Recent Developments on the Deductibility of Foreign Permanent Establishment Losses in Germany

Journal
Author
Perdelwitz, A.
Country
Germany
Published Date
Issue
European Taxation 2011 (Volume 51), No. 1
FormatPDF
EUR
45
| USD
50 (VAT excl.)

In this note, the author reviews recent decisions of the Federal Finance Court regarding the tax treatment of losses incurred by foreign permanent establishments. On 9 June 2010, in two decisions relating to the deductibility of foreign permanent establishment losses, the Federal Finance Court commented on whether or not such losses should be taken into account and if so, in which tax year they should be deducted.