Search
deen

Tax Advice

Provisional list of states for the automatic exchange of information on financial accounts for tax purposes

On 30 Sep­tem­ber 2023 , in­for­ma­tion on fi­nan­cial ac­counts in tax mat­ters will be au­to­ma­ti­cally ex­chan­ged bet­ween the Fe­deral Cen­tral Tax Of­fice and the com­pe­tent aut­ho­ri­ties of the par­ti­ci­pa­ting sta­tes. For this pur­pose, the Fe­deral Mi­nis­try of Fi­nance has publis­hed an up­dated preli­mi­nary list of sta­tes.

The Fe­deral Mi­nis­try of Fi­nance let­ter da­ted Fe­bru­ary, 23 2023 (Ger­man ver­sion) lists the sta­tes with which the au­to­ma­tic ex­change of in­for­ma­tion on fi­nan­cial ac­counts (AEOI) is ex­pec­ted to take place on Sep­tem­ber, 30 2023. Com­pa­red to the pre­vious year's list, Mol­dova, Thai­land and Ukraine, among others, have been ad­ded. Howe­ver, data trans­mis­sion to the Rus­sian Fe­dera­tion is cur­rently sus­pen­ded.

Note: In Ger­many, the re­por­ting fi­nan­cial in­sti­tu­ti­ons will elec­tro­ni­cally trans­mit the fi­nan­cial ac­count data to the Fe­deral Cen­tral Tax Of­fice by July, 31 2023, which will then be ex­chan­ged with the tax aut­ho­ri­ties of the par­ti­ci­pa­ting sta­tes in ac­cor­dance with the fi­nal 2023 state ex­change list, which is ex­pec­ted to be an­noun­ced by the Fe­deral Mi­nis­try of Fi­nance at the end of June 2023.

 

06.03.2023 back to top

Related Topics

Glo­bal Mi­ni­mum Tax: A chal­lenge for large groups

From fi­nan­cial year 2024 on­wards, large groups must ex­amine the ex­tent to which an ad­di­tio­nal tax (so-cal­led top-up tax) is payable due to the re­qui­re­ments of the glo­bal mi­ni­mum tax. Even if all group en­ti­ties are ba­sed in coun­tries with a no­mi­nal cor­po­rate tax rate well above the mi­ni­mum tax rate of 15 %, the glo­bal mi­ni­mum tax may ne­vert­he­less lead to an ad­di­tio­nal tax or at least ad­mi­nis­tra­tive bur­den. Howe­ver, tem­porary safe har­bour ru­les may re­duce the ad­mi­nis­tra­tive bur­den in many ca­ses.  ...read more