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172 articles · Page 8 / 9
- 2 min readRecommended
Income Tax Treatment of Childminding Services
Today, it is increasingly common for both parents to work full-time and to require a childminder to look after their children. In the following, we will explain
Tax AdvisorySource: Deubner Verlag - 3 min readRecommended
Act to Modernise Corporate Income Tax Law (KöMoG) – Option for Partnerships
Partnerships (GbR, OHG, KG, GmbH & Co. KG, PartG, etc.) are generally taxed under the transparency principle. This means that each partner's share of the profits is taxed at their personal
Tax AdvisoryBusiness ConsultingSource: Deubner Verlag - 4 min readRecommended
Taxation of Photovoltaic Systems and Expiry of the State Feed-in Tariff
As of 01/01/2021, the state feed-in tariffs under the EEG (German Renewable Energy Sources Act) have expired for the first photovoltaic systems. The subsidy amount was set upon commissioning of the photovoltaic system and then paid out for 20
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag - 4 min readRecommended
One-Stop Shop Procedure (OSS)
The One-Stop Shop procedure can be viewed as an extension of the Mini One-Stop Shop procedure, covering a broader range of services. The new procedure is scheduled to take effect on 1 July 2021
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag - 3 min readRecommended
Taxation of Tips and Record-Keeping Obligations for Recipients
In many professions (hospitality, hotels, taxi services, etc.), tips represent an important source of income alongside the paid main service. Despite the familiarity of the topic, failures repeatedly occur
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag - 3 min readRecommended
Mandatory Income Tax Return 2020 – Short-Time Work Allowance
During the Corona crisis, an estimated 10 million employees received wage replacement benefits (e.g. unemployment benefits, sick pay, parental allowance, etc.) or, in particular, short-time work allowance (Kurzarbeitergeld) from their employer. In its letter, the Federal Ministry of Finance points out
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag - 2 min readRecommended
Improvements to Bridging Aid III (Überbrückungshilfe III)
The ongoing coronavirus pandemic continues to cause severe economic difficulties for many companies and solo self-employed individuals. For this reason, the German federal government has approved several improvements as well as additional support for affected
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag - 3 min readRecommended
Suspension of the Obligation to File for Insolvency and the Insolvency Law Reform
The Act on the Further Development of Restructuring and Insolvency Law (SanInsFoG) essentially serves to transpose the European Restructuring and Insolvency Directive of 19 June 2019 into German law. Following several amendments, the SanInsFoG was adopted by the German Bundestag on 17 December 2020
Tax AdvisorySource: Deubner Verlag - 4 min readRecommended
Claiming Maintenance Payments for Tax Purposes
Basics of maintenance payments: Maintenance payments to relatives, children, and separated partners may be claimed for tax purposes if the recipients cannot provide for their own support. Maintenance payments generally include
Tax AdvisorySource: Deubner Verlag - 2 min readRecommended
Extraordinary Depreciation During the Coronavirus Pandemic
During the coronavirus crisis, extraordinary depreciation is gaining importance, as many businesses are experiencing unintended revenue losses due to a lack of customers. One example would be a clothing store where, due to the
Tax AdvisorySource: Deubner Verlag - 3 min readRecommended
Neustarthilfe Restart Aid for Solo Self-Employed Individuals and Corporations
Überbrückungshilfe III (Bridging Aid III) is also intended to provide stronger support to self-employed individuals affected by the coronavirus crisis. To this end, the so-called Neustarthilfe (Restart Aid) has been increased from an original EUR 5,000 to a current maximum of EUR 7,500. The funding period of the Neustarthilfe
Tax AdvisorySource: Deubner Verlag - 2 min readRecommended
Application for Property Tax Remission by 31 March 2021
Property tax (Grundsteuer) must be paid by every private owner for their property. The relevant tax office determines the assessed value of the property based on factors such as land value, area and age. This
Tax AdvisorySource: Deubner Verlag - 2 min readRecommended
NO THREE-MONTH WAITING PERIOD FOR EU NATIONALS RELOCATING TO GERMANY
In its judgment of 10 December 2020, the Münster Tax Court ruled that the three-month waiting period for EU nationals relocating to Germany does not apply if an entitlement to […] already existed before they established residence in Germany.
Tax AdvisorySource: Deubner Verlag - 3 min readRecommended
Sale of a Furnished Holiday Apartment
When a furnished holiday apartment is sold within the ten-year speculation period, the gain attributable to the sale of the furniture is not taxed as a speculative gain. This is because the furniture constitutes
Tax AdvisorySource: Deubner Verlag - 2 min readRecommended
Letting of Holiday Apartments
Income and expenses related to the letting of an apartment can only be recognised for tax purposes if the letting activity is intended to be long-term and there is an intention to generate sustained surpluses
Tax AdvisorySource: Deubner Verlag - 4 min readRecommended
Annual Tax Act 2020
On 18 December 2020, the Bundestag also approved the Annual Tax Act 2020 (Jahressteuergesetz 2020). This brings numerous changes, the most important of which we would like to briefly present: home office flat rate
Tax AdvisorySource: Deubner Verlag - 1 min readRecommended
Higher Commuter Allowance from 2021
The higher commuter allowance was adopted in 2019. It forms part of the Act Implementing the Climate Protection Programme 2030. From the 21st kilometre onwards, the distance-based allowance is being raised from 30 cents to 35
Tax AdvisoryBusiness ConsultingAuditSource: Deubner Verlag 
2 min readRecommendedFirst Place of Work in the Case of a Short-Term Educational Measure
Under the new rules on travel expenses applicable from assessment period 2014, an educational institution attended outside an employment or service relationship for the purpose of full-time studies or a comparable full-time educational measure also qualifies as a first place of work
Tax AdvisorySource: Deubner Verlag- 1 min readRecommended
Commuters Benefit from Increased Commuter Allowance from 2021
The Act Implementing the 2030 Climate Protection Programme introduced new tax regulations, including an increase in the commuter allowance. Commuters who travel long distances to work each day will particularly benefit
Tax AdvisorySource: Deubner Verlag - 2 min readRecommended
NEW TAX COURT RULING: Employer payments for VEHICLE ADVERTISING = WAGES!
Principle: According to the Finanzgericht (Tax Court) Münster, case no. I K 3320/18 L, payments made by an employer to employees for attaching an advertising-bearing licence plate holder now qualify as wages
Tax AdvisorySource: Deubner Verlag