In Germany, the financial statement accounts form the basis for the tax accounts.

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In Germany, the financial statement accounts are used as the basis for tax accounts. This means that companies must prepare and submit their financial statements according to local accounting standards, and then translate those results into a tax return that meets the requirements of the German tax authorities. This approach helps ensure consistency and accuracy in financial reporting, and helps companies comply with the complex tax regulations in Germany.

In Germany, the Financial Statement Accounts Form the Basis for the Tax