OrbitaxGerman Parliament Passes Laws Restricting Royalty Payment Deductions and Increasing Offshore Company Disclosure Requirements
|Approved Changes|Germany
On 2 June 2017, the German Federal Council (upper house of parliament - Bundesrat) passed the laws to restrict the deduction of related party royalty expenses and to increase disclosure requirements for offshore (shell) companies.
Royalty Deduction Restrictions and Other Changes
The law restricting royalty deductions limits the deduction of royalty payments to related parties made after 31 D…
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