What tax aspects do I need to consider when founding a GmbH?
March 6, 2023 | 40,00 EUR | answered by Lilli Reuter
Dear tax lawyer,
I intend to establish a GmbH and am aware that there are several tax aspects to consider in this process. As this is my first step into self-employment, I am unsure about the tax regulations and obligations that I will face.
Currently, I work as a full-time employee, earn an average income, and pay my taxes through the payroll tax system. Now, I want to start my own business and understand that this will involve significant differences in terms of taxation compared to my current situation.
My concern is that I may misinterpret the tax regulations or overlook important tax aspects, which could lead to legal consequences or financial problems. Therefore, I would like to know from you exactly what tax aspects I need to consider when founding a GmbH.
What taxes do I need to pay as a GmbH owner and at what rate? Are there any tax benefits or incentives for new entrepreneurs like myself? What tax obligations do I have as a GmbH owner and how can I best fulfill them to avoid legal issues?
I would greatly appreciate it if you could provide me with a comprehensive overview of the tax aspects involved in establishing a GmbH and suggest possible solutions. Thank you in advance for your support.
Sincerely,
Dora Bergmann
Dear Mrs. Bergmann,
Thank you for your inquiry regarding the tax aspects of founding a GmbH. It is understandable that as a new founder, you are unsure and would like to inform yourself about possible tax obligations and regulations. I am happy to provide you with a comprehensive overview of the most important tax aspects to consider when founding a GmbH.
As the owner of a GmbH, there are various taxes that you must be aware of. Firstly, there is the corporation tax, which is levied on the profits of the GmbH. The current tax rate is 15% plus solidarity surcharge and possibly church tax. Additionally, as the owner of a GmbH, you must pay value-added tax if you provide taxable services. The regular VAT rate is currently 19%.
There are also tax benefits and incentives available for new founders like yourself. For example, you can benefit from the so-called "investment allowance" if you invest in certain assets. The "founder scholarship" can also provide you with financial support. It is recommended to inquire about these opportunities with the relevant authorities or tax offices.
As the owner of a GmbH, you have various tax obligations that you must fulfill to avoid legal issues. This includes regularly submitting tax returns such as the corporation tax return and the VAT pre-registration. Additionally, you must keep your accounting records properly and adhere to the legal retention periods. Good accounting and tax advice can help you fulfill your obligations.
In conclusion, it is advisable to consult with a tax advisor or tax lawyer early on to clarify the individual tax aspects of your GmbH founding. I am available for further questions or personal consultation.
Sincerely,
Lilli Reuter
