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Tax news, important deadlines and information about your finances.
The VAT Digital Package primarily affects cross-border distance sales to private individuals and non-business customers. Previously, many deliveries from Germany to other EU countries could be invoiced with German VAT if country-specific thresholds were not exceeded.
The profit from small photovoltaic systems (output up to 10 kW) or comparable combined heat and power units (output up to 2.5 kW) on owner-occupied single-family or two-family houses is exempt from tax on application.
Investments in digital assets are now receiving tax relief. From 2021, digital assets can be depreciated in full in the year of acquisition.
The bridging aid is being extended and improved in the form of Bridging Aid 3 (Überbrückungshilfe 3). There are several alternative ways to qualify for eligibility.
All businesses that were required to close due to the current lockdown are eligible to apply, e.g. restaurants, fitness studios, theatres, etc. Also eligible are indirectly affected businesses that generate 80% of their turnover with businesses directly affected by the closure measures.
The Federal Government has launched a new programme, "Bridging Aid II", to support businesses affected by the coronavirus crisis, covering the period September to December 2020 ...
Your employment income is generally taxed according to the place-of-work principle. Example Mr Muller lives in Munster and works for a Dutch company, Monday to Thursday in the Netherlands ...
The Federal Government has introduced the so-called Second Corona Tax Relief Act. The Act is due to be passed by the Bundestag and Bundesrat in the course of June ...
The Federal Cabinet decided last week on further bridging aid for small and medium-sized businesses that have had to suspend their operations wholly or substantially as a result of the coronavirus crisis ...
Many property owners who hold and let their properties as private assets are subject to a marginal tax rate of 42%. This applies where taxable income falls between approximately 57,000 € and 270,000 € ...
The German legislature has also introduced various tax changes for 2020. We have compiled what we consider to be the most important new rules ...
The federal government has launched an emergency aid programme (Corona) for self-employed individuals and small and medium-sized enterprises (up to 50 employees) severely affected by the crisis ...
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