Update: Draft bill to amend the Tax Consultancy Act without stricter restrictions on third-party ownership approved
On January 14, 2026, the German Federal Cabinet approved a draft of the Ninth Act Amending the Tax Consultancy Act. However, compared to the draft bill originally published by the Federal Ministry of Finance in August 2025 (we reported), the cabinet draft now approved no longer provides for a tightening of the ban on third-party ownership. Based on this draft, financial investors will therefore still be able to hold stakes in tax consulting companies.
Further parliamentary deliberations remain to be seen. Should any changes arise during the legislative process, we will report on them in a timely manner.
