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ARTICLE · 24 JUNE 2019

Final Version Of German Investment Tax Circular Published

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On 21 May 2019, the German Federal Ministry of Finance published its long-awaited circular on the German Investment Tax Act in the version effective from 1 January 2018 ...

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Dr. Peter Bujotzek
Dr. Peter Bujotzek
André Blischke
André Blischke
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On 21 May 2019, the German Federal Ministry of Finance (BMF) published its long-awaited circular on the German Investment Tax Act (GITA) in the version effective from 1 January 2018 (the "Circular", BMF letter as of 21st of May, 2019, Ref.: IV C 1 - S 1980-1/16/10010:001). The Circular addresses in particular the provisions for (simple) investment funds (§§ 1-24) and the application and transitional provisions (§ 56 GITA).

These provisions affect, among other things, private equity funds and funds of funds organized as corporations and segregated assets (Sondervermögen) (hereafter "Investment Funds"). We have summarized selected aspects of particular relevance for the private equity sector below.

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