13.06.2024 German Tax and Legal News
With the letter dated March 11, 2024, the tax administration has published significant changes to the so-called GoBD (Principles for the Proper Management and Retention of Books, Records and Documents in Electronic Form, as well as Data Access), which came into effect on April 1, 2024. In addition to an extension of the ability of the tax auditor to estimate taxation basis in course of audits, the letter also includes changes to the manner in which audit-relevant data is made available to the tax administration. In conjunction with the discussion draft on the standardized digital interface for accounting data (DSFinVBV-E) which first became available at the end of last year, initial conclusions can be drawn regarding future requirements for data access in audits.
