The German Ministry of Finance recently changed their rules re: maintenance of books and records for tax (including customs) purposes. The GoBD compliance provisions are especially important in acquiring businesses with German locations, digital technology, changing systems, moving/dissolving German entities and reviewing current documentation rules for multinationals operating in Germany. Upon audit, German tax authorities will ensure this compliance is verified.
These rules are similar to other EU rules for maintaining records in the country, and should always be a diligence item for M&A, ERP system conversions, etc.
Strategizing Multinational Tax Risks 
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