Germany: Electronic filing of accounts for German tax purposes under the so-called “E-Bilanz” becomes mandatory
Real Estate Tax Services Newsalert ()
From 2013 onwards, taxpayers who prepare financial statements must file their accounts electronically in a specialised set format provided by the German tax authorities. The adaptation of this new standardised format will have a huge impact on tax payers and the tax return preparation process and is expected to be complex and demanding. To ensure an efficient implementation of the new format, tax payers should start their preparation for adaption early.
