{"id":43928,"date":"2017-12-19T18:10:20","date_gmt":"2017-12-19T16:10:20","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/formal-tax-compliance-for-domestic-and-foreign-private-equity-funds\/"},"modified":"2017-12-19T18:10:20","modified_gmt":"2017-12-19T16:10:20","slug":"formal-tax-compliance-with-in-and-foreign-private-equity-funds","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/formal-tax-compliance-with-in-and-foreign-private-equity-funds\/","title":{"rendered":"Formal Tax Compliance for Domestic and Foreign Private Equity Funds"},"content":{"rendered":"

Dr. Chris\u00adtoph Ludwig<\/strong> \u2014 Tax Consul\u00adtant and Part\u00adner BLL Braun Leber\u00adfin\u00adger Ludwig, Munich<\/p>\n

Thomas Unger<\/strong> \u2014 tax consul\u00adtant, audi\u00adtor and part\u00adner BLL Braun Leber\u00adfin\u00adger Ludwig, Munich \u2014 mana\u00adging direc\u00adtor of Private Equity Verwahr\u00adstelle GmbH, Munich<\/p>\n","protected":false},"excerpt":{"rendered":"

The econo\u00admic success and attrac\u00adtive return oppor\u00adtu\u00adni\u00adties for private equity invest\u00adments in conjunc\u00adtion with the extre\u00admely low inte\u00adrest rates on the capi\u00adtal markets, which have been close to zero for years, have moti\u00adva\u00adted nume\u00adrous long-stan\u00adding private equity inves\u00adtors, as well as newco\u00admers for the first time, to broa\u00adden their invest\u00adment focus and make commit\u00adments in dome\u00adstic and foreign private equity funds.<\/strong><\/p>\n

Inte\u00adres\u00adt\u00adingly, howe\u00adver, there are still no expli\u00adcit legal regu\u00adla\u00adti\u00adons in Germany on the taxa\u00adtion of dome\u00adstic private equity funds or with regard to the taxa\u00adtion of dome\u00adstic taxpay\u00aders when they invest in foreign private equity funds. The MoRaKG (\u201cAct to Moder\u00adnize the Frame\u00adwork Condi\u00adti\u00adons for Equity Invest\u00adments\u201d) and the Venture Capi\u00adtal Parti\u00adci\u00adpa\u00adtion Act (\u201cWKBG\u201d) were tenta\u00adtive attempts to create a legal frame\u00adwork, wher\u00adeby only some parts of the MoRaKG were imple\u00admen\u00adted and signi\u00adfi\u00adcant elements of the WKBG were declared inad\u00admis\u00adsi\u00adble by the EU Commis\u00adsion in Brussels under EU state aid aspects and were ther\u00ade\u00adfore not allo\u00adwed to be implemented.<\/p>\n

In the coali\u00adtion agree\u00adment for the 2013 \u2014 2017 legis\u00adla\u00adtive period, the German govern\u00adment once again mentio\u00adned the promo\u00adtion of venture capi\u00adtal to streng\u00adthen Germany as a finan\u00adcial center. Howe\u00adver, after this project was again not taken up and addres\u00adsed in the subse\u00adquent period, the German Private Equity and Venture Capi\u00adtal Asso\u00adcia\u00adtion (\u201cBVK\u201d) had deve\u00adlo\u00adped a legis\u00adla\u00adtive propo\u00adsal on its own initia\u00adtive and presen\u00adted a possi\u00adble venture capi\u00adtal law with signi\u00adfi\u00adcant and funda\u00admen\u00adtal regu\u00adla\u00adti\u00adons for the venture capi\u00adtal indus\u00adtry in spring 2015.<\/p>\n","protected":false},"featured_media":18969,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2454,2456,2464],"product_tag":[1398,1469,1476,1484,1656,1662,1665],"class_list":{"0":"post-43928","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-dr-christoph-ludwig","8":"product_cat-fyb-2018-en","9":"product_cat-thomas-unger-en","10":"product_tag-private-equity-funds","11":"product_tag-thomas-unger-en","12":"product_tag-tax-compliance-en","13":"product_tag-dr-christoph-ludwig-en","14":"product_tag-wkbg-en","15":"product_tag-return-on-investment-opportunity","16":"product_tag-morakg-en","17":"pa_ausgabe-deutsch-en","18":"pa_ausgabe-englisch-en","20":"first","21":"outofstock","22":"taxable","23":"shipping-taxable","24":"purchasable","25":"product-type-variable"},"yoast_head":"\nFormal Tax Compliance for Domestic and Foreign Private Equity Funds - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/formal-tax-compliance-with-in-and-foreign-private-equity-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Formal Tax Compliance for Domestic and Foreign Private Equity Funds - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The economic success and attractive return opportunities for private equity investments in conjunction with the extremely low interest rates on the capital markets, which have been close to zero for years, have motivated numerous long-standing private equity investors, as well as newcomers for the first time, to broaden their investment focus and make commitments in domestic and foreign private equity funds. Interestingly, however, there are still no explicit legal regulations in Germany on the taxation of domestic private equity funds or with regard to the taxation of domestic taxpayers when they invest in foreign private equity funds. The MoRaKG ("Act to Modernize the Framework Conditions for Equity Investments") and the Venture Capital Participation Act ("WKBG") were tentative attempts to create a legal framework, whereby only some parts of the MoRaKG were implemented and significant elements of the WKBG were declared inadmissible by the EU Commission in Brussels under EU state aid aspects and were therefore not allowed to be implemented. In the coalition agreement for the 2013 - 2017 legislative period, the German government once again mentioned the promotion of venture capital to strengthen Germany as a financial center. 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