The German Federal Fiscal Court has ruled on a critical question in insolvency taxation: when a creditor withdraws claims from insolvency proceedings, must the debtor derecognize the corresponding liability and recognize taxable income? This judgment clarifies the threshold required for liability derecognition and establishes important principles for restructuring scenarios.

German tax accounting rules for building-related expenditures are undergoing significant change, particularly affecting energy-efficient refurbishments. Recent guidance from the Institute of Public Auditors and the Federal Ministry of Finance has expanded the scope of capitalizable costs, creating potential divergences between commercial and tax treatment that require careful navigation by tax advisors.

Operating or thinking about expanding your business to Germany in the near future? Here are some recent German law changes that may affect you.

Die OECD hat im Dezember 2021 Mustervorschriften für die Umsetzung der globalen Mindestbesteuerung veröffentlicht.

Aiming to increase comparability, transparency, and coherence in financial reporting, on 09 April 2024, the International Accounting Standards Board (IASB) published a new accounting standard...

The circulated draft of the German Implementation Act of Global Minimum Taxation Act ("Draft") is applicable to any entity group (multi-national, as well as domestic) with an annual turnover...

Various changes in German law scheduled for 2016 will affect your company's legal, accounting, administrative obligations, and how your business operates.

As a reaction to the spectacular collapse of Wirecard, a then-DAX-listed financial service provider, in June 2020, an Act on Strengthening the Financial Market Integrity (Finanzmarktintegritätsstärkungsgesetz – FISG)...

TMF Group, in association with ACCA, looks at the big issues for businesses planning to set up or expand in Germany and the tax and accounting regulations to consider.

Versäumt der Kläger diese Frist, kann er eine entsprechende Auskunft und Rechnungslegung bezüglich der Auslandslieferungen nur in einer neuen Hauptsacheklage geltend machen.

This article is the first of a series on accounting fraud and follows on from a previous article, "The current economic climate - a golden age for fraud?", where we explained why challenging economic environments...

The German economy has experienced minimal growth for a number of years. Insolvencies have reached record levels, and the number of businesses outside of formal insolvency proceedings, but in need of restructuring, is significant.

Am 27. Juni 2022 ist die neue Fassung des Deutschen Corporate Governance Kodex (DCGK 2022) durch Bekanntmachung im Bundesanzeiger in Kraft getreten.