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 25 results

  1. I have heard Germany might apply an exit tax to someone who moves out of Germany after having stayed at least 10 years there. I read there was a draft on this in 2019 but was not able to read more detail about that.   I am a freelancer, and I have money both in my bank accounts earned from freelancing and I also own stocks. How much will Germany take from this money?
  2. I am a freelancer (translator) and filling out the above form on Elster. I had four "mistakes" when I reached the end and checked everything, managed to solve three...   But I cannot get my head around the final "conflict". I think it might be linked to whether I should tick the following boxes or not:   Kleinunternehmer-Regelung  Hilfe zum Begriff anzeigen Zeile 134 Der auf das Kalenderjahr hochgerechnete Gesamtumsatz wird die Grenze des § 19 Absatz 1 UStG voraussichtlich nicht überschreiten. Es wird die Kleinunternehmer-Regelung in Anspruch genommen. In Rechnungen wird keine Umsatzsteuer gesondert ausgewiesen und es kann kein Vorsteuerabzug geltend gemacht werden. Hinweis: Angaben zur Soll-/Istversteuerung der Entgelte sind nicht erforderlich; Umsatzsteuer-Voranmeldungen sind grundsätzlich nicht zu übermitteln. Zeile 135 Der auf das Kalenderjahr hochgerechnete Gesamtumsatz wird die Grenze des § 19 Absatz 1 UStG voraussichtlich nicht überschreiten. Es wird auf die Anwendung der Kleinunternehmer-Regelung verzichtet. Die Besteuerung erfolgt nach den allgemeinen Vorschriften des Umsatzsteuergesetzes für mindestens fünf Kalenderjahre (§ 19 Absatz 2 UStG); Umsatzsteuer-Voranmeldungen sind monatlich in elektronischer Form authentifiziert zu übermitteln. However, when I try ticking these boxes, I get:   Die Felder 'Der auf das Kalenderjahr hochgerechnete Gesamtumsatz wird die Grenze des § 19 Absatz 1 UStG voraussichtlich nicht überschreiten. Es wird die Kleinunternehmer-Regelung in Anspruch genommen. In Rechnungen wird keine Umsatzsteuer gesondert ausgewiesen und es kann kein Vorsteuerabzug geltend gemacht werden. Hinweis: Angaben zur Soll-/Istversteuerung der Entgelte sind nicht erforderlich; Umsatzsteuer-Voranmeldungen sind grundsätzlich nicht zu übermitteln.' und 'Der auf das Kalenderjahr hochgerechnete Gesamtumsatz wird die Grenze des § 19 Absatz 1 UStG voraussichtlich nicht überschreiten. Es wird auf die Anwendung der Kleinunternehmer-Regelung verzichtet. Die Besteuerung erfolgt nach den allgemeinen Vorschriften des Umsatzsteuergesetzes für mindestens fünf Kalenderjahre (§ 19 Absatz 2 UStG); Umsatzsteuer-Voranmeldungen sind monatlich in elektronischer Form authentifiziert zu übermitteln.' wurden gemeinsam angegeben. Dies ist unzulässig.   The thing is, I hate filling out tax forms (HMRC are the same) when you are just a freelancer, but you are "pretending" to be a business. So I am wary of ticking them, even though the system is suggesting this is where the solution might lie.   I should add that this will not be the end of it and, even if someone can provide authoritative advice on the above question, this will probably inevitably lead to a second question.   For reference purposes, I just do the occasional translation or two to earn a few thousand euros. Otherwise, I am living off savings (but obviously I still need to fill this out).    
  3. Is it required for German citizen to pay inheritance tax if he inherits and gets a property as a gift?   property not located in Germany   Does it matter in this case matter if person is living in Germany or abroad?
  4. Hi guys, I just have a question that could be silly. I paid for the Steuergo tax return service and thought that everything was submitted electronically. However, today I happened to find an old email from them that I somehow missed. It says that I need to print out the form, sign and send it via post to the Finanzamt. Is this the standard procedure? Last year, I used Taxfix and didn't need to send anything via post (though my return then was only 7 euros). Also, I live right next to the Finanzamt, can I just stop by and give them the signed document?
  5. Offset trading losses

    There is a new rule from 2021, that the loss from trading futures, options... can only be offset up to 20000 Euro and the rest is transferred to the next year. Does anybody know what is the rule about the Verlustvortrag (the old losses until the end of 2020)?   For example if someone has a loss of 30000 Euro euro until the end of 2020, and earns 30000 Euro in 2021, should he still pay any tax? Thank you.  
  6. So I have a sort of unique question regarding taxes and divorce and house sales that hopefully someone can help me out with. I already used the search function but didnt see anything pertaining to my situation. So here it goes:   Wife (who is German) and I (American) move back to Germany in early 2017. We sell our home in the California and buy a home here in Germany outright with no mortgage in the end of 2017. House was listed for 390K euro and when it was all said and done it was about 425K ish euro after Makler and Notar fees.    Wife and I are now separated, still really good friends but wont be getting back together. Ive moved out into my own apartment but have not yet registered because we are trying to figure out what to do with the house and tax issues. We are still married on paper and for all anyone in the government knows, I live in the house with her. The house also has a small apartment attached to it that we rent out for 500euro a month.   Wife wants to buy my half of the house from me as she hates moving and likes the house. Ive tried to tell her thats a poor decision on her part financially to take a loan for 250K to give to me on a single income and we could probably sell the house for 550K-600k (we did some renovations and the market has gone way up. just my estimation). I told her I could walk away from it for 250K euro though if she's that passionate about it. I would then wire the money to my american investment account.   What's smarter tax wise? both of us selling the house and splitting it 50/50 or her buying me out? My argument was we took money which we already paid taxes on in the states and bought a home here with it. If I dont really profit off the home ie just get my half of the money out, do I still have to pay taxes to the Germans for 250k since I sort of already paid taxes on it years ago in the states? Or am I going to have to pay the germans like 25% tax on my 250K. I am 100% with the VA and live on that income which is not taxed here in Germany but I know can be used to jump me into another tax class.   Just curious on anyone's thoughts. I know we will need to speak to a German tax person, just wanted to get a general consensus on the idea before hand. All of this is new to me and not my area of expertise. 
  7. Hello,    I know this question has been done in the past, but things might have changed in the years. I am looking for a Steuerberater in Berlin who does not require a high amount of money since last year has been very hard already economy-wise. Is there any you suggest? English-speaking is a plus, but not a must.   Thank you in advance! 
  8. Hi,   I'm looking for a tax advisor, a CPA, with expertise in US expat tax filings willing to work with me on a more flexible basis than usual, because I have some needs that don't fit into the normal business model of expat tax preparation services.   I would like to finally catch up with filing US taxes, now that there are stimulus payments associated. My income is very low, my tax forms will be extremely complex (FATCA, form 5471, CFCs, etc...) and I will owe no tax at all, only a refund. I'm not just guessing here. This is for sure.   I would like to fill out all, or nearly all the forms myself. However I require some assistance regarding a number of issues.   For example, if I apply for the streamlined procedure how to handle the difference in filing deadlines between german corporate tax filing and united states personal income tax, because my 2019 German taxes aren't going to be due for quite some time, and the 2020 German taxes not until next year. Yes, I have a Steuerberater,   Of course I could go to one of the many expat tax advisors advertising on this site or that one can easily find on google. So far I have not found any that can work with me in an acceptable way. Most of these tax advisors are not prepared to deal with CFCs and form 5471. Even if they do, they want to charge a very high fee, despite the fact that my CFC makes like almost no money. Furthermore, the business model appears to be based on charging a flat fee per form or for a package of services. Many of the forms are ridiculously easy to fill out, and the main work is to be performed by me anyway, collecting the information that goes into the form and translating german financial terms into english, which the tax advisor is of course not responsible for.   I certainly cannot afford to spend five to ten thousand euros on tax preparation for my small money-losing business that doesn't even owe any taxes in the first place. This would be a significant portion of my annual earnings. One thousand euros would be a more realistic amount.   Therefore I wonder if anyone on the site can refer me to an expat tax advisor, maybe one actually located in the United States somewhere, able to work on a flexible and cost-efficient basis, where the tax advisor just provides the advice, rather than the actual form filling, and does not charge flat fees.                          
  9. Hi,   I have just submitted Fragebogen zur steuerlichen Erfassung an hour ago and realized now that I have filled in the estimate income incorrectly. Basically I have just got my visa this year and don't event know when I will get my first client, I assume that I will start earning from 2019 but because of my bad German, I have incorrectly stated that in 2018 I will earn 10,000 Euro and in 2019 12,000 euro.   - Is there anyway that I ask finanzamt to get my form back and correct it? Or can I simply re-submit a new form?   - Would they interrogate me and make my life difficult when I submit my income declaration (that I earn barely nothing this year while I said I should earn 10,000?).   Also, in the form there is a date when I start working, becuse I don't know yet when so I fill in the date that I received my freelance visa (two months ago), but in fact I have not yet started working because I don't have any client. Would this be a problem?   Thank you and sorry for many question I am in panick attack again ughhh...   Best, N
  10. Till now I have been printing filled tax declaration, attaching all invoices and in such form sending them to Munich's Tax Office. Somebody told me that he never attaches invoices and that the Tax Office would request them if they needed to see the proof. The type of invoices I mean are: monthly transport ticket, extra insurances, costs related to renting apartment, etc. Is that true?
  11. Tax for double employment

    Hello,   I'm currently working in Berlin for the last 2 years. My current company is closing it Berlin operations by 30th June 2021. They have already sent us the termination letter and have agreed to pay us the salary till 30th June 2021.    I have to work mostly for April to transition the knowledge to folks in another country. And then in May and June, I'll be on garden leave (i.e. I will get a salary but I need not need to work). My question is: if I find a new and start a new full-time job before June, how much tax I would be paying? Does anyone have any idea as technically I'm getting two salaries for certain months? My company has already agreed that even if I find a new job they will continue paying me the salary till 30 June 2021 but they will only not pay the employer contribution to the govt.   Salary for example: current: 60K/year new one: 65K/year so for May/June (if I found a job) i will get double salary of [60K/12 + 65K/12]   Personal info: Married, in tax class 3, public insurance     Has anyone has an idea? please share. Let me know if you need any more details. 
  12. Bank letter re Tax Domicile

    We've been away from Germany 16 months and we closed our bank account about 6 months ago.  We've just received a form to fill, from our ex bank with the title Selbstauskunft fuer natuerliche Personen fuer den automatischen zwischenstaatlichen Informationsastauch FATCA. I asked on the bank's helpline and this is what they said I don't understand, I don't have any Verbindungens with the bank or the country. Should I just ignore it? I know it's only a few questions to answer but I find it irritating that they are bothering me with the measly savings, that I had there, while the big bastards get away with billions.
  13. Declaring UK maternity pay on German Tax return

    Hi, Looking for advice on where in the German tax return to put details of my wife's UK maternity pay. Situation is child was born in UK, wife was fully employed and went onto maternity leave.  Few months later we move to Germany with my job.  Last few months of wife's maternity pay (now down to the statutory minimum) being paid to my wife into her UK bank account.  Intent of my wife was to return to work in the UK, but we ended up liking Germany a lot and settling here so she terminated her job during maternity leave and did not return to work after.  No actual work done by my wife in the UK (or from Germany) while on maternity leave and in Germany.  We did not apply for or receive any parental benefit (Elterngeld) in Germany. Would very much appreciate if someone could point me in the right direction of which part of the German tax return I should include this?  I'm using Steuergo software to do the tax return at the moment, and it's not clear to me.  Have searched here and elsewhere, and I can't find anything that addresses this. Thanks for any pointers!
  14. Hello everybody, I need you help on a question about the tax returns in Germany. I lived in Germany from 1st of January 2020 to 7th of July 2020. So I was working full time in Frankfurt, paying the taxes in Frankfurt and therefore I was a resident in Frankfurt for that period. From the 7th of July to the end of the year, I moved to Paris and was working in Paris. Therefore paying taxes in France and resident in France. I would like to fill a tax return for my period I worked in Germany. But, I am not sure which forms I should complete and my Germany is not that good to understand the procedure by myself.  I hoped I could use steuergo but after completing some fields I got a message that apparently it does not support my case. Could you please help? Thanks a lot! Gledis
  15. 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!
  16. Greetings! I recently retired from the United States Government -- Executive Branch, non-military -- and have moved to Germany to reside with my German national partner. She guided me through the process of getting my German Residence Card (one year, renewable, I suppose) and now I've rented a house. Now I am looking at taxation issues. I have two components to my retirement pension right now, as I am 55 years old and not yet eligible for social security: (a) my actual federal pension. It seems from what I've read online that my actual federal pension is non-taxed by the government of Germany. That seems to be good news. (b) my Thrift Savings Plan income. I don't have an annuity but in the near future I plan to start drawing down my TSP in even monthly payments based upon my life expectancy. Is TSP income taxable in Germany? Thanks very much for any information anybody has to offer. 
  17. @PandaMunich   Hi PandaMunich   I am in need of your advice and views on my situation regarding tax return filing.   1. I relocated to Germany with respect to job in Feb 20 from outside EU (Asia). This is my first move to Germany and my company paid for all the relocation expenses. My question is can I put Umzugspauschale as a deduction. I was reading the BUKG (translated by google so not sure how reliable it will be) that in case the past or future apartment is situated abroad it is not considered international removal. So I am not sure if I can claim Umzugspauschale and if yes what should be the amount that I can claim. I have a son and wife in my family who have also moved. My household goods arrived in May. Another question regarding the same is on move in last 5 years so do the moves outside Germany be counted as a move as I moved within my home country for job purpose.    2. My wife and my son joined me later in July and the Familienkasse granted Kindergeld only from July but not from Feb. In this case whole calculating deduction will my entitlement from Feb be considered by Finanzamt or what I received. I had writted to Familienkasse regarding why I was granted Kindergeld from July and not Feb but have not got their reply.   3. In case I cannot claim Umzugspauschale deduction, can I put Double housing deduction. My family lived in their own house back in home country and in such case what expenses can I claim like meal expense etc. I have not transferred any money to them.   4. Regarding my foreign income, I will have to declare it in my Germany return and it will increase the tax rate. I was looking at the DBA calculation and it calculated the foreign salary amount as No of days worked abroad/ Total number of days worked* Total gross salary. In this case what is the no of days. Is it the number of days actually worked excluding holidays, vacation etc. or is it the number of actual working days in a year. Also the instruction on Elster said to remove/ deduct this amount from the total gross salary and mention it in line 6 of Anlage N. Is this how it should work and doing that based on the number of days calculation my gross salary is coming to be a bit lower than what I have in my Lohnsteuerbeschenigun, Can this be correct?   Looking forward to your or anyone else who can put their views on my questions.   Thanks  
  18. I work for a UK company and am going to be living and working here in Munich for the next 2 years. But, I am getting paid by my UK company into my UK bank account in GBP. So far I've just been using my UK bank cards here, and my bank (Nationwide) seems to give pretty good rates for this.   So, I understand that I don't have to pay UK Income Tax (on their website it says that non-residents don't have to pay), but what about here in Germany? Will I need to do something to declare my UK salary and then pay tax on it?   Also, is there any reason why I would need to get a German bank account?   Advertisement link: Tax consultants
  19. Recently moved from the UK.  I have around 20K annually of rental income from the UK and Kleinunternehmer hopefully will generate a few thousand more of revenue.  Have statutory health insurance.   Now, I understand from reading around TT that Progressionsvorbehalt means that my Kleinunternehmer will be taxed higher up the scale.  I also think I understand that health insurance is deductible from earnings *before* tax is calculated?  My question is, does this apply to the entire amount of my statutory insurance payment (i.e. 15ish% of business income *plus* UK rental income) or only of the part that was calculated on my business income?  This will make a big difference to how I budget.   (Arguing in my head, it feels first like the latter should be true, but then, if I were paying privately, there would be just one sum anyway so then the former seems only fair...)  Thank you!!
  20. 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!
  21. 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.
  22. 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.
  23. 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??    
  24. 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.
  25. 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.