Search the Community

Showing results for tags 'tax'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Group


Website


Location


Nationality


Hometown


Gender


Year of birth

Found 21 results

  1. covid tax

    Hello TT-ers, I moved during the pandemic from my single apartment to live with my sibling in another city, while keeping my old office job and continuing to Work From Home. Can this be filed under work-related moves for tax refund?   It was not possible for me to Work From Home in the previous city because of : bad internet in the apartment buidling have an email from the landlord stating they won't renew the cables work-from-home was recommended by my employer (have official documentations) not wanting to live alone during the lockdown   Officially, the distance to my workplace actually increased and I haven't changed my employer nor has my employer changed its location.   I would guess this was a common response to WFH (moving back home/ moving back with parents). Would appreciate any tips/comments/experiences. Thanks!
  2. Hello, I'm an Indian currently in Berlin for 2+ years with a valid EU blue card. My wife has a valid residence permit. Currently, she is a homemaker and does not earn anything and I'm in tax class 3 while my wife is in tax class 5. She is currently in talks with a US-based company that will give her a minimum of 30 hours/week based contract in the software IT field for 15$/hour. I'm trying to understand if she is allowed to work in a non-German-based company on her current spouse residence permit? Or she have to get a freelance visa or register as a freelance here?  Or she just to inform the finanzamt? Since the company won't deduct any taxes, she would need to sort anything out related to bureaucracy. The company is also fine in paying her directly to my Indian account and she working from Germany. Can she use this to NOT register here as a freelance somehow and then at the end of the year pay the taxes here in Germany as her extra Indian income and not get into the circus of health insurance? Also how she needs to take care of Health insurance? Currently, she is insured on my TK family public insurance. Please help us asap.
  3. German Tax Question HELP!

    So long story short, I worked in Germany from Jan until July of this year. Due to some odd things that occurred (my employer went bankrupt and that state apparently had to cover my wages, I think they called it "Insolvenzgeld") I am required to file taxes. Obviously I don't want to ignore this as the last thing I want is to go to jail or pay a hefty fine once I return to Germany. I am back in the USA and am trying to login with ELSTER (I was able to file my taxes online through them last year without any issues, I'm not why I am unable to login again...), however as far as I understand, since I am outside of Germany I am unable to process my registration. or at least it returns this error message: Es ist ein Fehler aufgetreten Die Bearbeitung ist gescheitert aufgrund Ihrer vorliegenden Meldedaten. Bitte wenden Sie sich an die in Ihrem Land für die Betreuung von ELSTER zuständige Stelle. Eine Aufstellung finden Sie im Info-Assistenten. Sollten Sie aus dem Ausland im Rahmen der Registrierung einen Antrag auf das Abrufen von Bescheinigungen gestellt haben, kann der Antrag bei einer Zertifikatsdatei technisch nicht umgesetzt werden. Bitte registrieren Sie sich hierfür mit "Sicherheitsstick". Exception UID: y3degs-upii44 Is there anything I can do in this situation? I apologize if this is the wrong place to ask for such question. But I'm not sure where else to turn to.
  4. I had to calculate Vorabpauschale myself, and I found this dumb anomaly that can seemingly happen.   Say an ETF is priced at 100 EUR on 1st Jan, and ends the year at 200 EUR. Pays no dividends. The Vorabpauschale is thus the Basisertrag prorated for the months the ETF is owned (since basiszins will never be so high).    Say over the course of the year, this ETF reached 400 EUR in July, at which point I bought. At the end of the year it is priced at 200 EUR - so I'm sat on an unrealized capital loss of 200 EUR. Yet, I have to pay taxes on the positive Vorabpauschale - because even though I lost money, the ETF gained in value over the year.     This feels really dumb to me. Why on earth did they specify Vorabpauschale should be calculated based on the price at the beginning of the year, rather than the far more logical, actual purchase price? If they have done that, my "Wertsteigerung" would be negative and thus no Vorabpauschale will be due. Alas, thanks to the weird rule, I have to pay taxes even though I'm losing a lot of money (in unrealized terms). To prevent this stupid situation, I'd have to sell the ETF before the year's end.   Let's say I don't sell, and pay the tax on Vorabpauschale. 3 years later, the ETF reaches 300 EUR and I sell - my realized capital gain is thus -100 EUR. What happens with the Vorabpauschale taxes I had paid? Will the Finanzamt issue a refund?     It just seems really dumb to me. They should at least allow the purchase price to be used if the investor wishes to. OR, am I missing something??    
  5. German Tax Question HELP!

    So long story short, I worked in Germany from Jan until July of this year. Due to some odd things that occurred (my employer went bankrupt and that state apparently had to cover my wages, I think they called it "Insolvenzgeld") I am required to file taxes. Obviously I don't want to ignore this as the last thing I want is to go to jail or pay a hefty fine once I return to Germany. I am back in the USA and am trying to login with ELSTER (I was able to file my taxes online through them last year without any issues, I'm not why I am unable to login again...), however as far as I understand, since I am outside of Germany I am unable to process my registration. or at least it returns this error message: Es ist ein Fehler aufgetreten Die Bearbeitung ist gescheitert aufgrund Ihrer vorliegenden Meldedaten. Bitte wenden Sie sich an die in Ihrem Land für die Betreuung von ELSTER zuständige Stelle. Eine Aufstellung finden Sie im Info-Assistenten. Sollten Sie aus dem Ausland im Rahmen der Registrierung einen Antrag auf das Abrufen von Bescheinigungen gestellt haben, kann der Antrag bei einer Zertifikatsdatei technisch nicht umgesetzt werden. Bitte registrieren Sie sich hierfür mit "Sicherheitsstick". Exception UID: y3degs-upii44 Is there anything I can do in this situation? I apologize if this is the wrong place to ask for such question. But I'm not sure where else to turn to.
  6. According to the new rule, traders(options, cfd, etc) from 2021 can only offset the loss up to 20k Euro. Does anybody know how the Altverlust ( the loss from 2020 or before that) is carried to 2021? E,g,: In 2021, one wins on a CFD trade 90k Euro and loses on another CFD trade 80k Euro. In total, he should pay tax on 70k(please correct me if i am wrong). How the losses carried from 2020, 2019...are offset?   Does anybody know the reason behind this unreasonable rule? Thank you.  
  7. Until 2020, one could offset the loss from the previous years for trading derivative, options, CFDs (Termingeschäfte) up to 10000 Euro. And also one could offset the loss and profit in the same year(without limit).  Since 2021, the profit is only offset with loss up to 10000 Euro. That means, if you win in one trade 25000 Euro, and you loss other trade 30000, despite you lost in total 5000 Euro in 2021, still you have to pay the tax on 15000 euro. This rule looks really unreasonable.   1) Does anybody know the reason behind this unreasonable rule?  2) What new rule says about offsetting the loss from previous years. For example, If I transport 5000 Euro loss from 2020 to 2021, and in 2021: i win/gain one trade with the profit of 30000 Euro and i loss other trade 20000 Euro. According to new rule, for 2021, i should pay tax on (30k-10k). So, what the new rule says about the 5k transported from 2020? and the remaining 10k loss from 2021 not offset with the 30k?     Thank you for sharing your opinions. 
  8. Hi All,   I am living in Germany for just over seven years and already got my German citizenship in 2015. I have just accepted a job in Belgium but I have a few questions concerning tax and health insurance. My wife and son will continuing to live in Germany: My work place will be in Belgium during week days, eventually I will be allowed to do home office but just one day per week but all weekends I will be in Germany. My new company will pay me a private health insurance. I will be a resident in Belgium and I will also pay my tax there. Here are my questions: 1: if I later take a job back in Germany, will I be allowed to be part to state health insurance(as I am today)? 2: right now I am tax class 3 and my wife tax class 5. Can my wife change to tax class 3? 3: Is there a special type of registration at the Bürgeramt for people like me, who work/live in another EU country but spent weekend with family in Germany? In other words, I would like to continue to be registered in Germany, is it possible? If possible, what would be the advantages/disadvantages? 4: I will pay income tax in Belgium. Where do I have to do my tax declaration for the year 2107, half of the year employed in Germany and half in Belgium?   I hope I gave enough background information and I would appreciate your help Regards, Leonardo
  9. Hi,   As the spouse of a blue card holder I'm allowed to work in Germany, I have been offered a job where I can work remotely for a multisite project(US,India,China). The Indian office wants to recruit me for 3-6 months. The amount offered in Indian Rupees is quite decent, though in euros it would only come upto 1500 at the current exchange rate. If I register as a freelancer and accept this offer, what would be the tax implications? I see from the freelancer wiki that I would have to start paying for medical insurance. What else would I have to do? The proposed mode of payment by the company is to pay me in INR which will be directly credited to my Indian account. The Indian tax would be deducted at source. They would probably use my Indian address for their records? Will this be a problem? Would I have to pay additional taxes here? Uma
  10. Hi, I recently moved to Germany and have a full time job with Provincial government. My wife is a house wife and is not working at the moment.   I'm wondering if I buy a property and rent it out, can losses from that property (damages, renovation etc) be tax deductible from my full time income?   Or these losses will be carried over and can only be offset against rental income?   Thanks
  11. Flat purchase for student child

    I can't find this subject discussed already for some reason though I'm sure it's not that uncommon.   We are looking at buying a flat for our child, who is a student and will be so for the next four or five years. The flat she's in is OK, but small and rent high.    We're thinking of keeping ownership ourselves, putting up half the purchase price as down payment and taking out a mortgage (super low interest rate of 0.5%) for the other half.   We'll pay the monthly mortgage and Wohneigentümer payments as long as she's a student, then when she starts earning she takes over those payments.   Are there any tax implications in allowing her to live rent-free?  Schenkungssteuer is not a problem as the value is far under €800K, but will the Finanzamt calculate the expected rent and consider it as Schenkung?   Would there be any advantage / disadvantage of having her named already as co-owner upon purchase?  We're thinking of just letting her have the flat to keep.
  12. I moved here in Oct 2015 and started working immdiately and earned a full time wage in (42k)   From Jan 2016 - May 2017 I received rental on my primary residence totalling 12k.   I sold the property in June 2017.   I competed tax returns in the UK, and was told I didn't need to pay tax on the rental income I received.   However since living in Germany I have never completed a tax return.   From reading other posts, I think UK rental income does not need to be included in the German tax return. However worldwide income should be declared as it may impact the amount of social insurance you should pay.   So I think I should complete a tax return for 2016 & 2017.   I think I am also going to call a family friend tax accountant tomorrow to help me with this.   I assume I will get fined. Do people go to prison for this type of thing?
  13. US expat tax filing and German pension funds

    Hi, I am a US american/german dual citizen that has been living in germany for 20 years. recently I found out about my tax filing obligations in the US and am planning on applying for the streamlined offshore procedure soon and have a few questions related to that. I know that many questions on tax returns for US americans abroad have already been asked and solved in these forums so I hope I haven't missed the answers! The main problem is that I am VERY confused about my pension plan and how to report it. I have a "fondsgebundene Rente", which means that it is a private pension scheme (no employee contributions) whereby I make monthly payments to the company (Ergo versicherung) who invests the money in various stocks, bonds whatever (apparently a company secret). The idea is that hopefully the money will grow that way and I will get a larger pension than if I put it away in a savings account. I have the option of buying back the account prior to reaching pension age, but at a huge loss. Otherwise, there is no option for me to withdraw any partial amount of the savings before retirement. From my reading, I guess this would be some kind of an IRA, though I think a requirement for designating it as an IRA is that the managing company has to be in the US or part of an international company with a branch in the US? but not sure about that.Or is it a foreign trust? I am also muddled about whether I need to declare anything at all about this as I do not receive any payments from it but am only paying in at the moment. I understand that with an IRA, people would want to declare the payments as a deduction from income. because my income is so low, the foreign earned income exclusion gets rid of all my taxable income so I don't have any taxable income. So, I'm not interested in taking advantage of any further deductions at the moment. I just want to make sure that I'm declaring what I need to by law. if it is indeed a foreign trust, then there are apprently potentially serious consequences for not declaring it as such in the FBAR and for not filing the 3520 form on foreign trusts. Anybody have any ideas about this? I'd be extremely grateful for any help! or maybe someone has a reference for somebody with reasonable rates that could just advise me on this one issue? I'm trying to get most things done by myself to save money, but have not been able to figure this one out!
  14. Hi. Every year before 01.12 we need to declare the estimated income in the next year to KSK. And I declared lower some year and more in some year like below. And now I got a letter from KSK and they require me to show my Tax Certificate in last years (Steuerbescheid).   If my income and the estimated income which I declared to KSK are like below,what will happen? Will I have to pay fine or something? And will KSK kick me out?     2015 Freelance  / Declared to KSK / Other income 12000        / 12000                 /  0   2016 Freelance  / Declared to KSK / Other income (Crypto currencies) 10000        / 12000                 /  28000   2017 Freelance  / Declared to KSK / Other income (Crypto currencies) 12000        / 10000                 /  minus 5000   2018 Freelance  / Declared to KSK / Other income (Part time employed job) 10000        / 10000                 /  7000     Thanks in advance!  
  15. Marriage and taxes

    The German tax system makes no sense to me...   here is my situation, can someone please enlighten me.   Say I earn 35000euro a year, my partner only 8000euro per year. We are both currently tax bracket 1. After marriage I would be tax bracket 3, my partner tax bracket 5.   here’s where I’m confused. theres currently a tax free threshold of ~ 9400 euro. While single, my partner pays no tax. After marriage will: (a) I pay less, and my partner now pays tax? Or will: (b) I pay slightly less, and my partner still pays no tax?   *we currently have separate finances, and live in different cities. And it will stay this way at least for the immediate future.  
  16. Tax returns filing (joint)

    Hi, I got married last year and therefore I filed a joint tax returns this year. My wife joined me here in December so she did not earn any thing last year in Germany.     She was working last year in Russia, and her taxable income was for like 10 months for which she paid taxes in Russia. Total earnings are around 2000 euro for 10 months.    Now when I filed tax returns I clearly put her earnings as 0 euro because I was under impression that she did not earn/work her ein germany. I got a letter from tax office now asking for a  confirmation of tax copy from russian authorities mentioning 0 euro .  I am confused (concerned). my main concern is how it will affect my calculations of what I will get back in form of tax returns for last year (earlier calculations showed somewhere around 6500 euro for last year) Second question I have is : Is it okay if the document I attach now will mention russian currency earned and tax paid in russia for that much time, is it acceptable ? given the fact that i put 0 euro earlier for her earned money ? (Since it was my first joint declaration i assumed it means only her earnings in germany)   Thanks KD
  17. Tax on money transfer from UK

    I need to transfer some money from the UK to Germany in the very near future to pay off a loan. I have no idea if this will be taxable in Germany or the UK or if there is a limit to how much you can transfer.   Additionally what is the best method to transfer money between the two countries ? Is it as simple as UK bank to DE bank ?
  18. Dear all,   I would like to ask for some help - in last February we moved to Germany with my wife, and as such we just submitted our first tax documents earlier this year. Yesterday I've got a mail from the tax office, as they would like us to file a WA-Est as well, however I have some difficulties understanding what goes where on the form exactly, and even google translate did not help too much.   I hope someone in this community already went through it, so maybe you could help us out in this one.   So, last year both my wife and me worked 1 month (me 11 days, she for the whole January) before moving to Germany.    Question 1: We already paid the taxes in our home country (Hungary in this case), but I guess this is what I should put to either line 6, 7 or 11-12 or 16-17?   On top of that I had stocks in the USA from a previous company, after which I paid the tax when I got them from the company(4, 3 and 2 years ago). These stocks I sold last year - unfortunately at a waaay lower price than what they worth when I got them, so basically got no profit from those. Now if I were in Hungary still, I could apply for a tax return / reduction due to the losses, but I have the feeling in this situation that is lost, as I would be surprised if Germany would pay me money back that I payed to Hungary in the first place.   Question 2 : I have this money sent back to my home country (Hungary). It contains no income, only negative losses. Do I have to put it anywhere in the tax documents?   Thank you very much for your help!  
  19. Tax return from Abwicklungsvertrag

    I have worked for one company in Munich until 31.05.2020. I was fired with Abwicklungsvertrag and I got Severance package (Abfindung), I paid around 50% tax on that Severance package (Abfindung). Since 01.06.2020 I am unemployed and I am getting Arbeitslosengeld. I don't have any extra income except the salary until 31.05.2020   My question is can I get money back from that 50% tax for the Severance package, when I do my 2020 Einkommensteuererklärung in the beginning of 2021, if I remain unemployed until end of 2020?   I asked some tax advisors, but they say that I have to pay and become member before they answer this question and I don't want to became member if there is no tax return.
  20. Trying to fill the annual 2019 Umsatzsteurerklaerung using Elster and PMs post, since I didn't have to pay any thing for 2018, (due to all UK clients), I was requested no to do the monthly filing for 2019 (monthly Umsatzsteurvoranmeldung). Now I have filled up the form with all my incoming and outgoings and have to pay around 10 EUR to FA.   Moving onto my question, given the above details, what should be my input for Besteuerung der Entgelte, line num 22, page 1 in Hauptvordruck (screenshot attached).   Moreover do I have to submit my bills (both incoming and outgoing) with the FA whiling filing the annual Umsatzsteuererklaerung please?   BTW, what the last day to fill the Umsatzsteurerklaerung for 2019 please?
  21. Double Taxation Agreement conundrum

    Hi,   I would really appreciate help with this.   I am a non-EU citizen with residence in Germany for 3 years already. I work at a research institution which sent me for a bit less than a year to China for work purposes (18.09.2018 to 01.08.2019). During that time, my German employer kept paying my wages, but following the rules established in the Double Taxation Agreement, the Chinese side was entitled to taxation. My employer provided me with a document entitled "Bescheinigung Gemäss Deutsch-Chinesischem abkommen über Sozialversicherung'. Now, in my Lohnsteuerbescheinigung for 2019, I have a sum in number 16a (Steuerfreier Arbeitslohn nach/ Doppelsteuerungsabkommen (DBA)), and I am having trouble about where to declare it.   I faced a similar situation last year, which got fixed after submitting an appeal and large amounts of evidence to the Finanzamt. But I would like to do it properly this year, I have sought advice with experts, but I keep getting conflicting information (whether I need Anlage AUS or N-AUS).   Can anyone provide a clearer take on this? I would greatly appreciate it!   All the best!