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Germany Amends Interest Deduction Limitation Rules

22 December 2023

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Approved Changes

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Germany

On 15 December 2023, the German Federal Council (upper house of parliament - Bundesrat) approved the Secondary Credit Market Promotion Act. The Act was approved by the German Bundestag (lower house of parliament) on 14 December and must now be signed into law and published in the Official Gazette. The Act includes certain measures that were previously part of the Growth Opportunities Act, including measures in relation to the rules for the 30% of EBITDA interest deduction restriction. There are outstanding issues with other measures of the Growth Opportunities Act that are to be discussed in 2024. The main amendments...