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European Commission Infringement Package for November 2019

02 December 2019

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Approved Changes

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European Union-Germany-Spain-Austria-Ireland-Cyprus-Czech Rep-Greece-Italy-Luxembourg-Denmark

The European Commission has published the key decision of its November infringements package. With respect to taxation, the November package includes the following reasoned opinions sent to different EU Member States. --- Taxation: Commission requests that GERMANY update its capital gains taxation rules for certain real estate sales The Commission decided today to send a reasoned opinion to Germany regarding its tax legislation, which treats sales of real estate by domestic and foreign companies without business activities in Germany differently for the purposes of capital gains taxation. According to the German Income Tax Act, a deferral of capital gains taxation...