16.12.2013AIFM Tax Adaption Act approved
The AIFM (Alternative Investment Fund Managers) Tax Adaption Act was approved by the upper and the lower houses of parliament on 28-29 November 2013. The bill now must be signed by the President and published in the Federal Gazette to become effective. Both steps are expected to take place before year end, so that the AIFM Tax Adaption Act can still enter into force in 2013.
The final version of the bill does not differ from the version introduced into the legislative process by the upper house of parliament earlier in December (for a more detailed description, see deloitte tax-news).
It should be noted that the recently published coalition agreement of the new German government states that the governing parties intend to propose a comprehensive reform of the investment tax rules. Thus, the changes to the Investment Tax Act introduced by the AIFM may not be the final rules.
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