In keeping with tradition, there will once again be an Annual Tax Act („JStG“) in 2024, in which a large number of laws will be amended and new regulations enacted. The Bundestag passed this JStG 2024 on 18 October 2024 and forwarded it to the Bundesrat for approval. The latter is expected to pass a resolution on 22 November 2024 so that the law can then be promulgated.
We have summarised some of the legislative changes that are particularly relevant for private clients in this newsletter. Please note, however, that the changes outlined can only take effect after approval by the Federal Council and promulgation of the law; until then, these are only provisional indications.