Income Tax Return
Every Natural Person in Germany Must Pay Income Tax
Income Tax Return
What is an Income Tax Return?
Every natural person in Germany is obligated to pay income tax. How much they pay depends upon how much they earn. Income tax is the most important source of funding for the federal, state, and local governments.
- Every natural person pays income tax
- Income from employment is taxed
- Renting and leasing income is taxed
- Income from business and commercial operations is also taxed
Why You Are in Good Hands with Us when Filing Your Income Tax Return
Preparing income tax returns is about as commonplace for us as fixing a car is for a mechanic or coding software is for a programmer.
We are familiar with the gray areas and know what can and cannot be done.
When Do I Have to File an Income Tax Return?
You are obliged to file a tax return if you receive income from more than one employer.
- If you are in a special tax class
- If you received other forms of income such as unemployement benefits or paid sick leave
- If you have rental or leasing income
Advantages
Sometimes an obligation can end up being a blessing. Find out about cases in which it is not necessarily mandatory, but it is actually profitable for you to file an income tax return.
- If you weren't employed the entire year
- If you received a pay raise this year
- Certain combinations of tax classes between spouses
- If two households are being maintained
- Expenses can be claimed for a career-related move
- Significant costs for contractors or household help
- Healthcare expenses
Tax Filing Deadlines
If you are not represented by a tax advisor, you have until July 31st to file your income tax return from the previous year. Late submission may result in fines.
- You have seven additional months to file when represented by us.
- We can remind you about upcoming deadlines
- We can file for extensions on your behalf
Our Services
Why should I have my tax return prepared by a tax advisor instead of just using a software tool?
- We save you time compared to self-filing
- We can do far more than any software program
- Research can quickly eat up a lot of time if you're unfamiliar with specific topics.
- We can translate complex real world scenarios into accurate tax filings
- You save time answering questions from the tax office
- We ensure that you receive the maximum possible refund
- You have someone to talk to if you have questions.
- We review the final decision sent to you by the tax office.
You might also be interested in:
RENTING AND LEASING
Real estate plays an essential role in wealth creation for both private individuals and companies in Germany, whether the owner buys a single family home for their own use or an apartment building to rent out. Real estate is often a cornerstone of retirement planning.
PROBATE AND INHERITANCE LAW
Planning ahead for the transfer of an estate while you are alive is an absolute necessity. It is the only way to avoid losing up 50% of your assets to taxation. Make sure your estate is distributed in accordance with your wishes and prevent disputes and infighting in the wake of your passing.
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