Transfer pricing: Significant tightening for financial transactions and services
On 22 March 2024, the German Federal Council approved the Mediation Committee's compromise proposal on the Growth Opportunities Act. As a replacement for the originally in dplanned interest rate cap, which was removed from the draft bill, new regulations for cross-border financial transactions and services will therefore be introduced from the 2024 tax period (Section 1 (3d) and (3e) Foreign Transactions Tax Act (AStG)). ...read more