KPMG Germany Webpage
Click on the above link to visit the KPMG Germany webpage on the Mondaq website

In a previous version of the article entitled "German Corporate Taxation: An Overview for Foreign Investors" it was erroneously reported that losses could be carried back two years for purposes of the trade tax on earnings as well as the corporation tax. However, the loss carryback applies only to corporation tax.

The passage in question has been revised in the version of the article currently on line and now reads as follows:

"Losses can be carried forward indefinitely for both the trade tax on earnings and the corporation tax. Corporation tax losses only may also be carried back up to two years in an amount of up to DM 10 million."

We regret our mistake.

Disclaimer and Copyright
This article treats the subjects covered in condensed form. It is intended to provide a general guide to the subject matter and should not be relied on as a basis for business decisions. Specialist advice must be sought with respect to your individual circumstances. We in particular insist that the tax law and other sources on which the article is based be consulted in the original, whether or not such sources are named in the article. Please note as well that later versions of this article or other articles on related topics may have since appeared on this database or elsewhere and should also be searched for and consulted. While our articles are carefully reviewed, we can accept no responsibility in the event of any inaccuracy or omission. Any claims nevertheless raised on the basis of this article are subject to German substantive law and, to the extent permissible thereunder, to the exclusive jurisdiction of the courts in Frankfurt am Main, Germany. This article is the intellectual property of KPMG Deutsche Treuhand-Gesellschaft AG (KPMG Germany). Distribution to third persons is prohibited without our express written consent in advance.