OrbitaxGermany Approves Tax Amendment Act 2015 including Changes in Certain Reorganization Rules
|Approved Changes|Germany
On 16 October 2015, the German Federal Council (upper house of parliament - Bundestrat) approved the Tax Amendment Act 2015. The Act was approved by the German Federal Diet (lower house of parliament - Bundestag) on 24 September 2015. It will enter into force after it is published in the Official Gazette.
The main measures concern certain aspects of reorganizations and are summarized as follows.
RETT on Indirect Transfers of Real Estate
The substitute basis for the application of real est…