German Ministry of Finance proposes interest-rate limitation rule
|Tax Alerts, Information Reporting, Legis ...|Germany
On 14 July 2023, the German Ministry of Finance published the draft of the Growth Opportunities Act.
In part, the draft bill proposes an interest-rate limitation rule to restrict the deduction of interest expenses in business relationships between related parties in certain situations.
If no "escape clause" applies, interest expenses are not deductible to the extent that the agreed interest rate exceeds the maximum interest rate defined by law.
This Alert summarizes the key aspects of the proposed …
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