Archive for TAX

Exhibition – with sales tax note some

September 16, 2011 teguhbaruno Financial News, TAX

During exhibitions, the services are often not performed in Germany, but also abroad. For tax purposes, you should consider when the sales tax and the corresponding application decrees of the Federal Ministry of Finance, are included in the rules of interpretation to the question of the performance site.

Who is active in trade fair and Exhibition services provides, often does so not only at home for a German company. They act as a fair service for example in international trade fairs abroad, where your client headquartered in Germany can have. The question is then, the sales tax which country apply to your services.

Performance at the Exhibition

  • In many European countries apply for services in connection with the sales tax at a uniform Messebei receiver location principle. This means that the service provided there is controllable, where the receiver runs the performance of its business.
  • The basic rule of § 3 para 2 VAT in Germany. After that, you can collect your need services related to Exhibition stands and exhibitions as “other services” sales tax law there, where the company for which you are employed, has its headquarters.
  • According to § 3 para 3 UStG apply different rules, however, if there are benefits associated with real estate – see § 3 para 3 No 1 Final – or benefits in connection with trade fairs and exhibitions – see § 3 Abs . 3 No. 3) Final – acting. Thereafter, the benefits were captured there by the sales tax, where the property is located, or where you are actually provided by you as an entrepreneur.
  • Are you so worked for a German businessman under a fair construction in France, the performance of this rule, according to the local sales tax law would be subject. » Read more..
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Extension of the tax return request – Notes

September 12, 2011 teguhbaruno TAX

The levy of a tax return often leads to a tax refund. Prerequisite is that you submit your application registered with the tax Office. The late submission will be penalized with late payment penalties. If necessary, you can request an extension of the deadline. You just need to know the timing.

If you must file an income tax return, expect your tax office that your tax return by 31 May the following year to submit.
But they are not always obliged to submit. If your employer discharges from your salary, wage or income tax to the tax office, you only need to file a tax return, if there has because of your personal or financial circumstances change to your detriment and to the benefit of the Treasury, the your in the income tax calculation employer has not taken into account. This is partly the case, if you receive rental income or receiving foreign capital income.

In this case, you should observe the deadline of 31 May of the following year note. » Read more..

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Tax Treatment

August 23, 2011 teguhbaruno Finance and Financial, Life insurance, TAX

As endowment policies are to be treated for Tax purposes depends on the time at which they were completed. Decisive here is whether the completion is done before or since 01.01.2005. Because from this date there were serious changes to the taxation or Tax incentives for life insurance policies. Contracts which were concluded before 01.01.2005 enjoy nor continuance for the time of his generous support of the state for endowment life insurance. Meets the life insurance, the condition that the contract has a term of at least twelve years, the premium payment is at least five years and the death benefit is at least 60 percent of the sum insured, then the due date of the sum insured paid bonuses completely free of tax. Holders of insurance contracts that were concluded after 01.01.2005 are, unfortunately, no longer qualify for this exemption. For these contracts, the following applies: The surplus, ie the difference between the Tax will be deducted to be paid out the sum insured and the sum of contributions must be wholly or partially with the personal income tax rate. Unless the term of the insurance for at least twelve years, and the payment until after the age of 60 Age of the policyholder occurs, must pay tax on only half of these surpluses. If these conditions are not met, the surplus in the full amount is taxable.

The insurance company is obliged here first, from the taxable amount 25 percent withholding tax directly to the tax office. On the tax return then the policyholder is the individual tax burden and set off against the amount already paid. But also for life insurance policies that were completed before 01.01.2005, may incur a tax liability, the excess shares. This applies if the policyholder contract before the expiry of twelve years but announced or if the insurance it as collateral for a loan assigns, which does not serve to finance owner-occupied residential property. In these cases, the financing bank is obliged to notify the assignment to the tax office. However, the assignment is limited to claims for death, this is not harmful tax. » Read more..

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Tax Tips

May 5, 2011 teguhbaruno TAX

Berlin (dpa) – private, purchased cell phones and computers can be just as tax-deductible, such as software or the cost of Internet use – on condition that it is used professionally.

Four weeks before the closing date for the income tax declaration of the high-tech association Bitkom pointed out that devices like cell phones and computers can be specified each time as a business expense when they are used “significant” for the work.

As evidence, a written confirmation from the employer may be helpful. Alternatively, you can also three months to record the use of the computer. If no evidence is presented, will the tax authorities believe that a computer is shared equally and used for private purposes. » Read more..

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