On 23 November 2018, the German Federal Council (upper house of parliament - Bundesrat) approved the Law for the Prevention of VAT Revenue Losses from Trading with Goods over the Internet and Amendment of Further Tax Provisions (Annual Tax Law 2018). The Law was approved by the German Federal Diet (lower house of parliament - Bundestag) on 8 November 2018. Some of the main measures of the Law include:
- New rules in relation to German real estate, including:
- Rules for the taxation of gains der…