{"id":44296,"date":"2017-08-01T04:16:36","date_gmt":"2017-08-01T02:16:36","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/tax-compliance-for-private-equity-funds-current-developments\/"},"modified":"2017-08-01T04:16:36","modified_gmt":"2017-08-01T02:16:36","slug":"tax-compliance-in-private-equity-funds-current-developments","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/tax-compliance-in-private-equity-funds-current-developments\/","title":{"rendered":"Tax Compliance for Private Equity Funds \u2014 Current Developments"},"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 and Certi\u00adfied Public Accoun\u00adtant BLL Braun Leber\u00adfin\u00adger Ludwig, Munich<\/p>\n","protected":false},"excerpt":{"rendered":"

Open ques\u00adti\u00adons as well as various inno\u00adva\u00adtions and chan\u00adges in the area of formal tax compli\u00adance occupy dome\u00adstic and foreign private equity funds and their inves\u00adtors on an almost daily basis. The current deve\u00adlo\u00adp\u00adments on selec\u00adted topics of formal tax compli\u00adance are outlined below.<\/strong><\/p>\n

The sepa\u00adrate and uniform deter\u00admi\u00adna\u00adtion of the bases of taxa\u00adtion from foreign part\u00adner\u00adships in which seve\u00adral (dome\u00adstic) taxpay\u00aders have an inte\u00adrest has gained considera\u00adble importance, not least due to the decis\u00adion of the German Fede\u00adral Fiscal Court (\u201cBFH\u201d) of August 2011, in which the BFH commen\u00adted for the first time on the quali\u00adfi\u00adca\u00adtion of the acti\u00advi\u00adties of a private equity fund.<\/p>\n

Also with regard to the requi\u00adred noti\u00adfi\u00adca\u00adtion of the acqui\u00adsi\u00adtion of inte\u00adrests in foreign part\u00adner\u00adships and corpo\u00adra\u00adti\u00adons by dome\u00adstic natu\u00adral persons and corpo\u00adra\u00adti\u00adons, further previously unre\u00adsol\u00adved issues have been clari\u00adfied in the mean\u00adtime follo\u00adwing inten\u00adsive discus\u00adsions with the tax authorities.<\/p>\n

In connec\u00adtion with the U.S. Foreign Account Tax Compli\u00adance Act (\u201cFATCA\u201d), with which the U.S. would like to record the world\u00adwide, i.e. in parti\u00adcu\u00adlar the foreign income of U.S. taxpay\u00aders comple\u00adtely and without gaps, some relief is curr\u00adently emer\u00adging through the draft of an inter\u00adgo\u00advern\u00admen\u00adtal agree\u00adment between the U.S. and the finance minis\u00adtries of the G\u20115 count\u00adries. This presen\u00adta\u00adtion of current deve\u00adlo\u00adp\u00adments on selec\u00adted topics of formal tax compli\u00adance is an update of the artic\u00adles covered in the FYB Finan\u00adcial Year\u00adBook in previous years.<\/p>\n

    \n
  1. Sepa\u00adrate and uniform deter\u00admi\u00adna\u00adtion of income from foreign part\u00adner\u00adships in which seve\u00adral dome\u00adstic taxpay\u00aders parti\u00adci\u00adpate \u2014 rele\u00advance of income qualification<\/strong><\/li>\n<\/ol>\n

    The trend high\u00adligh\u00adted in the FYB Finan\u00adcial Year\u00adBook 2010, accor\u00adding to which the tax autho\u00adri\u00adties are incre\u00adasingly approa\u00adching indi\u00advi\u00addual German inves\u00adtors and reques\u00adt\u00ading them to submit a sepa\u00adrate and uniform decla\u00adra\u00adtory state\u00adment, has acce\u00adle\u00adra\u00adted in the recent past. In daily consul\u00adting prac\u00adtice, a considera\u00adble increase in such requests can be obser\u00adved. In this context, the tax autho\u00adri\u00adties have also star\u00adted to inform the inves\u00adtor cont\u00adac\u00adted of the other German inves\u00adtors known to the tax autho\u00adri\u00adties and, with refe\u00adrence to the rele\u00advant statu\u00adtory provi\u00adsi\u00adons in the Tax Code,<\/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":[2452,2454,2464,2604],"product_tag":[1476,1892,1899,1903,1910,2223,2228],"class_list":{"0":"post-44296","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-thomas-unger-en","9":"product_cat-fyb-2013-en","10":"product_tag-tax-compliance-en","11":"product_tag-ludwig-en","12":"product_tag-christoph-en","13":"product_tag-unger-en","14":"product_tag-thomas-en","15":"product_tag-tax-bases","16":"product_tag-declaration-of-assessment","17":"pa_sprache-english-3","18":"pa_sprache-german","20":"first","21":"outofstock","22":"taxable","23":"shipping-taxable","24":"purchasable","25":"product-type-variable"},"yoast_head":"\nTax Compliance for Private Equity Funds - Current Developments - 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\/tax-compliance-in-private-equity-funds-current-developments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Compliance for Private Equity Funds - Current Developments - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Open questions as well as various innovations and changes in the area of formal tax compliance occupy domestic and foreign private equity funds and their investors on an almost daily basis. The current developments on selected topics of formal tax compliance are outlined below. The separate and uniform determination of the bases of taxation from foreign partnerships in which several (domestic) taxpayers have an interest has gained considerable importance, not least due to the decision of the German Federal Fiscal Court ("BFH") of August 2011, in which the BFH commented for the first time on the qualification of the activities of a private equity fund. Also with regard to the required notification of the acquisition of interests in foreign partnerships and corporations by domestic natural persons and corporations, further previously unresolved issues have been clarified in the meantime following intensive discussions with the tax authorities. In connection with the U.S. Foreign Account Tax Compliance Act ("FATCA"), with which the U.S. would like to record the worldwide, i.e. in particular the foreign income of U.S. taxpayers completely and without gaps, some relief is currently emerging through the draft of an intergovernmental agreement between the U.S. and the finance ministries of the G-5 countries. This presentation of current developments on selected topics of formal tax compliance is an update of the articles covered in the FYB Financial YearBook in previous years. Separate and uniform determination of income from foreign partnerships in which several domestic taxpayers participate - relevance of income qualification The trend highlighted in the FYB Financial YearBook 2010, according to which the tax authorities are increasingly approaching individual German investors and requesting them to submit a separate and uniform declaratory statement, has accelerated in the recent past. 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