The German Federal Council (upper house of parliament - Bundesrat) has announced its approval of the Growth Opportunities Act on 22 March 2024. The Act was approved by the Bundestag (lower house of parliament) on 23 February 2024. The main measures include: The introduction of new interest deduction limitation rules providing that the deduction of interest on cross-border intercompany financing is subject to the following tests from the 2024 fiscal year: debt capacity/cash-flow test, providing that the taxpayer must demonstrate their ability to service the debt (both interest and principal) during the entire term of the debt; business purpose test,...