Exchange of information in tax matters On 30 September 2017, the first automatic exchange of information on financial accounts between Germany and 49 countries and territories for the reporting period 2016 began on the basis of the new Common Reporting Standard (CRS). 100 countries and territories have already committed themselves to introducing the common reporting […]
The Cash Register Review from 1.1.2018 Due to the repeated manipulations of cash registers detected during external audits, the legislator has also implemented a so-called cash register review in the form of the “Act on Protection against Manipulation of Digital Basic Records”. From 1.1.2018, this can be carried out on the business premises of taxpayers […]
New rules for the depreciation of low-value assets as of 1.1.2018 The law against harmful tax practices in connection with the transfer of rights raised the limits for independently usable movable fixed assets whose acquisition and production costs do not exceed certain limits – so-called low-value assets (LVA). Thereafter, it shall apply from 1.1.2018: Immediate […]