The German Ministry of Finance has published a notice on the current issue of the Newsletter of the Federal Central Tax Office, which addresses changes to Country-by-Country (CbC) reporting due to the Annual Tax Law (Act) 2020 (Jahressteuergesetz - JStG 2020).
As a result of the Annual Tax Law 2020, the words "based on the consolidated financial statements" have been deleted from Section 138a, Paragraph 2, Number 1 of the Tax Code. This deletion makes it clear that in addition to the conso…