Parliament approves changes to limited deductibility of interest payments and change-in-ownership rules, and to VAT Act

On 19 June 2009, the Lower House of German Parliament (Bundestag) approved a bill (Bürgerentlastungsgesetz) which provides for a temporary amendment of the rules on the limited deductibility of interest payments and the change-in-ownership rules. In addition, the bill provides for amendments to the VAT Act. The bill is still subject to the approval of the Federal Council (Bundesrat), which is expected in July 2009.

Limited deductibility of interest payment

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