Körperschaftsteuer: German corporation tax explained in plain English
Contents What is Körperschaftsteuer (corporation tax)? Who has to pay corporation tax in Germany? What is the corporate tax rate? How is taxable income calculated? Is there a corporation tax allowance? How do losses affect corporation tax? When and where do you pay corporation tax? Summing up corporate income tax in Germany What is …
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Umsatzsteuer: Everything you need to know about VAT in Germany
Contents What is Umsatzsteuer (VAT)? Who has to pay VAT in Germany? Why do I need a USt-IdNr.? What is tax deductible? Target taxation vs. actual taxation What is reduced VAT in Germany? How is VAT calculated? Bookkeeping & VAT Can I be exempt from paying VAT? What is ‘Durchschnittssatzbesteuerung’? Can VAT be paid in …
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Umsatzsteuer in Ratenzahlungen: Can VAT be paid in instalments in Germany?
When is it possible to pay VAT in instalments? Businesses that agree with customers to pay in instalments over several years must also only pay VAT in instalments. This is because the payment is “irrecoverable” until the instalment is due, as the Niedersächsisches Finanzgericht (Lower Saxony Tax Court) ruled (case No. 5 K 288/15). As …
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Kapitalertragsteuer: What you need to know about capital gains tax in Germany
Contents What is Kapitalertragsteuer? FAQs When is capital gains tax due? How much is capital gains tax? How do I pay capital gains tax? Abgeltungsteuer vs. Kapitalertragsteuer How high is the tax-free amount? When should I file the KAP annex? What was the interest income tax? Capital gains tax & holding companies Summary Want …
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Wirtschaftliche Abkürzungen: What do all those German accounting, financial & tax law acronyms mean?
Wirtschaftliche Abkürzung Financial acronyms Meaning AAG Aufwendungsausgleichsgesetz Expenditure compensation act AB Anfangsbestand Opening balance AfA Absetzung für Abnutzung / Abschreibung Deduction for wear & tear/depreciation AG Aktiengesellschaft Public limited/stock company Amtsgericht Local court Arbeitgeber Employer AktG Aktiengesetz Stock corporation Act a.L.u.L. alle Lieferungen und Leistungen All deliveries & services ALV Anlagevermögen Fixed …
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Einkommensteuer: Everything you need to know about income tax in Germany
Contents What is Einkommensteuer? The types of income tax Who has to pay income tax? Do businesses have to pay income tax? Who has to file a tax return? The basic income tax table How can I reduce my income tax? How to calculate your income tax Where, when and how to file a tax …
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