The European Union and China signed a Joint Statement on mutual recognition of Trusted Traders. This means that China will accept the European Authorized Economic Operator (AEO) as Trusted Trader. Trusted Traders both from the EU and from China shall enjoy lower costs, simplfied customs procedures and greater predictibility in their economic activities. This means that…Details
The European Union has been trying for over a decade to modernize custom’s regulations. Todays regulations in form of the current Community Customs Code (CCC) originate from 1992. There have been political efforts to modernize the current custom law, the result being the Modernized Customs Code (MCC) whose main aim was to implement IT solutions in order…Details
On 8 December 2014, the Confédération Fiscale Européenne published the following press release:
On 5 December 2014, the European Commission has published a list of national contact points for any questions of operators regarding the 2015 changes to VAT on electronic, telecommunication and broadcasting services.
The list can be found here.
Social security contributions in Germany are calculated as a percentage of the income. However, there is a maximum income base. Exceeding parts of the income are not subject to social security contributions. On 15 October 2014, the Federal Cabinet (Bundesregierung) has approved on a draft regulation in regard to thresholds for social security contributions coming into effect…Details
The number of foreign companies entering the German market is increasing steadily. In the past mainly global players or international orientated bigger firms went to Germany. However, the number of small and medium-sized foreign companies entering the Germany market is growing rapidly. For these kind of businesses we are providing special services. On this website we…Details
Foreign entities who want to start business activities in Germany face numerous legal requirements. They also have to deal with various authorities and other semi-official organisations. This article describes authorities and organisations who are in charge of tax and social security issues. Part 1 described the taxation of business entities and related issues. This is part 2 which…Details
Foreign entities who want to start business activities in Germany are facing numerous legal requirements. They also have to deal with various authorities and other semi-official organisations. This article describes authorities and organisations who are in charge of tax and social security issues. Part 1 describes the taxation of business entities and related issues. Part 2 describes authorities…Details
Germany is not considered to be a low-tax jurisdiction. However, under certain conditions foreign companies may profit from favourable tax regulations. This is due to the fact that Germany’s income taxes for corporations are fragmented. Germany has a classic corporation tax system (corporate income tax). Corporate profits are taxed at the level of the company.…Details