As of 1 August 2021, the transparency register was restructured by the Transparency Register and Financial Information Act. In this process, the so-called notification fiction for the reporting of beneficial owners of legal entities to the transparency register was abolished, which prompted numerous companies to make entries. The transitional periods granted by law for the implementation expire this year. This article explains which notifications need to be made. Furthermore, an outlook on upcoming changes of the transparency obligations under money laundering law due to European legislative projects is given.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-30 09:30:002022-06-30 09:37:38CURRENT REPORTING REQUIREMENTS IN THE TRANSPARENCY REGISTER AND UPCOMING CHANGES DUE TO THE EU MONEY LAUNDERING REGULATION
In its ruling of 28 September 2021 (BFH VIII R 2/19), the Federal Fiscal Court decided that the tax reduction under § 34 para. 3 German Income Tax Act is also used in the event that it was granted unlawfully and without prior application. This result may seem surprising at first glance. The taxpayer is deprived of the opportunity to decide for him/herself whether to file an application under § 34 para. 3 EStG. The BFH has limited the legally stipulated options.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-30 09:20:002022-06-30 09:20:03THE TAX REDUCTION UNDER § 34 PARA. 3 ESTG – ALSO USED BY AN UNLAWFUL GRANTING
The entrepreneurial status of supervisory board members is one of the hot topics in VAT, as reflected in the frequency of the letters published by the Federal Ministry of Finance. Just half a year after the BMF letter of 8 July 2021, the tax authorities have once again issued a statement. The BMF letter of 29 March 2022 specifies the principles and answers further questions. In addition to our newsletter article of 1 October 2021, this newsletter article describes all new insights.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-30 09:10:002022-06-30 09:10:03VAT TREATMENT OF SUPERVISORY BOARD MEMBERS –THE TAX AUTHORITIES ARE MAKING IMPROVEMENTS
With the ECJ ruling dated 14 May 2019 that employers must enable the recording of working time by means of an objective, reliable and accessible system, ambiguity arose as to what extent this also has an impact on the burden of presentation and proof in lawsuits brought by employees for compensation for overtime. The Federal Labor Court has now provided clarity, denied a connection and declared that it will adhere to the familiar two-step model.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-30 09:00:002022-06-30 09:00:14THE GERMAN FEDERAL LABOR COURT CLARIFIES THE IMPACT OF THE ECJ’S CCOO DECISION ON THE BURDEN OF PRESENTATION AND PROOF IN OVERTIME LITIGATION
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-29 15:41:112022-06-29 15:41:11honert supports Salvia in its investment in Wingcopter
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2022-06-27 16:50:572022-06-27 16:53:07honert advises cap-on on a financing round led by thyssenkrupp Automotive Body Solutions and S.D.L.
CURRENT REPORTING REQUIREMENTS IN THE TRANSPARENCY REGISTER AND UPCOMING CHANGES DUE TO THE EU MONEY LAUNDERING REGULATION
/in 2022 Q2/by Ester HahnAs of 1 August 2021, the transparency register was restructured by the Transparency Register and Financial Information Act. In this process, the so-called notification fiction for the reporting of beneficial owners of legal entities to the transparency register was abolished, which prompted numerous companies to make entries. The transitional periods granted by law for the implementation expire this year. This article explains which notifications need to be made. Furthermore, an outlook on upcoming changes of the transparency obligations under money laundering law due to European legislative projects is given.
THE TAX REDUCTION UNDER § 34 PARA. 3 ESTG – ALSO USED BY AN UNLAWFUL GRANTING
/in 2022 Q2/by Ester HahnIn its ruling of 28 September 2021 (BFH VIII R 2/19), the Federal Fiscal Court decided that the tax reduction under § 34 para. 3 German Income Tax Act is also used in the event that it was granted unlawfully and without prior application. This result may seem surprising at first glance. The taxpayer is deprived of the opportunity to decide for him/herself whether to file an application under § 34 para. 3 EStG. The BFH has limited the legally stipulated options.
VAT TREATMENT OF SUPERVISORY BOARD MEMBERS –THE TAX AUTHORITIES ARE MAKING IMPROVEMENTS
/in 2022 Q2, 2022 Q2/by Ester HahnThe entrepreneurial status of supervisory board members is one of the hot topics in VAT, as reflected in the frequency of the letters published by the Federal Ministry of Finance. Just half a year after the BMF letter of 8 July 2021, the tax authorities have once again issued a statement. The BMF letter of 29 March 2022 specifies the principles and answers further questions. In addition to our newsletter article of 1 October 2021, this newsletter article describes all new insights.
THE GERMAN FEDERAL LABOR COURT CLARIFIES THE IMPACT OF THE ECJ’S CCOO DECISION ON THE BURDEN OF PRESENTATION AND PROOF IN OVERTIME LITIGATION
/in 2022 Q2/by Ester HahnWith the ECJ ruling dated 14 May 2019 that employers must enable the recording of working time by means of an objective, reliable and accessible system, ambiguity arose as to what extent this also has an impact on the burden of presentation and proof in lawsuits brought by employees for compensation for overtime. The Federal Labor Court has now provided clarity, denied a connection and declared that it will adhere to the familiar two-step model.
honert supports Salvia in its investment in Wingcopter
/in Deal Announcements/by Ester Hahnhonert advises cap-on on a financing round led by thyssenkrupp Automotive Body Solutions and S.D.L.
/in Deal Announcements/by Ester Hahn