ARTICLE · 01 JULY 1997

068. Draft Directive On The Tax Reorganisation Act

KPMG Germany

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1. Introductory

In April 1997, the Federal Ministry of Finance issued in draft form a highly detailed directive setting forth the position of the German tax authorities on numerous issues associated with the new Tax Reorganisation Act which took effect on 1 January 1995 (see article no. 5 "New German Reorganisation Law"). The draft directive is 179 pages in length and is the subject of comments which KPMG Germany submitted to the Institute of German Accountants (IDW) at the end of May 1997. The IDW issued its own comments in early June 1997. These agree in substance with those of KPMG unless otherwise stated.

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