Newsletters

18.07.2013

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Application of the German Investment Tax Act

The German Federal Ministry of Finance has declared in an Ordinance dated July 18, 2013 that the scope of the German Investment Tax Act ("GITA") will continue to apply to domestic and foreign investment funds within the meaning of the German Investment Act even though said Act will be repealed as per July 21, 2013. This provisional rule is necessary because the legislative process regarding the Act Amending the German Investment Tax Act and Other Acts (AIFM Tax Amendment Act, or "GITA-AIFM") is still not finalized. 

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