Germany published the Annual Tax Law 2020 (JStG 2020) in the Official Gazette on 28 December 2020, which includes various measures and amendments to different tax laws. Some of the key points are summarized as follows:
- Amendments to the pre-acquisition investment deduction for smaller businesses:
- the allowed deduction amount that may be claimed prior to acquiring or manufacturing new business assets is increased from 40% to 50%;
- the use of assets requirement is changed from exclusive use (a…