Crowe Munich

From the 2025 assessment period onwards, exit taxation will also apply to “significant” shares in (special) investment funds. This can lead to significant taxation of unrealized capital gains when leaving Germany or in the case of inheritances/gifts to non-taxpayers with unlimited tax liability.   Read the full article now: https://lnkd.in/ghrfrP8C

Are so-called internal transactions between the members of a VAT group taxable? The European Court of Justice (ECJ) has ruled on a preliminary reference from the Federal Fiscal Court that internal transactions between parent companies and subsidiaries are not taxable under the German VAT Act (UStG). The ECJ has thus confirmed that the German legislation is not contrary to EU law. Furthermore, it had to be clarified whether the answer to this question is different if the recipient of the supply is not (or only partially) entitled to deduct input tax. Read more: https://ow.ly/zYT950U21EQ #VAT #VATgrouping #VATgroup #wearecrowe #crowegermany #RWTbesserberaten

Our partner Dr. Lars Lüdemann was re-elected by Crowe Global as member of Crowe Global Board of Directors up to and including 2026. Congratulations on this great achievement!   This recognizes his outstanding work and commitment to our international Crowe Global network.   We wish Dr. Lars Lüdemann much fun and success in his new term and the challenges ahead.

The EnvisionTokyo Global Conference 2024 was very impressive. We look back on several days of many innovative lectures. The meeting opened with a keynote speech by Crowe Global CEO Kamel Abouchacra. New initiatives and upcoming innovations were presented and discussed at the conference. The role of collaboration and the atmosphere within the Crowe network were highlighted by “Working as One”.   The dynamics of this event, the fresh ideas and the intensive professional exchange have inspired us very much. We also had a great time together, especially at the karaoke evening.   A total of over 200 executives from the international network participated in the event hosted by our network partner Crowe Tokyo. Our partners Dr. Lars Lüdemann and Lorenz Neu were there from Kleeberg.   We would like to take this opportunity to express our sincere thanks to Crowe Tokyo for their hospitality. The days were extremely enriching and inspiring, both professionally and personally, as well as culturally. Thank you for these valuable experiences!

A Financial Fact Book (“FFB”) plays an important role in a Mergers and Acquisitions (“M&A”) project. It is a comprehensive document containing essential financial data and analyses relevant to a potential investor. If you want to learn more about the FBB and its purpose, please read the attached article, or visit our news portal: crowe-bpg.de/news #WeAreCrowe #CroweGermany #Advisory #Mergers #Aquisition #Financial #FinancialFactBook

On September 26, 2024, the European Court of Justice (ECJ) ruled that discount promotions based on misleading price information violate European law. The central question was how to correctly determine the “previous price” in the case of price reductions. This decision has far-reaching consequences for retailers, particularly for the design of discount promotions.   Read the full article now:  https://lnkd.in/eqSKHR9u #WeAreCrowe #CroweGermany #CroweMunich #ECJ #news #legal

Unsere Kollegen Lorenz Neu (Partner) und Sebastian Schöffel (Associate Manager) waren stellvertretend für unsere Kanzlei bei dem diesjährigen Crowe #DACH und #Europe #Audit Meeting in Wien vor Ort! Die Veranstaltung war eine fantastische Gelegenheit, wichtige Themen wie CSRD, ESG, Qualitätsmanagement und Künstliche Intelligenz in der Wirtschaftsprüfung zu diskutieren. Das Meeting bot eine ideale Plattform, um tiefere Einblicke in die aktuellen Herausforderungen und Entwicklungen der Branche zu gewinnen. Wir blicken auf zwei informative und inspirierende Tage zurück und freuen uns bereits auf zukünftige Gelegenheiten zum weiteren Austausch. Herzlichen Dank an die Ausrichter der Veranstaltung Crowe SOT Österreich. #WorkingAsOne 

Due to the massive rise in inflation rates in the post-coronavirus period and the war in Ukraine, the ECB raised its key interest rates ten times in succession between July 2022 and October 2023. Due to declining inflation in 2024, the key interest rate was cut for the first time in a long time to 4.25% in June 2024. At its most recent meeting on July 18, 2024, the ECB Governing Council upheld this decision in order to ensure that inflation returns to the medium-term target of 2.00%.   Read the full article now: https://lnkd.in/eMnvr_xU #WeAreCrowe #CroweGermany #CroweMunich #ECB #news #advisory #valuation Prof. Dr. Christian Zwirner, Sebastian Schöffel

Environmental, social and governance (#ESG) issues are becoming increasingly important in investment decisions. ESG due diligence not only serves as a risk analysis when acquiring a company; it also offers the seller the opportunity to minimise liability risks and increase the value of the company:   The quality and sustainability of a company's ESG performance cannot (currently) be assessed by looking at its financial statements alone. This can only be achieved by consistently integrating ESG issues into the due diligence process in preparation for acquiring a company or a stake in it. In the context of ESG due diligence as a transaction risk analysis, ESG experts and legal professionals thoroughly investigate sustainability-related risks as well as potential fines or reputational risks - such as #greenwashing.   From a seller's perspective, early benchmarking of relevant ESG criteria and appropriate measures to improve the company's ESG performance often result in a higher purchase price.   The results of ESG due diligence can therefore influence both the execution and the terms of a transaction such as the purchase price, its financing and the drafting of the contract.   The scope of an ESG due diligence is also case-specific and should consider industry and company specifics.   The basis of any ESG due diligence, from both a buyer's and seller's perspective, is the assessment and quality check of a company's ESG-related documentation. This provides information on how a company manages and documents ESG issues and the extent to which it complies with legal requirements.   European ESG frameworks such as the European Sustainability Reporting Standards (#ESRS), the Corporate Sustainability Reporting Directive (#CSRD), the Sustainable Finance Disclosure Regulation (#SFDR), the EU Taxonomy Regulation and the EU Supply Chain Directive (#CSDDD) provide guidance on the selection and collection of data.   For further information and individual advice on ESG and ESG in the context of mergers and acquisitions, please do not hesitate to contact us: https://lnkd.in/ekDT69Zp   #crowegermany #artofsmart #wearecrowe #duediligence #Transaction #Acquisition Crowe Global

Environmental, social and governance (#ESG) issues are becoming increasingly important in investment decisions. ESG due diligence not only serves as a risk analysis when acquiring a company; it also offers the seller the opportunity to minimise liability risks and increase the value of the company:   The quality and sustainability of a company's ESG performance cannot (currently) be assessed by looking at its financial statements alone. This can only be achieved by consistently integrating ESG issues into the due diligence process in preparation for acquiring a company or a stake in it. In the context of ESG due diligence as a transaction risk analysis, ESG experts and legal professionals thoroughly investigate sustainability-related risks as well as potential fines or reputational risks - such as #greenwashing.   From a seller's perspective, early benchmarking of relevant ESG criteria and appropriate measures to improve the company's ESG performance often result in a higher purchase price.   The results of ESG due diligence can therefore influence both the execution and the terms of a transaction such as the purchase price, its financing and the drafting of the contract.   The scope of an ESG due diligence is also case-specific and should consider industry and company specifics.   The basis of any ESG due diligence, from both a buyer's and seller's perspective, is the assessment and quality check of a company's ESG-related documentation. This provides information on how a company manages and documents ESG issues and the extent to which it complies with legal requirements.   European ESG frameworks such as the European Sustainability Reporting Standards (#ESRS), the Corporate Sustainability Reporting Directive (#CSRD), the Sustainable Finance Disclosure Regulation (#SFDR), the EU Taxonomy Regulation and the EU Supply Chain Directive (#CSDDD) provide guidance on the selection and collection of data.   For further information and individual advice on ESG and ESG in the context of mergers and acquisitions, please do not hesitate to contact us: https://lnkd.in/ekDT69Zp   #crowegermany #artofsmart #wearecrowe #duediligence #Transaction #Acquisition Crowe Global