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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 […]

Energy Price Allowance (Energiepreispauschale): important rules, also for entrepreneurs and foreigners living in Germany

Background According to the legislator, the recently introduced one-time energy price allowance (“Energiepreispauschale”; hereinafter referred to as “EPP”) of EUR 300 is intended to relieve those groups of the population who typically incur travel costs in connection with their income generation and who are heavily burdened by the current energy price development. The EPP is generally taxable, so that the […]

Borderless working in Germany: Is this possible?

Background To be attractive especially for sought-after specialists, employers increasingly offer the possibility to work abroad temporarily or even permanently, i.e. to work literally “borderless”. This applies not only to German but also to foreign employers. In our consulting practice, we have received an increasing number of inquiries on this topic, especially since the start of the Corona pandemic. In […]

Taking advantage of tax benefits: e-bikes

Taking advantage of tax benefits: e-bikes Background Over the last few years, electric bicycles (e-bikes or ebikes) in particular have become increasingly popular alongside classic bicycles. At the beginning of 2015, there were still electric bikes in 1.5 million households. At the beginning of 2020, 4.3 million households in Germany already owned at least one electric bike. This means that […]

From Jan 1, 2021: Depreciation on computer hardware and software over 1 year possible

From Jan 1, 2021: Depreciation on computer hardware and software over 1 year possible BACKGROUND Computer hardware and software are subject to increasingly rapid change due to rapid technological progress. However, the normal useful life, which is the basis for depreciation in accordance with Section 7 of the German Income Tax Act (EStG), has not been reviewed for these assets […]

Electronic transmission of certain tax registration questionnaires mandatory from January 1, 2021

From January 1, 2021, certain questionnaires for tax registration must be submitted electronically Taxpayers must provide the relevant tax office with further information on the legal and factual circumstances relevant to taxation within one month of opening an agricultural, forestry or commercial business or commencing a freelance activity. Regulation until December 31, 2020 Previously, when notifying the opening of a […]

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