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Shorter useful life of computer hardware and software

Assets such as computers and software form the core of digitalisation and are subject to ever faster change on account of technical advances. The […]

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Coronavirus-induced suspension of VAT on in-kind donations

In-kind donations are generally subject to VAT if the items had been previously purchased with input tax deductions. It is therefore not uncommon that […]

News

Foreign shareholdings – Notification obligations

The Fiscal Code (Abgabenordnung, AO) contains a reporting obligation on the basis of which German taxpayers have to notify their competent tax offices […]

Blog

Easter 2021: Further extension of Covid 19 tax aid!

The Federal Ministry of Finance (BMF) announced further extensions of “Covid‑19” tax relief in a letter dated 18 March 2021. According to this letter, […]

News

Plans for the reform of tax legislation in the USA

Shortly after his inauguration, on 20.1.2021, the new President, Joe Biden, started reversing many of his predecessor’s decisions and providing new […]

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Withholding capital gains tax – Plans to simplify procedures

On 20.1.2021, the German Federal Cabinet adopted the draft bill on the Modernisation of Withholding Tax Relief and the Certification of Capital Gains […]

News

Tax-free repayment of capital contributions from foreign corporations

A shareholder may generally receive payments free of tax if they originate from the profit distributions of a corporate body and if these payments can […]

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Latest news on input tax deduction for a holding company

A so-called functional holding company or management holding company is deemed to be a business that has to register for VAT if its sole purpose is […]

News

Anticipated work-related costs in the case of a semester abroad

In the context of higher education, for the purpose of deducting allowable expenses a distinction is made between undergraduate studies and second […]

News

Internet sales – Threshold for classification as a business

Occasional private sales on the internet will usually have no tax consequences. If the internet sales continue to grow, however, there is a risk that […]

News

Flat-rate tax on non-cash benefits – The costs for the external setting of a business event have to be included

Business-related benefits for employees that are provided by employers in addition to the remuneration that would in any case be due may be taxed on […]

Blog

Special regulation due to the Covid 19 pandemic: Submission deadline for 2019 tax returns extended!

15 February 2021 marked the passing of a law extending the deadline for the submission of tax returns by tax advisors and the interest-free grace […]

Blog

Tax pitfalls in the case of joint accounts

Running a current account as a joint account is very popular, especially among couples. The big advantage of such a joint account is that all […]

Blog

Guarantee extensions and their tax treatment

In the fierce competition for customer satisfaction, retailers attempt to constantly adjust to meet the sometimes changing wishes of customers. The […]

Blog

VAT treatment of bonus point systems

When competing for business in online retail, bonus point systems are very popular among retail companies and their clients. The VAT treatment of […]

Blog

Treatment of vouchers in VAT as of 1 January 2019

The upper and lower houses of the German parliament decided in November to implement the Europe-wide voucher regulation in German law with effect as […]

Blog

Consideration of losses for sale of shares

The introduction of the flat rate withholding tax on capital gains on 1 January 2009 has led to a regime change in the tax treatment of the asset […]

Blog

Renouncing the inheritance as a tax-saving scheme

Many people are aware that an inheritance does not necessarily have to be accepted, but can also be renounced if necessary. However, this option is […]

Blog

Tax compliance and tax-risk management for small and medium-sized enterprises

Due to a tightening of case law, administrative practice and legislation, the tax situation of corporations has been subject to constant change for […]

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