Tag Archives: Beneficial Owner Register Act

Has your WiEReG-Registration been filed yet? Tax authorities are sending threat of enforcement fines!

After a de facto prolongation to August 16th, 2018, the deadline for initial registrations with the Beneficial Owner Register Act has expired (see our article of August 6th, 2018). Legal entities that have not fulfilled their legal obligations of identifying their beneficial owners and enlisting them in the register are receiving mail of their competent tax office these days. These letters which are dubbed “Reminders” are not merely well-meant calls for action, but they also contain a threat of enforcement fines.

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