "Transfer Pricing" seminar series, the Maschinenbau-Institut offers you practical tools to successfully complete your transfer pricing project.
For almost a year now, taxpayers in Germany have been able to apply for a digital trade tax assessment directly via the ELSTER portal when submitting their trade tax return. A project that is constantly evolving.
The joys of the European Championships are not only shared with family and friends, but also often with employees and business associates. This brings with it a number of tax issues.
"The Federal Fiscal Court (BFH) and the Federal Social Court (BSG) have once again dealt with aspects of the flat-rate taxation of company events. We would like to present two key rulings here."
Market-oriented industrial research strengthens the innovation and competitiveness of our industry.
German legislator increases the requirements for cross-border intra-group financing transactions in the Foreign Tax Act - A contribution by Carsten Schmid (Transfer Pricing & Friends GmbH)
In the BMF circular dated 12.12.2023 on the tax treatment of wages under double taxation agreements, the explanations/examples for determining residency have been expanded.
We are pleased to introduce our new event series "Automation in the Tax Department".
The BMF updated the GoBD in its letter dated 11.03.2024. The changes are to be applied from April 1, 2024
On March 22, the Federal Council approved the Growth Opportunities Act. This also includes a regulation on the use of electronic invoices. What does this mean for companies?
On March 22, 2024, the Federal Council finally approved the Growth Opportunities Act. The significantly improved regulations for the research allowance in particular are an important first step towards a growth-friendly corporate tax law.
The Budget Financing Act 2024 (Federal Law Gazette 2023 I No. 412 of 29.12.2023) extended the application-based electricity tax relief for companies in the manufacturing sector with effect from 1.1.2024.
A complete success: The mechanical engineering sector is the frontrunner in the use of the state research allowance. The funding instrument strengthens Germany's competitiveness as a business location.
Overview of double taxation treaties and income tax exemption for stays abroad (only in German).
The Federal Ministry of Finance (BMF) has updated and clarified the application decree on the German Fiscal Code: Working from home does not generally constitute a permanent establishment of the employer.
In its ruling of 23.11.2023 (case reference: VI R 15/21), the Federal Fiscal Court (BFH) provided important information on lump-sum taxation in accordance with Section 37b EStG in connection with VIP boxes and the scope of their benefits.
On February 13, 2023, new reporting obligations were introduced under the new Excise Duty System Directive for excise goods in free circulation that are delivered or received across EU borders.
Although the federal states reached an agreement on the Growth Opportunities Act at the meeting of the Mediation Committee on February 21, 24, this agreement was not supported by the CDU/CSU.
Germany cannot afford a prolonged period of weak investment and growth. It now needs a major economic policy overhaul that will generate long-term confidence and thus new investment across the board.
The Growth Opportunities Act would benefit the entire economy and quickly have an innovative effect. It must therefore not be held hostage for party tactical and irrelevant reasons.
At the end of January, the Research Allowance Certification Office updated the form for applying for the research allowance.
In the discussion about the corona crisis, the question of how to deal with tax losses has become very important. We would like to outline the most important provisions of the current legal situation.
Attention all those interested in Europe! With our new web seminar series "EU Bubble talks - 30 minutes insights from Brussels", we take a look behind the scenes of European politics and take you with us.
The effort required to submit an application? Doable! Do you have questions? Then take advantage of our monthly online introduction and Q&A session on tax research funding.
The tax-free reimbursable meals allowances for 2024 remain unchanged after the Growth Opportunities Act failed.
The mediation committee called by the Bundesrat will not meet again this year. Negotiations between the federal and state governments had previously failed in informal working groups
The BMF has published the new non-cash benefit values for meals in a BMF letter.
The event provided information on current tax issues and provided valuable information on key corporate tax topics as well as current tax projects of the German government.
On the occasion of today's postponement of the cabinet decision on the Growth Opportunities Act, Dr. Ralph Wiechers, Member of the Executive Board and Head of the VDMA's Tax Department, explains:
The Federal Central Tax Office (BZSt) is currently informing the associations about upcoming changes in the tax withholding procedure according to § 50a EStG.
On July 17, 2023, the German Federal Ministry of Finance presented a draft bill of the so-called Growth Opportunities Act, which, among other things, provides for a new regulation of the deductibility of interest (as of January 1, 2024).
In order to cope with the new world of work, a multilateral framework agreement will allow more flexible -deviating from the conflict of laws- regulations for teleworkers from July 01, 2023.
The BMF published its revised Administrative Principles Transfer Pricing 2023 (VG VP 2023) on June 6, 2023.
In fiscal year 2023/2024 (01/04/2023 - 31/03/2024), India will increase the domestic withholding tax rate on remuneration for technical services and royalties from 10% to 20% plus Surcharge and Health Education Cess.
VDMA is campaigning for less bureaucracy in work assignments in Europe. An overview of the facts and figures shows that there is still a long way to go before the Internal Market runs smoothly.
Brazil will in the future follow the OECD Transfer Pricing Guidelines, thus turning away from the previous special regime.
The steep rise in interest rates in recent months has direct consequences for intergroup transfer prices and will be the focus of future tax audits.
The BMF has published its first discussion draft for the national implementation of the global minimum tax in Germany.
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In this seminar, you will learn how to set up a professional and globally consistent transfer pricing system for your group with the right IT systems, thereby saving costs.
Take advantage of our online introduction and Q&A session.
The planned reform of electricity and energy tax law is intended to significantly reduce bureaucratic hurdles. In particular, the electricity tax processing of charging stations for electromobility is to be simplified, as the electricity supplied will in future be considered as own consumption.
follows
The next exchange of experience on taxes will take place on 20.11.2024 (evening before: 19.11.2024) at KRONES AG in Neutraubling.
From the secondment of employees to tax audits: In the fall roundtable, you will learn everything new about tax topics relevant to mechanical engineering. In addition, the VDMA experts will answer your company-specific questions.
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Committees of the Tax Department
Within our working groups, you will have the opportunity to exchange experiences with other companies on a wide range of topics and to actively participate in shaping major issues relating to taxation.
Newsletter following our specialist topics
Our topic-based newsletters contain valuable information on the latest developments and the most important decisions in the field of tax law.
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Tax Database: Taxation of plant construction projects
The taxation of plant construction projects abroad is hardly a walk in the park. These country-specific resources provide an overview of the relevant tax framework.
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Tax Database: Taxation of technical services
The taxation of maintenance, repairs, etc. performed abroad is becoming increasingly challenging. With this country-specific information, additional tax burdens can be avoided in advance.
Overview: Double taxation agreements
In addition to the permanent establishment period, the country overview contains information on the 183-day rule, which, among other things, governs the tax exemption for wages in Germany.
Events of the Taxes Department
The tax department offers seminars and events for member companies on current topics and tax issues, also in cooperation with the Mechanical Engineering Institute (MBI).
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Guide Tax Compliance Management Systems
Together with company representatives, the VDMA has created a signpost which contains practical implementation examples for the implementation of a Tax Compliance Management System.
Committees