On 20 November 2020, the German Ministry of Finance published the draft Withholding Tax Relief Modernization Law. The main elements of the law include:
- Measures to simplify and streamline existing procedures for relief from capital gains tax and withholding tax for foreign taxpayers, with a centralized system at the Federal Tax Office;
- Digitization of the procedures for applications, tax certificates, and notifications;
- Development of a capital gains tax database with comprehensive tax cert…