TaxNewsFlash-Europe

September 3, 2008
No. 2008-33

Germany

Guidance Under the 2008 Business Tax Reform Act on Earnings Stripping, Corporate Loss Limitation, and Trade Tax Addback Rules

As follow up to draft directives that were issued in February 2008 (see TaxNewsFlash-Europe 2008-15), the Federal Ministry of Finance recently issued official guidance concerning some of the more important issues raised by the 2008 Business Tax Reform—i.e., the earnings stripping rules , the corporate loss limitation rules, and the trade tax addbacks.

KPMG in Germany has prepared a seven-page report that addresses this guidance as well as provides discussions of other developments. For a printable version of this report: German Tax Monthly (September 2008)

For more information, contact a tax professional with KPMG’s German Tax Center of Excellence:

Eckart Nuernberger, (212) 954.7950, eckartnuernberger@kpmg.com

Fabian Gaffron, (212) 872.3686, fabiangaffron@kpmg.com

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