Executive summary
Over the past several weeks, the German Parliament has moved several tax-related proposals forward. The proposals include: (i) implementation of the European Union (EU) Anti-Tax Avoidance-Directive; (ii) introduction of a check-the-box election for partnerships; (iii) changes to the Real Estate Transfer Tax Act; and (iv) a general overhaul of the withholding tax rules.
The specific actions include:
On 21 May 2021, the Federal Parliament agreed on the German “Law implementing the E…