Paul Chater and Ladislav Hanak met the Bundeszentralamt für Steuern (German Federal Central Tax Office) in Bonn on 10 March 2014. Four IPT (Insurance Premium Tax)/FPT (Fire Protection Tax) officers attended the meeting including the Head of the Department and the officers who we deal with on a day to day basis. The meeting took two and a quarter hours and covered a range of technical and industry matters (Life and Non-Life). The meeting was very constructive and allowed FiscalReps to clarify and confirm its understanding of the German IPT/FPT regime, including the recent amendments to the IPT and FPT legislation, and address industry concerns.
Furthermore, the meeting provided us with the insight as to how the tax authorities operate. Namely, the Federal Central Tax Office is not allowed to provide any specific advice, and this was the case during the meeting, unless processed through the correct channels. One of the main functions of the German Tax Office, as a part of the financial administration, is to administer taxes. This meeting also gave us the opportunity to discuss relevant IPT case law.
We found the meeting very beneficial in developing a close relationship with the tax authorities and ensuring our Clients are compliant in Germany. We will keep you updated on any developments.