Investment Taxation

The topic investment taxation includes in particular the taxation of investment funds and their investors on the basis of the Investment Tax Act (InvStG), which was completely reformed by the Investment Tax Reform Act with effect from 1 January 2018. More specific details and explanations on the InvStG can be found in a number of circulars issued by the German Ministry of Finance, some of which have not yet been finally agreed.

In addition to the InvStG, there are a number of other tax laws relevant for investment funds and their investors which play an important role in the association's activities. These are, for example, at the national level the foreign taxation act (AStG) or the income tax act (EStG), or at the European or international level the amending directive on the mandatory automatic exchange of information in the area of taxation on reportable cross-border arrangements (DAC-6), the Anti Tax Avoidance Directive (ATAD), or the project for a Financial Transaction Tax (FTT).

 

DAC-6

EU-Directive
 

 

COUNCIL DIRECTIVE (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements

German Act implementing DAC-6
 

Gesetz zur Einführung einer Pflicht zur Mitteilung grenzüberschreitender Steuergestaltungen

Circular of the Federal Central Tax Office (Bundeszentralamt für Steuern, BZSt)

Homepage of the BZSt concerning DAC-6 (in German language)

ATAD

EU Directive

 

COUNCIL DIRECTIVE (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market

German Act implementing ATAD (Draft in German language)
 

 

 

FTT

EU Directive (draft 2013)

 

Proposal for a COUNCIL DIRECTIVE implementing enhanced cooperation in the area of financial transaction tax

Position Paper 01/2020 of the Scientific Council of the German Finance Ministry
 

Position Paper 01/2020 on the logic of a financial transaction tax (“Zur Sinnhaftigkeit einer Finanztransaktionssteuer“)

 

 

BAI feedback statements

Stellungnahme zum Anwendungsschreiben zum Investmentsteuergesetz in der Fassung des Gesetzes zur Reform der Investmentbesteuerung
28. Juli 2020

 

Stellungnahme zum Anwendungsschreiben zum Investmentsteuergesetz in der Fassung des Gesetzes zur Reform der Investmentbesteuerung
16. Dezember 2019

 

Stellungnahme zum BMF-Referentenentwurf eines Gesetzes zur Umsetzung der Anti-Steuervermeidungsrichtlinie (ATAD-UmsG)
13. Dezember 2019

 

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