As a result of an infringement procedure initiated by the European Commission, Germany amended its legislation and will no longer treat legacies established in other EU/EEA States less favourably than legacies to certain charities established in Germany.

Previously, domestic charities were granted an exemption from inheritance tax, whereas similar charities established in other EU/EEA States only enjoyed this exemption if their State of residence granted an equivalent or reciprocal exemption to comparable German charities. As a result, legacies to foreign charities were often taxed more heavily. As a result of attaining compliance by Germany, on 25 February 2016 the European Commission closed the infringement procedure. 



Informatiesoort: Nieuws

Rubriek: Europees belastingrecht, Schenk- en erfbelasting

H&I: Previews


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