German Ministry of Finance Publishes Draft Withholding Tax Relief Modernization Law

On 20 November 2020, the German Ministry of Finance published the draft Withholding Tax Relief Modernization Law. The main elements of the law include:

• Measures to simplify and streamline existing procedures for relief from capital gains tax and withholding tax for foreign taxpayers, with a centralized system at the Federal Tax Office;
• Digitization of the procedures for applications, tax certificates, and notifications;
• Development of a capital gains tax database with comprehensive tax cert…