Germany revises company income tax rules with bumper adjustments

A change in the law passed on Friday makes it difficult for companies to reimburse withholding taxes under agreements.

Experts welcome some of the changes to the far-reaching amendment that modify various aspects of German corporate tax law, but also warn that they could also make audits more difficult.

The measure approved by the Federal Council is one of several major tax laws that the government of Chancellor Angela Merkel intends to sign before the elections in September.

The draft law now has to be signed by Federal President Frank-Walter Steinmeier. After this formality …