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The German Bundestag (parliament) on November 17 passed the ‘Growth Opportunities Act,’ submitted by the government. The Bundestag's legislative action foresees a new law introducing an investment grant for certain investments aiming to achieve energy savings, and making various adjustments to national and international tax law provisions. The Bundestag's legislative resolution differs in parts from the August 30, 2023 draft bill. 

Observation: Next, the Bundesrat, the German legislative body that represents German Federal States must pass the draft law. However, this is not guaranteed as there might remain political disagreements on various aspects of the draft law. 

This PwC Tax Insight focuses on the significant changes with respect to the rules limiting the interest deduction.