Corporate Tax

The German International Ministry points pointers on the choice of company tax for partnerships

The German Federal Ministry of Finance published online letter no. 2021/1162290 on November 10th, in which guidelines are issued on the possibility of taxing partnerships as corporations, with effect for financial years beginning after December 31st. The guidelines include: 1) the scope of application of the regime; 2) rules for corporate transition to corporate income tax; 3) a description of the impact on shareholders; 4) the ability for businesses to revert to transit taxation; and 5) application deadlines. [Germany, Ministry of Finance, 11/10/21]

Reference:
See BMF letter no. 2021/1162290. Show announcement. Show index.

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