Germany: Actuarial Services

On January 9th, 2024, the "Institute of Internal Auditors (IIA)" introduced the updated Global Internal Audit Standards, which are set to replace the existing "International Professional Practices

„The Institute of Internal Auditors (IIA)" hat am 9. Januar 2024 aktualisierte Global Internal Audit Standards veröffentlicht, die nach einer Übergangsphase von einem Jahr zum 9. Januar 2025 durch die Interne Revision anzuwenden sind.

The first two sentences of the draft act amending the energy price brakes published on 5 April 2023 already indicate that this is unlikely to be the last amendment to the Gas and Heat Price Brake Act...

Yesterday, the Commission presented a proposal for a regulation on a statute for a European Foundation ("FE").

As a result of tax benefits available under German tax law and high returns on investment, German ship funds have enjoyed increasing popularity in recent years, attracting a considerable amount of equity from private investors. Ship funds are vehicles which collect private equity from a limited number of investors to build and operate one or more ships (eg, container ships). The return on investment consists of tax benefits (in particular, losses which can be offset against earnings) on the one

It is no longer a question of whether the German tax practice will be reformed, rather a question of when and how the reform will take place.

On December 22nd, 2008 the German Financial Supervisory Authority (Bundesanstalt für die Finanzdienstleistungsaufsicht “BaFin”) published circular 14/2008 (WA) (“Circular”) on its interpretation of the scope of the German Investment Act (Investmentgesetz – “InvA”) as amended on December 21st, 2007.

The finance ministry has published its draft bill to transpose various EU amendments and ECJ cases into national law whilst taking the opportunity to make a number of editorial changes.

The finance ministry has published a progress report on its efforts to date to simplify tax procedures with online assessment and collection.