Insights

The AIFM Directive (“AIFMD”) was modernised in March 2024 by “AIFMD 2.0”. After the originally planned Fund Market Strengthening Act (Fondsmarktstärkungsgesetz) was dropped, implementation is now taking place through the Fund Risk Limitation Act (Fondsrisikobegrenzungsgesetz). The Federal Ministry...

The VAT treatment of crypto transactions is currently marked by significant uncertainty, as the tax authorities have so far only issued guidance on the taxation of Bitcoin and comparable virtual currencies (cf. Circular issued by the German Federal Ministry of Finance dated 27 February 2018 – III C...