On November 12th, 2015, the German Federal Tax Authority published an amendment of the VAT Application Decree. The Decree now adopts the same wording set forth in the VAT Code for the tax-exemption of the management of investment funds. In our ... (more)
On September 30, 2015, the European Commission adopted a draft amendment to the Level 2 Delegated Regulation for Directive 2009/138/EU. The draft amendment will establish infrastructure as a separate asset class within the market risk module. The capital requirements for investments financed ... (more)
In clarifying when the transfer of an indirect interest holder in a real estate holding partnership would result in a taxable event pursuant to § 1 (2a) of the German Real Estate Transfer Tax Act, the legislator is reacting to the ... (more)