Sebastian Fuss

Dr. Daniel Zöller, a certified tax advisor and partner at RSM Ebner Stolz in Stuttgart discussed the implications of the global minimum tax initiative for multinational corporations, and outlines the services his firm can provide to help them comply. https://lnkd.in/df5wiKp9 #rsm #ebnerstolz #taxlaw #taxadvice #InternationalTax 

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⚠️Join us for a webinar on doing business in Ukraine, including the associated tax and legal trends, challenges and initiatives. When: 7th November, 10:00 – 11:30 CET Where: Online. Register for the webinar by following this link: https://lnkd.in/eeJMKJTx I will cover the latest e-reporting trend in Ukraine: the Standard Audit File for Tax (SAF-T), a new type of reporting that has the potential to change the logic behind tax audits and tax reporting in general. During the webinar, we will overview the state of the economy and discuss a number of hot topics and trends. The webinar will be particularly useful for: - multinationals already operating in Ukraine; - businesses planning to launch operations in Ukraine.

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🇩🇪 On April 8, 2024, the German government responded to inquiries regarding the status of dividend withholding tax (WHT) exemption and refund procedures for foreign shareholders. It shed light on a concerning trend of mounting backlogs and prolonged processing times at the federal tax office, causing processing hurdles that have an inevitable impact on international investors. Read about it here👇 #dividendtax #germany #taxnews #withholdingtaxreclaims

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Germany: the federal Ministry of Finance on June 14, 2024, published draft guidance on the implementation of the electronic invoicing (e-invoicing) mandate for domestic business-to-business (B2B) transactions, which will be gradually introduced effective January 1, 2025. Key points: - an e-invoice will only be recognized - starting 1 Jan 2025 - as such if it is sent and received in a specific electronic format that allows electronic processing - both supplier and customer should be located in Germany - the recipient - starting 1 Jan 2025 - must have the technical capabilities to receive an e-invoice - e-invoices can be made in a purely structured or a hybrid format, where hybrid means that it has a structured data part (like an XML file) and a human-readable data part (like a PDF) - the transmission of an e-invoice must occur electronically (e.g. e-mail, electronic interface, customer portal) - the structured part of an e-invoice must be stored in its original form - no proper e-Invoice means no VAT deduction for customer #kpmg #germany #vat #eInvoice

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Modifications done to the double tax agreement with Germany 🇱🇺-🇩🇪 do have quite some impacts on German cross-boarders. 👉🏼 Not only did the way their working time ⏱️ is being assessed change but also the interpretation on how Luxembourg sourced income 💵 may become taxable in Germany did get quite some fine-tunning. Check out our latest Bulletin! Vialto Partners Luxembourg -> Your Cross-boarder and international assignments specialist !

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Meet us in Vienna next week. This was the last online session. More details and insights in our Onsight course. #WUTLTC #TLTC #TaxTech #Taxcompliance

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In our current VAT newsletter we inform in particular about the government draft of the German Annual Tax Act 2024. #kpmg #tax #vat

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In this position paper, we examine Switzerland's position in the context of global tax trends. Download now: https://go.ey.com/4esXqN3 🔍 We arrive at the following theses in the paper: 1. Pillar Two and the Global Minimum Tax won't create a level playing field in international tax. 2. We will see ongoing international tax regulation efforts as states aim to boost revenue. 3. As administrative and compliance burdens grow, efficient processes and effective dispute resolution become key location factors. #BEPS #TaxCompliance #VATUpdate

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#Bilanzbuchhalter #Buchhaltung #Finanzen #Accounting #FinancialAccounting #Finanzbuchhaltung #Steuerberatung #FinancialReporting #Jahresabschluss #Finanzanalyse #BMD #Digitalisierung #Rechnungswesen #CPA (Certified Public Accountant) #IFRS (International Financial Reporting Standards)#Steuern #TaxAccounting #Audit #offenejobs #Job

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𝐒𝐧𝐞𝐚𝐤 𝐩𝐫𝐞𝐯𝐢𝐞𝐰: 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐁𝐫𝐚𝐧𝐝 𝐕𝐚𝐥𝐮𝐞 𝐨𝐧 𝐌&𝐀 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬! DANISTER recently surveyed tax consultants and auditors in the DACH region (Germany, Austria, and Switzerland) regarding the impact of monetary brand value on M&A transactions and uncovered some insightful findings. Our study asked several questions - here is a sneak preview: ◼ 90 % of the respondents agreed that monetary brand value has a significant influence on investors’ decisions ◼ 92 % of the respondents believe a high brand value can improve the seller's negotiating position in M&A transactions. These results highlight the importance of showcasing brand value during investor searches and the sales process. Investors are keen to understand the worth of a brand. International studies have shown that companies with strong brands are more resilient during crises and generally achieve higher returns. A well-established brand value not only enhances negotiating power but can also lead to a higher sales price during M&A transactions. Let us participate from your experience. Have you ever used trademarks as value supporting asset in M&A transactions? Curious about your brand's value? Calculate an indicative brand value on our website at DANISTER GmbH: https://lnkd.in/eENRqnHE #BrandValue #CorporateFinance #DANiSTER #MandA #Valuation

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📢 On 17 October 2024, #Germany’s Ministry of Finance released the Minimum Tax Group Head Notification Form, a new requirement under Germany’s #MinimumTaxation Rules. This form allows MNE Groups to centralize #TopUpTax payments and filing obligations at the level of one Constituent Entity, the “Minimum Tax Group Head”. The first notification deadline is 28 February 2025 for groups with a calendar-year financial cycle, and 28 February 2026 for those with a different fiscal year. Electronic notifications are likely to open from 2 January 2025. https://lnkd.in/gxmM_vvT #internationaltax #BEPS #Pillar2 #OECD

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This week, members of our DACH team are gathered in Potsdam for the annual Tax Operations Conference! 💡 Over the next two days tax managers from across the DACH region are engaging in discussions, roundtable sessions, and presentations. One key highlight will be our Country Manager, Nicolas Weisensee, joining Juliane Port, the Tax Compliance Management Officer at Deutsche Bahn, for a roundtable discussion on the role of digitalization in effectively operationalizing the TCMS. 👏 If you are there, be sure to stop by and say hello! Sven Jordan and Philipp Kiehn will be at our booth today and tomorrow! 😁 #compliancesimplified #TaxOps #networking #taxcompliance

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Global minimum tax - important TO DOs for Austrian business units before end of 2024: 1. Calculation of effective tax rate for Austria - the possible application of safe harbour rules is crucial in this respect and typically, the application of these safe harbours means that the top up tax = 0 2. Administrative issue: In case there is more than one business unit in Austria, one business unit will be responsible to fulfill the administrative obligations regarding global minimum tax in Austria. This is either the top entity in Austria or the economicially most significant one. An option is also that the MNE appoints an entity. If this latter option is taken, the proof of the appointment must be provided to the Austrian tax office before end of 2024 (!). This notification may be done electronically via FinanzOnline.

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🚨 Key Update on Transfer Pricing: Reduction in Bureaucracy Through Simplified Documentation Requirements 🚨 A major step towards reducing the bureaucratic burden for businesses operating in Germany is underway! On September 26, 2024, the Bundestag passed the Fourth Act on Bureaucracy Relief, which simplifies transfer pricing documentation requirements under the German Fiscal Code (AO). This is great news for companies, as the amendments aim to make tax audits more efficient while maintaining the authorities' control. What’s changing? 🔹 New documentation components: Transaction matrix, factual documentation, and justification of the transfer pricing method. 🔹 Streamlined submission during tax audits: Reduced to key documents like the transaction matrix and master file. 🔹 Risk-based approach: Tax authorities will request only essential documents at the start of audits, speeding up the process. This reform promises to ease compliance costs for businesses—though the real impact remains to be seen. Stay tuned for more updates as the law moves through the Bundesrat! 📅 Expected implementation: January 1, 2025. Read the full article: https://lnkd.in/dtFDT5ra #TransferPricing #BureaucracyRelief #TaxLaw #BusinessEfficiency

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Short reflections on the German continuous tax audit process, following my visit to our Wiesbaden office last week. On the negative side, some obvious frustrations with the process stem from the prolonged and non-limited time to complete the audit. In my view this creates two main issues for businesses: (1) Excessive administrative burden. For large businesses, the German authorities will have large teams permanently assigned to the audit, generating a huge volume of questions and document requests. Often queries can relate to transactions 10 years plus in the past, to which it is very challenging and time consuming to respond. (2) Distortion between competitors. The fact that there is no statute of limitation or time limit on open audits means that competing businesses can have significantly different periods open for potential assessment. If, for example, a new ECJ case changes the accepted practice on a tax treatment, one business could be assessed ten years back and another only two years back depending on the status of their audit. This definitely feels challengeable under EU neutrality principles. This said, as a citizen I would feel somewhat comforted by the diligence and competence within the process. Audit closing has a wonderful formality and seriousness, with issues presented and discussed at a reassuring level of detail and expertise. Whilst you could question whether emphasis is too skewed towards revenue generation rather than achieving the correct tax result, there must remain some respect for the efforts.

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Germany: new rules on WHT payment and reporting ("MiKaDiv") postponed until 2027 to facilitate joint implementation together with FASTER in Germany... KPMG's comments... #internationaltax #withholdingtax #Germany #KPMG

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What’s happening now and next in Tax? 🌐 Discover the latest at the EY National Tax Conference 2024: - Key developments in global tax policy, including BEPS Pillar One and Pillar Two - AI's impact on taxation - Future prospects for Switzerland as a tax hub and more! 📅 When: 5-6 November 2024 🏨 Where: Interlaken 🔗 Learn more about the event: https://go.ey.com/3Z6nAAp Catch the video featuring insights from last year’s conference! #TaxUpdates #AIInTaxation #Tax

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