Excluded Items
Excluded Entities: The following entities are excluded from the reporting obligation:
Governmental entities
International organizations
Non-profit organizations
Pension units
Investment vehicles that are ultimate parent entities
Real estate investment vehicles that are ultimate parent entities.
Conditional Exemptions: Entities may also be exempt from the reporting obligation if:
At least 95 percent of their shares are directly or indirectly held by one or more of the aforementioned excluded entities and they either primarily manage assets or invest funds for these entities or solely engage in ancillary activities.
Or if at least 85 percent of their shares are directly or indirectly held by one or more of the aforementioned excluded entities and they primarily generate profits or losses derived from the excluded entities.
Qualified Subsidiaries: A qualified subsidiary is also considered an excluded entity. It is defined as an entity whose entire equity shares are held by an excluded entity throughout the fiscal year, and whose revenues are less than 750 million euros and less than 25 percent of the consolidated revenues.
Deviation from Treatment: Upon request, a deviation from treatment as an excluded entity can be granted. The exercise of this option is subject to certain provisions under ยง 77 paragraph 2 of the law.
International Shipping
In this dialogue the relevant information to calculate the adjustments in regard to International Shipping is collected. At the current stage it is not connected to the Calculations.