Mandatory reporting of domestic tax arrangements through the planned Growth Opportunity Act

On July 17, 2023, the German Federal Ministry of Finance (BMF) published a draft bill on a law to strengthen growth opportunities, investment and innovation as well as tax simplification and tax fairness (Growth Opportunities Act). Among other things, this draft provides for the introduction of a notification requirement for domestic tax arrangements. In the following, we will explain the innovations planned with this bill and, in particular, shed light on the prerequisites and effects of a reporting obligation.