When do I have to submit the trade tax return?
May 29, 2024 | 40,00 EUR | answered by Simon Schaaf
Dear tax advisor,
my name is Uwe Kockel and I am the owner of a small craft business. This year, I have made profits for the first time and now I would like to submit my trade tax return. However, I am not sure about the deadline for submission and which deadlines need to be met.
The current situation is as follows: I have never submitted a trade tax return before and therefore I am uncertain about the best way to proceed. I have already gathered some information, but I am not sure if I have understood everything correctly.
My concerns are that I might miss the deadline for submitting the trade tax return and thereby face possible sanctions or penalties. I would like to ensure that I do everything correctly and on time in order to avoid any problems with the tax office.
Therefore, my question is: By when do I need to submit the trade tax return and what deadlines do I need to meet? Are there any specific requirements or documents that I need to consider? What specific steps do I need to take in order to submit my trade tax return correctly?
Thank you in advance for your assistance.
Best regards,
Uwe Kockel
Dear Mr. Kockel,
Thank you for your inquiry regarding the submission of your trade tax return. It is understandable that as the owner of a small craft business, you may feel uncertain about tax matters. I will gladly provide you with all relevant information on this topic so that you can submit your trade tax return correctly and on time.
The deadline for submitting the trade tax return depends on the respective federal state where your business is located. Usually, the trade tax return must be submitted to the tax office by May 31 of the following year. However, it may be possible to get an extension due to holidays or other special circumstances. Therefore, it is advisable to inquire early about the exact deadline at your local tax office to avoid missing the deadline.
To submit your trade tax return correctly, certain documents and information are required. These include your income-statement, your profit and loss statement, your balance sheet, as well as all relevant receipts and evidence. It is important that all information in your trade tax return is complete and correct to minimize the risk of inquiries or audits by the tax office.
To submit your trade tax return, you must first gather all necessary documents and check if they are complete. Then you can submit the trade tax return either online via Elster yourself or with the help of a tax advisor at the tax office. It is advisable to start preparing your trade tax return early to allow enough time for any inquiries or corrections.
I hope this information helps you and answers your questions regarding the submission of the trade tax return. If you need further assistance or have more questions, I am happy to help.
Best regards,
Simon Schaaf
Tax advisor
