All posts by s&w

crypto cryptocurrencies bitcoin kryptowährungen

Cryptocurrencies/Bitcoins: Pitfalls and opportunities of self-disclosure

Self-disclosures in tax matters have recently become a sensitive topic for many taxpayers – especially against the backdrop of ongoing collective information requests by the tax investigation department in the area of cryptocurrencies/bitcoins. Since January 1, 2015, there has been an important change in German tax law that is particularly relevant for those who are thinking about filing a self-disclosure. […]

Papierloses Büro
paperless office

Digitalization of accounting: More than just a paperless office

Digitalization of accounting not only means moving from a paper-based to a paperless office, but also redefining accounting processes. Thanks to modern technologies, companies can manage, analyze and use their financial data more efficiently. Selected examples of accounting processes that benefit from digital transformation In the following, we show selected examples of accounting processes that benefit from digital transformation: 1. […]

BFM Arbeitshilfe

Renting and leasing: BFH considers BMF Excel tool to be unsuitable

In a ruling, the Federal Fiscal Court (Bundesfinanzhof, BFH) has clarified that a contractual allocation of the purchase price may not be replaced by a calculation in accordance with the Excel tool of the Federal Ministry of Finance (Bundesministerium für Finanzen, BMF). Background The BMF’s Excel tool is used to determine the assessment basis for the depreciation of buildings pursuant […]

E-Commerce

Problems with OSS procedures for EU sales via eBay

The introduction of the One-Stop-Shop (OSS) process on July 1, 2021, has brought numerous benefits to German e-commerce companies. Nevertheless, practical application shows that e-commerce companies that use sales platforms such as eBay for their sales are confronted with significant hidden risks when creating outgoing invoices. These risks often only come to light during a tax audit. Background If a […]

Betriebsfeier

Input VAT deduction for company events

Entrepreneurs are allowed to deduct input VAT if business events do not serve purely private needs but are related to business activities. Input VAT deduction for attentions depends on the overall activity. The input VAT deduction requires a direct and immediate connection between input and output turnover. If the connection exists with taxable output transactions, the deduction is possible. If […]

E-Rechnung

EU allows Germany to introduce mandatory e-bill earlier

The EU authorizes Germany to introduce electronic invoicing (e-invoicing) for certain transactions as early as January 01, 2025, before it becomes mandatory throughout the EU. Germany had submitted an application on November 10, 2022, which has now been approved. The bill is to be limited to B2B sales for now and will be addressed in the Growth Opportunity Act legislative […]

Annual Tax Act 2022: selected relieves

The Annual Tax Act 2022 (JStG 2022) is a typical article law consisting of more than 100 individual regulations across the board in tax law. It also contains important plans by the traffic light coalition to ease the tax burden on citizens. In doing so, it is also responding to the results of court rulings and to EU requirements. The […]

Interest received by relatives: not necessarily taxable

A RULING BY THE FISCAL COURT MAKES LENDING AMONG RELATIVES MORE ATTRACTIVE Borrowing money, but from whom? – Not everyone gets the loan they want from the bank. Borrowing from a relative is therefore an alternative that many people use. However, even with such loans the state also collects, because interest by relatives is taxable. However not in principle, as […]

Allocation requirement for VAT: hotel accommodation under the microscope

Overnight stays in hotels are treated differently throughout Europe. While European VAT law requires that all services related to overnight stays in hotels be taxed at a uniform rate of 7 percent, Germany continues to deviate: currently, the VAT allocation rule prevails. This means that while German hotels charge the standard 7 percent VAT on overnight stays, they charge the […]

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