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

|Approved Changes|Germany
Germany

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)…

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