{"id":399,"date":"2020-09-27T16:02:03","date_gmt":"2020-09-27T16:02:03","guid":{"rendered":"https:\/\/wordpressmu-456920-1430853.cloudwaysapps.com\/?page_id=399"},"modified":"2022-01-02T02:40:33","modified_gmt":"2022-01-01T17:40:33","slug":"blog","status":"publish","type":"page","link":"https:\/\/hls-global.de\/blog\/","title":{"rendered":"Articles"},"content":{"rendered":"\t\t
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Articles<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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HLS Global<\/a><\/span><\/span><\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tGerman Tax Updates in March 2024\u00a0\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tMarch 29, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

1. Uncertainties regarding Real Estate Transfer Tax have been eliminated <\/p>\n\n\n\n

2. Shareholder Managing Director : Private Use of Company Car is to be assumed<\/p>\n\n\n\n

3. Meals from the Employer as Non-Cash Benefits will apply from 2024<\/p>\n\n\n\n

4. New Income Limits for Parental Allowance (Elterngeld)<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tGerman Tax Updates in January 2024\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tJanuary 11, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

1. Update in Mandatory Electronic Invoicing.<\/p>\n\n\n\n

2. Gastronomy from 1st January, 2024: VAT Rate jumps back to 19%.<\/p>\n\n\n\n

3. Private use benefit from company cars: Changing the calculation method can save taxes.<\/p>\n\n\n\n

4. Due to increase in the annual income threshold as of 1st January, 2024: Reassess public health insurance obligation.<\/p>\n\n\n\n

5. Low-value assets.<\/p>\n\n\n\n

6. Special depreciation according to Section 7g Individual Tax Law.<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tGerman Tax Updates in November 2023\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tNovember 23, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

1. Improvement in company car taxation of electric vehicles planned from 2024.<\/p>\n\n\n\n

2. BFH decision on non-cash benefits from company car hire.<\/p>\n\n\n\n

3. Loss from the sale of significant shares of GmbH.<\/p>\n\n\n\n

4. BFH ruled on the legal situation related to GmbH insolvency.<\/p>\n\n\n\n

5. Treatment under income tax related to subsequent payment of social security contributions by means of a summation notice.<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tProvisional and conditional agreement on the CBAM\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tJanuary 23, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

The Council of the European Union reached a provisional and conditional agreement on the Carbon Border Adjustment Mechanism (CBAM) regulation.\u00a0 CBAM was proposed by the European Commission (\u201eEC\u201d) in July 2021 to prevent the risk of carbon leakage. The products of the following sectors will be covered by CBAM; iron and steel, cement, fertilizers, aluminium, electricity, and hydrogen, as well as some precursors and a limited number of downstream products. Indirect emissions would also be included in the regulation in a well-circumscribed manner.\u00a0<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tNegotiation position on the corporate sustainability due diligence directive was adopted by Council of the European Union\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tJanuary 16, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

On December 1, 2022, the Council of the European Union adopted its negotiation position on the corporate sustainability due diligence directive.\u00a0<\/p>\n\n\n\n

Similar regulations of supply chain due diligence have been enacted or implemented in multiple member states, such as Germany and France.  This directive will unify, if it would be implemented, supply chain acts regulations of the Member states. <\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tCSRD was approved by the Council of the European Union\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tJanuary 9, 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

On November 28, 2022, the Council of the European Union approved the corporate sustainability reporting directive (\u201eCSRD\u201c). There have been no significant updates from the version which was provisionally agreed upon by the Council and European Parliament in June 2022.\u00a0<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tHLS Global and AGS Consulting Establish Joint Venture\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tDecember 19, 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

A partnership created to empower Japanese companies to expand globally<\/em><\/p>\n\n\n\n

Torrance, CA, U.S.A. \/ Tokyo, Japan:<\/p>\n\n\n\n

On December 6, 2022, Hotta Liesenberg Saito LLP (HLS) and AGS Consulting Co., Ltd. (AGS) announced the establishment of a joint venture to provide a wide range of support services to Japanese companies expanding globally. In announcing this significant partnership, the two companies are sharing their vision, spirit, and resources while fully committed to the growth and success of all our clients.<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tTOMS (Tour Operators Margin Scheme) is excluded from German Value added tax (Umsatzsteuer)\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tOctober 5, 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

TOMS (Tour Operators Margin Scheme) is excluded from German Value added tax (Umsatzsteuer)<\/strong><\/p>\n\n\n\n

In January 2021, the German Federal Ministry of Finance published a clarification that the Tour Operators Margin Scheme (\u201eTOMS\u201d) shall not apply to non-EU companies that do not have a fixed establishment in the EU.<\/p>\n\n\n\n (more…)<\/span><\/a>\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\tHLS Global Group and HWS GmbH & Co. KG Form International Strategic Joint Venture\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\tSeptember 29, 2021\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\n

July 30, 2020<\/em><\/p>\n\n\n\n

Los Angeles, CA, U.S.A. \/ Stuttgart, Germany:<\/h2>\n\n\n\n

Today, Hotta Liesenberg Saito LLP, a leading international accounting, taxation, and business advisory firm, announced a new joint venture with HWS GmbH & Co. KG, a German full-service accounting, taxation, and business advisory firm with a rich history spanning nearly a century. This partnership will empower existing and new clients by creating new business opportunities for Japanese companies in Germany and for German companies globally.<\/p>\n\n\n\n

\u201cOur expertise is providing advisory services to Japanese companies operating around the globe. After starting in the U.S. 30 years ago and establishing offices in Japan, Mexico, and India, I\u2019m excited to partner with HWS to extend our service line to Germany and to the EU,\u201d says HLS Global Managing Partner Shunsuke Saito. \u201cWe always wanted to expand our presence in Europe, and recent developments, such as Brexit and the Japan-EU Economic Partnership Agreement, make it the perfect time to forge a joint venture with HWS, a company that shares our core value of building trusted relationships with our clients.\u201d<\/p>\n\n\n\n

\u201cBy expanding the HLS Global and HWS networks in Europe through this partnership, we can better serve Japanese and international clients in Germany by applying our regional expertise to handle all of their financial matters,\u201d says HWS Managing Partner Ingo Haug. \u201cWe\u2019ve noticed increasing demand from international customers in the German market, and we\u2019ve enjoyed an excellent working relationship with HLS Global. Both of our companies share a common mission of putting the happiness of our clients and employees first, and this joint venture is an opportunity to show that to the world.\u201d<\/p>\n\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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