Yesterday, the German Parliament (Bundestag) enacted the Act Amending the German Investment Tax Act and Other Acts (AIFM Tax Amendment Act) after having made important amendments to the draft Act dated January 30, 2013 based on the Finance Committee's recommendations.

Equally important is what was not amended: although the opposition forcefully insisted on the introduction of a lump-sum taxation for accumulated earnings of investment corporations (Kapital-Investitionsgesellschaften), such lump-sum taxation did not find its way into the now enacted German Investment Tax Act.