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The expected legislation amending certain aspects of the 1996 Tax Act was enacted into law on 18 December 1995. The changes made by the amendment legislation are in general minor. As anticipated, the amendment legislation extends through 1996 the exemption from trade tax on capital in the New German States, albeit limited to property attributable to a permanent establishment located in the these States. With respect to West Berlin only, the new act limits the tax incentives to businesses with no more than 50 employees (instead of 250 as originally intended - see our previous articles).
Disclaimer and Copyright
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