The IASB Ex­po­sure Draft “Fi­nan­cial In­stru­ments with Cha­rac­te­ristics of Equity - Pro­po­sed amend­ments to IAS 32, IFRS 7 and IAS 1” pro­po­ses amend­ments to IAS 32 in re­la­tion to the dis­tinc­tion bet­ween equity and lia­bi­li­ties and to IFRS 7 and IAS 1 on dis­clo­sure and pre­sen­ta­tion re­qui­re­ments to meet the in­crea­sed ac­coun­ting chal­len­ges po­sed by the more com­plex fi­nan­cial in­stru­ments. Also read about the amend­ments ad­op­ted by the EU to IAS 12 on glo­bal mi­ni­mum ta­xa­tion, amend­ments to IFRS 16 on sale and lease­back tran­sac­tions and amend­ments on IAS 1 on the clas­si­fi­ca­tion of lia­bi­li­ties with co­ven­ants, the IF­RIC up­dates since No­vem­ber 2023 and all fur­ther de­ve­lop­ments in the area of in­ter­na­tio­nal ac­coun­ting.

With the Mi­ni­mum Ta­xa­tion Di­rec­tive Im­ple­men­ta­tion Act of De­cem­ber 21, 2023, the EU re­qui­re­ments for the in­tro­duc­tion of a glo­bal mi­ni­mum tax were trans­po­sed into na­tio­nal law. As a re­sult, large me­dium-si­zed cor­po­rate groups are also ob­li­ged to check from the 2024 fi­nan­cial year whe­ther their pro­fits are sub­ject to an ef­fec­tive tax bur­den of at least 15 % world­wide. In ad­di­tion to any re­sul­ting ad­di­tio­nal tax bur­dens and high de­cla­ra­tion costs, com­pa­nies will be faced with ex­ten­sive in­ves­ti­ga­tive tasks in par­ti­cu­lar. Me­dium-si­zed com­pa­nies, which are of­ten struc­tu­red as part­nerships in Ger­many, have some ad­di­tio­nal spe­cial fea­tures to con­sider. In this bro­chure, RSM Eb­ner Stolz out­lines the main fea­tures of the glo­bal mi­ni­mum tax re­gu­la­ti­ons in Ger­many and dis­cus­ses the spe­cial fea­tures for me­dium-si­zed com­pa­nies.

As of 2024, large cor­po­rate groups have to as­sess for the first time the ex­tent to which a top-up tax is payable due to the re­qui­re­ments of the glo­bal mi­ni­mum tax (Pil­lar II). In this con­text, even if all group en­ti­ties are re­si­dent in ju­ris­dic­tions with a no­mi­nal cor­po­rate tax rate far above the mi­ni­mum tax rate of 15 %, the is­sue of the glo­bal mi­ni­mum tax is not sett­led. Howe­ver, tem­porary sim­pli­fi­ca­ti­ons might be ap­plica­ble. Our tool-ba­sed ap­proach with the RSM Eb­ner Stolz Tran­si­tio­nal CbCR Safe Har­bour Quick Check pro­vi­des an in­itial as­sess­ment.