Information only in English
The German Lower House approved the draft Law to Accelerate Economic Growth on 4 December 2009 with some limited amendments to the previous draft. The law proposes important changes to the change-in-ownership rule, interest deduction limitation rule, real estate transfer tax act and other provisions (see GTLN Special Edition November 2009). To become effective, the law still must be approved by the Upper House (currently scheduled for 18 December 2009) and signed by the President.
