AIFM-Taxation Bill declined

The bill ruling the taxation of newly established AIFM alternative investment funds did not pass the conciliation committee (Vermittlungsausschuss) of the Federal Parliament (Bundestag) and the Federal Council of Germany (Bundesrat) prior to the new election in September 2013. The legislative procedure now needs to be started again after establishing the new parliament.

In consequence newly established alternative investment funds should be taxed according to their respective legal form, i.e. trade tax and corporate tax, rather than be taxed as an investment vehicle.

Details can be obtained on request.

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