• Mehr als 3 Millionen Wörter Inhalt
  • |
  • info@itmedialaw.com
  • |
  • Tel: 03322 5078053
Rechtsanwalt Marian Härtel - ITMediaLaw

No products in the cart.

  • en English
  • de Deutsch
  • Informationen
    • Ideal partner
    • About lawyer Marian Härtel
    • Quick and flexible access
    • Principles as a lawyer
    • Why a lawyer and business consultant?
    • Focus areas of attorney Marian Härtel
      • Focus on start-ups
      • Investment advice
      • Corporate law
      • Cryptocurrencies, Blockchain and Games
      • AI and SaaS
      • Streamers and influencers
      • Games and esports law
      • IT/IP Law
      • Law firm for GMBH,UG, GbR
      • Law firm for IT/IP and media law
    • The everyday life of an IT lawyer
    • How can I help clients?
    • Testimonials
    • Team: Saskia Härtel – WHO AM I?
    • Agile and lean law firm
    • Price overview
    • Various information
      • Terms
      • Privacy policy
      • Imprint
  • Services
    • Support and advice of agencies
    • Contract review and preparation
    • Games law consulting
    • Consulting for influencers and streamers
    • Advice in e-commerce
    • DLT and Blockchain consulting
    • Legal advice in corporate law: from incorporation to structuring
    • Legal compliance and expert opinions
    • Outsourcing – for companies or law firms
    • Booking as speaker
  • News
    • Gloss / Opinion
    • Law on the Internet
    • Online retail
    • Law and computer games
    • Law and Esport
    • Blockchain and web law
    • Data protection Law
    • Copyright
    • Labour law
    • Competition law
    • Corporate
    • EU law
    • Law on the protection of minors
    • Tax
    • Other
    • Internally
  • Podcast
    • ITMediaLaw Podcast
  • Knowledge base
  • Videos
    • Information videos – about Marian Härtel
    • Videos – about me (Couch)
    • Blogpost – individual videos
    • Videos on services
    • Shorts
    • Podcast format
    • Third-party videos
    • Other videos
  • Contact
Kurzberatung
  • Informationen
    • Ideal partner
    • About lawyer Marian Härtel
    • Quick and flexible access
    • Principles as a lawyer
    • Why a lawyer and business consultant?
    • Focus areas of attorney Marian Härtel
      • Focus on start-ups
      • Investment advice
      • Corporate law
      • Cryptocurrencies, Blockchain and Games
      • AI and SaaS
      • Streamers and influencers
      • Games and esports law
      • IT/IP Law
      • Law firm for GMBH,UG, GbR
      • Law firm for IT/IP and media law
    • The everyday life of an IT lawyer
    • How can I help clients?
    • Testimonials
    • Team: Saskia Härtel – WHO AM I?
    • Agile and lean law firm
    • Price overview
    • Various information
      • Terms
      • Privacy policy
      • Imprint
  • Services
    • Support and advice of agencies
    • Contract review and preparation
    • Games law consulting
    • Consulting for influencers and streamers
    • Advice in e-commerce
    • DLT and Blockchain consulting
    • Legal advice in corporate law: from incorporation to structuring
    • Legal compliance and expert opinions
    • Outsourcing – for companies or law firms
    • Booking as speaker
  • News
    • Gloss / Opinion
    • Law on the Internet
    • Online retail
    • Law and computer games
    • Law and Esport
    • Blockchain and web law
    • Data protection Law
    • Copyright
    • Labour law
    • Competition law
    • Corporate
    • EU law
    • Law on the protection of minors
    • Tax
    • Other
    • Internally
  • Podcast
    • ITMediaLaw Podcast
  • Knowledge base
  • Videos
    • Information videos – about Marian Härtel
    • Videos – about me (Couch)
    • Blogpost – individual videos
    • Videos on services
    • Shorts
    • Podcast format
    • Third-party videos
    • Other videos
  • Contact
Rechtsanwalt Marian Härtel - ITMediaLaw

No tax exemption according to § 11 para. 1 Sentence 2 InvStG for foreign investment funds

7. November 2022
in Tax
Reading Time: 2 mins read
0 0
A A
0
taxes 653255 1920
Key Facts
  • The Hessian Tax Court ruled that the tax exemption only applies to domestic investment funds.
  • The complaint concerned the validity of Section 11 InvStG with regard to the free movement of capital.
  • Société d'Investissement à Capital Variable sued for reimbursement of the capital gains tax.
  • The court dismissed the claim and did not see any refund claims for foreign funds.
  • The different treatment of funds is justified by coherence in line with European law.
  • A balanced distribution of taxation is ensured by the transparency principle.
  • The ruling is not yet legally binding and an appeal to the Federal Fiscal Court is pending.

The tax exemption provision of Section 11 para. 1 sentence 2 InvStG old version is compatible with the free movement of capital. This was decided by the Hessian Fiscal Court.

The parties essentially dispute whether Sec. 11 InvStG in the versions applicable in the years 2009 to 2013 violates the free movement of capital.

The plaintiff was a Luxembourg-based Société d’Investissiment á Capital Variable (SICAV) in the legal form of a Société Anonyme (S.A.). It held shares in German companies and, without having a branch in Germany, received distributions from domestic corporations in the years 2009 to 2013, on which – taking into account the refund procedure based on the DBA-Luxembourg and carried out by the plaintiff’s custodian bank – 15% capital gains tax was attributable as a result. The plaintiff unsuccessfully applied for a refund of these capital gains taxes. In support of its claim, it argued that Sec. 11 InvStG only exempts domestic investment funds from taxation in a manner contrary to European law.

The Hessian Tax Court dismissed the action as unfounded. The plaintiff is not entitled to a (capital gains tax) refund. As a foreign investment fund, it does not fall under the national tax exemption provision of Section 11 (1) of the German Income Tax Act, which applies only to domestic investment funds. 1 sentence 2 InvStG.

The different treatment of domestic and foreign investment funds does not constitute a violation of the free movement of capital guaranteed under European law.
It is true that there is unequal treatment of foreign and domestic investment funds due to the provision in Section 11 para. 1 InvStG, but this is justified by consistency and the need to maintain a balanced division of taxation powers.

Coherence requires the balancing of advantages and disadvantages within the framework of an overall consideration involving the shareholder, whereby the balancing must neither be understood mathematically nor must occur in the same person. Due to the transparency principle applicable to domestic fund taxation, there is a direct connection between the taxation of the investment fund and the shareholder, so that the taxation of the shareholder must be included in the comparative analysis of the tax burden.

Taking into account the taxation of the shareholder, a balanced allocation of taxation powers is maintained by the national exemption provision within the framework of an overall view. This is because the unit of fund and unit holder is only charged once in the result when the imputation rules are included. Within the scope of the comparative analysis, not only a differentiation between domestic and foreign investment funds had to be made, but also a differentiation according to whether the shareholder was a tax resident or a tax non-resident and whether he or she participated in a domestic or foreign investment fund.

Any remaining unequal treatment with regard to the tax credit would have to be resolved, in accordance with the principle of proportionality, primarily by an interpretation in conformity with European law, in this case of Sec. 4 (4) of the German Income Tax Act. 2 InvStG, to be offset.

In the opinion of the Senate, the provision is also in conformity with European law against the background of recent ECJ case law.

The judgment of 21.08.2019 is not yet final. The appeal has been lodged with the Federal Fiscal Court under Ref. I R 1/20 pending.

Marian Härtel
Author: Marian Härtel

Marian Härtel ist Rechtsanwalt und Fachanwalt für IT-Recht mit einer über 25-jährigen Erfahrung als Unternehmer und Berater in den Bereichen Games, E-Sport, Blockchain, SaaS und Künstliche Intelligenz. Seine Beratungsschwerpunkte umfassen neben dem IT-Recht insbesondere das Urheberrecht, Medienrecht sowie Wettbewerbsrecht. Er betreut schwerpunktmäßig Start-ups, Agenturen und Influencer, die er in strategischen Fragen, komplexen Vertragsangelegenheiten sowie bei Investitionsprojekten begleitet. Dabei zeichnet sich seine Beratung durch einen interdisziplinären Ansatz aus, der juristische Expertise und langjährige unternehmerische Erfahrung miteinander verbindet. Ziel seiner Tätigkeit ist stets, Mandanten praxisorientierte Lösungen anzubieten und rechtlich fundierte Unterstützung bei der Umsetzung innovativer Geschäftsmodelle zu gewährleisten.

Tags: BankCase lawCorporationFederal Fiscal CourtInvestmentLawsuit

Weitere spannende Blogposts

AI-generated videos

192×192
13. August 2024

A few days ago, I threw myself into an exciting new project: AI-generated videos for itmedialaw.com. As an avid proponent...

Read moreDetails

OLG Köln makes extensive claim for information under GDPR

LG Munich: Data protection consent on dating platform
1. August 2019

In a judgment of 26.07.2019, the OLG Köln interpreted the right to information from the General Data Protection Regulation very...

Read moreDetails

Interpretation of ambiguous statements must be made clear

Interpretation of ambiguous statements must be made clear
7. November 2022

If a statement can be interpreted differently, the person who reproduces the statement in a publication is obliged to indicate...

Read moreDetails

BGH refers YouTube dispute to the ECJ

ECJ: Advocate General assesses sampling as copyright infringement
7. November 2022

The I. Civil Senate of the German Federal Court of Justice, which is responsible among other things for copyright law,...

Read moreDetails

BGH to decide on Yelp reviews in January

No more free tissues at the pharmacy?
20. November 2019

Facts The applicant claims that Yelp is injunctive relief, determination and damages for its assessment representations. As many will know,...

Read moreDetails

BGH refers “cheat software” for game consoles to the ECJ

BGH considers Uber Black to be anti-competitive
23. February 2023

The I. Civil Senate of the Federal Court of Justice, which is responsible among other things for copyright law, has,...

Read moreDetails

Data protection ruling: Important information for craftsmen and service providers on contact forms

Data protection ruling: Important information for craftsmen and service providers on contact forms
24. May 2023

Core of the judgment In a remarkable ruling, with the file number 17 O 125/23, the Regional Court of Cologne...

Read moreDetails

BGH decides on the scope of the claim for removal under competition law)

BGH considers Uber Black to be anti-competitive
17. May 2024

The First Civil Senate of the Federal Court of Justice, which is responsible for competition law among other things, has...

Read moreDetails

Cologne Regional Court upholds strict influencer jurisprudence

Advertising with self-evident facts
7. November 2022

There is already a lot of content on my blog about the question of whether and when influencers and streamers...

Read moreDetails
dora

DORA

28. June 2023

Introduction In today's digitized world, financial services are increasingly dependent on technology. This has led the European Union to propose...

Read moreDetails
Bundesverwaltungsgericht

Bundesverwaltungsgericht

27. June 2023
362a601b 8be0 4ab6 972c 9fdafcbba63a 20383572

Factoring

29. March 2025
5707e639baf6168c197f5c583024f99e

Balance sheet

10. November 2024
Transfer of Funds Regulation (ToFR

Transfer of Funds Regulation (ToFR

9. February 2025

Podcast Folgen

Web3, Blockchain und Recht – Eine kritische Bestandsaufnahme

Web3, Blockchain und Recht – Eine kritische Bestandsaufnahme

25. September 2024

  In dieser aufschlussreichen Episode des ITmedialaw-Podcasts wird ein tiefgehender Blick auf die Schnittstelle von Web3, Blockchain-Technologie und Recht geworfen....

Rechtliche Herausforderungen und Chancen durch KI-Influencer und virtuelle Mitarbeitende

Rechtliche Herausforderungen und Chancen durch KI-Influencer und virtuelle Mitarbeitende

19. April 2025

In dieser Episode wird die rechtliche Einordnung von virtuellen Mitarbeitenden und KI-Influencern im Marketing untersucht. Der Fokus liegt auf den...

Rechtliche Beratung für Startups – Investitionen, die sich lohnen

Rechtliche Beratung für Startups – Investitionen, die sich lohnen

17. November 2024

In dieser Episode des ITmedialaw.com Podcasts dreht sich alles um die Bedeutung rechtlicher Beratung für Startups. Host Marian Härtel spricht...

Legal challenges when implementing confidential computing: data protection and encryption in the cloud

Smart Contracts und Blockchain

22. December 2024

In dieser fesselnden Podcast-Episode tauch ich tief in die Welt der Blockchain-Technologie und Smart Contracts ein. Die 25-minütige Folge beleuchtet,...

  • Privacy policy
  • Imprint
  • Contact
  • About lawyer Marian Härtel
Marian Härtel, Rathenaustr. 58a, 14612 Falkensee, info@itmedialaw.com

Marian Härtel - Rechtsanwalt für IT-Recht, Medienrecht und Startups, mit einem Fokus auf innovative Geschäftsmodelle, Games, KI und Finanzierungsberatung.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Informationen
    • Ideal partner
    • About lawyer Marian Härtel
    • Quick and flexible access
    • Principles as a lawyer
    • Why a lawyer and business consultant?
    • Focus areas of attorney Marian Härtel
      • Focus on start-ups
      • Investment advice
      • Corporate law
      • Cryptocurrencies, Blockchain and Games
      • AI and SaaS
      • Streamers and influencers
      • Games and esports law
      • IT/IP Law
      • Law firm for GMBH,UG, GbR
      • Law firm for IT/IP and media law
    • The everyday life of an IT lawyer
    • How can I help clients?
    • Testimonials
    • Team: Saskia Härtel – WHO AM I?
    • Agile and lean law firm
    • Price overview
    • Various information
      • Terms
      • Privacy policy
      • Imprint
  • Services
    • Support and advice of agencies
    • Contract review and preparation
    • Games law consulting
    • Consulting for influencers and streamers
    • Advice in e-commerce
    • DLT and Blockchain consulting
    • Legal advice in corporate law: from incorporation to structuring
    • Legal compliance and expert opinions
    • Outsourcing – for companies or law firms
    • Booking as speaker
  • News
    • Gloss / Opinion
    • Law on the Internet
    • Online retail
    • Law and computer games
    • Law and Esport
    • Blockchain and web law
    • Data protection Law
    • Copyright
    • Labour law
    • Competition law
    • Corporate
    • EU law
    • Law on the protection of minors
    • Tax
    • Other
    • Internally
  • Podcast
    • ITMediaLaw Podcast
  • Knowledge base
  • Videos
    • Information videos – about Marian Härtel
    • Videos – about me (Couch)
    • Blogpost – individual videos
    • Videos on services
    • Shorts
    • Podcast format
    • Third-party videos
    • Other videos
  • Contact
  • en English
  • de Deutsch
Kostenlose Kurzberatung