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Germany Amends Interest Deduction Limitation Rules

|Approved Changes|Germany
Germany

On 15 December 2023, the German Federal Council (upper house of parliament - Bundesrat) approved the Secondary Credit Market Promotion Act. The Act was approved by the German Bundestag (lower house of parliament) on 14 December and must now be signed into law and published in the Official Gazette. The Act includes certain measures that were previously part of the Growth Opportunities Act, including measures in relation to the rules for the 30% of EBITDA interest deduction restriction. There …

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