On 2 December 2022, the German Bundestag (lower house of parliament) approved the draft Annual Tax Act 2022 with some amendments. The main measures include:
- A partial repeal of the controversial rules regarding the taxation of the transfer of intellectual property (IP) rights registered in German registers (German-nexus IP), which generally includes a retroactive repeal for transactions between unrelated parties and a repeal for all transactions after 31 December 2022 (including related part…