Current updates on taxes and tax office in February 2024
- Patricia Lederer
- Feb 21, 2024
- 2 min read
New laws and rulings in tax law - What you should know!
Tax Tips & Tricks
February 21, 2024
In our latest issue of the TaxPro Newsletter, we highlight key developments and innovations that might be of interest to you. We particularly address the current challenges surrounding property valuation under the new real estate tax law, the successful suspension of enforcement in specific cases, and the strict requirements for digital logbook programs. These topics, along with updates on the Growth Opportunities Act, important tax return deadlines, and insights into sustainability and corporate responsibility, form the focus of our issue. The goal is to provide you with a comprehensive picture of the tax landscape and best prepare you for the coming months.
In focus of this issue:
Property valuation under the new law:
Recently, there have been cases where enforcement against property valuations was successfully suspended under the new property tax and valuation law. This development could have significant implications for property owners and deserves special attention.
Logbook programs:
The use of digital logbook software is subject to strict requirements. To be tax-deductible, these programs must be seamless and tamper-proof. It's important to familiarize yourself with these requirements to avoid problems with the tax deductibility of vehicle expenses.
Growth Opportunities Act:
The planned tax relief and investment incentives under the Growth Opportunities Act have been put on hold. This raises questions regarding the timing of implementation and the specific impact on businesses and individuals. Close monitoring of political developments is therefore advisable.
Tax return deadlines:
The deadlines for filing tax returns for 2022 and 2023 remain a critical time for all taxpayers. Late filing can result in unnecessary late fees, so it's important to keep an eye on these dates and plan accordingly.
Tax relief:
The VAT exemption for photovoltaic systems with energy storage represents a significant change that promotes sustainable investments. It is important to understand the specific requirements and procedures for claiming this exemption to maximize financial benefits.
But how do taxpayers and their advisors keep track of this? What applies to whom and when?
It's easy: With the TaxPro newsletter. Here you'll find all the information you need on current tax topics. For employers and employees, entrepreneurs and freelancers, capital income earners, homeowners, and GmbH shareholders and managing directors.
Please also visit our YouTube channel: www.taxpro.tv .
And if you need advice, we're happy to help. You can book an appointment here: Individual initial consultation
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