Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National
Overview: The German Government announced that passive violations of limits of investment funds between 1 March 2020 and 30 April 2020 will not be considered a material breach of the laws regulating investment funds. The decision was made in light of the economic consequences of the COVID-19 pandemic.
Full details here: https://www.bundesfinanzministerium.de/Content/DE/Downloads/BMF_Schreiben/Steuerarten/Investmentsteuer/2020-04-09-invstementsteuerliche-massnahmen-zur-beruecksichtigung-der-wirtschaftlichen-folgen-der-COVID-19-pandemie.pdf?__blob=publicationFile&v=1