#Umsatz steuerberater plus#
your turnover plus payable tax is not expected to exceed €50,000 in the current year.Īt the time you establish your business, you should realistically estimate the total turnover you expect to generate.your turnover including payable tax did not exceed €17,500 in the previous calendar year and.If you fulfil both of the following preconditions, you will not be required to pay VAT to the Tax Office : There are a number of rules designed to make business easier for small entrepreneurs. You will be required to pay corporation tax every quarter in advance to the Tax Office responsible for your company. Once a year, you or your tax advisor, respectively, will be required to issue a trade tax return and to send this to the Tax Office.Ĭorporation tax is payable solely for the profit generated by corporations ( GmbH, AG). You will be required to pay trade tax every quarter to your municipality. You should hence contact your tax advisor to find out whether you can expect tax arrears and how much this will be so that you can put aside money to cover this. If you have to pay both tax arrears and income tax pre-payments at the same time, you may find yourself in some financial difficulty. If your income is higher than initially expected, you will have to pay tax arrears the following year. The Tax Office will then determine a certain sum which you will have to pay as quarterly advance payments. In the first year of your self-employment, the Tax Office will estimate your profit on the basis of the information you provide.
The income tax rate depends on the personal profit that you generate with your company (less all of your operating expenses). Īnyone who generates or receives income is required to pay income tax. ) You can then deduct this input tax from the VAT which you pay to the Tax Office as part of your VAT return. (Note: Invoices do not use the term "input tax", but " VAT". You should ensure that this tax is stated separately on the invoices which you pay. You pay input tax on (almost) all company-related purchases. You are then required to pay the VAT which you receive from your customers to the Tax Office as part of your VAT return. You should take note of the information that is required in your invoices. You are required to bill your customers VAT and to state this separately in your invoices. The standard rate is 19% and a reduced rate of 7% is applicable, for instance, to professions in the arts and the media.
VAT is payable when you sell goods or services. You should be familiar with these taxes: VAT
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