My wife and I live in Portugal and are also tax residents here. Personally, I own a number of rental properties in Germany, with the rental income we use to support ourselves. All my properties are located in Germany and are managed exclusively by ...
Dear Sir or Madam, My question concerns the *extended* limited tax liability in the context of the existing Double Taxation Agreement between Germany (DE) and Singapore (SGP). - Singapore is a low-tax country (6.63% tax on income of 77,000 EUR) - I...
A third party has submitted the tax returns for our GmbH (on our behalf) for the year 2015. They have submitted the trade tax, corporation tax, VAT, and the balance sheet. The tax office did not consider the IAB, among other things. When we inquired ...
Background: I hold 70% of the shares in A-GmbH. I have founded a B-UG (limited liability) in which I hold 100% of the shares. Plan: I want to increase the share capital of B-UG (limited liability) to 25,000 EUR in order to convert it into a GmbH. Wi...
Good evening everyone. The closure of the business has already been communicated to the tax office in May, with a statutory notice period of 6 months for the 2 employees. Question: Is it correct that the closing balance sheet must be prepared at th...
Hello, My question pertains to the tax implications for me after moving to 1) China (double taxation agreement) or 2) Hong Kong (low-tax jurisdiction), with deregistration in Germany. Essentially, I am interested in how profits from stock investment...
Among other self-employed activities, I am also an event organizer (2 concerts per year). I invite a band represented by a British company (... HOLDINGS LTD) based in London, with whom I have signed a contract for the event. The agreed fee is 65% of ...
I have a sole proprietorship, consisting essentially of a self-created website and an app that is rated with AK. Now a sponsor wants to enter and contribute €15,000 for a 40% stake in the to-be-founded company (as capital reserve/start-up capital). I...
Hello, I have a question regarding the tax treatment of severance payments. My professional situation is as follows: I work in a large corporation in a department where, due to the current workload, I am not able to fully develop. In other words, I ...
Preliminary: pure, theoretical worst-case scenario, no impending insolvency or similar! Private assets (rental property) of A are to be transferred exclusively to person B within the family. The real estate assets of A should be protected in case of...
Good day, I am planning to start a business (with two people) - specifically a gastronomic operation. I am not sure yet whether a UG or GmbH is the more suitable form and how profit distribution could look like. The situation is as follows: 1.) Each...
As the sole shareholder and managing director of two single-member GmbHs in the real estate industry, both based in Bavaria - I want to terminate the activity of one of the GmbHs. Each GmbH has a paid-in share capital of 25,000 euros, the GmbH to be ...
Dear tax consultant, My name is Tobiasz Scibiorski. I intend to establish a limited liability company (UG haftungsbeschränkt) starting in Jan. 2013. Unfortunately, when it comes to taxes, I am a blank slate. The core business will be arranging tran...
Good day. We are three shareholders with each 33 percent ownership in a GmbH. All three persons are employed as managing directors with taxable salary. I now want to resign from both positions. According to an agreement between the shareholders, I am...
FACTS: I recently founded an UG (limited liability company) with a share capital of 1 Euro. I have now learned that, according to a decision of the Federal Court of Justice, it is possible to increase the company's capital to the required 25,000 Euro...
I envision the following corporate structure: A parent company owns a subsidiary. The subsidiary is operational and generates income. All costs and wages for the subsidiary are covered from this income. The final profit is transferred 100% to the pa...
I am the managing sole shareholder of a GmbH, previously the GmbH was a sole proprietorship that was transferred into the GmbH. I have a gross salary of 4,000 euros, unchanged since the founding of the GmbH in 01/2008. Net profit in 2008 was 48,212 e...
I live abroad and am not liable for taxes in Germany. Currently, I am living in Switzerland but will be relocating to Canada in a few months. I plan to participate in a closed real estate fund in Germany. The profit distribution is rental income. (E...
We have been operating a Limited company in Germany for approximately 6 years. The accounting is regularly done in accordance with regulations. Every year, a balance sheet is prepared by the tax advisor and the corresponding tax returns are filed wit...
Dear tax consultant, I have a question regarding whether a controlling shareholder-managing director of a GmbH is considered an employee, and specifically whether they can be classified as a marginal employee. Background: X is a controlling shareho...
I own shares in a US-based conglomerate, Itt Corporation. It spun off two new companies, Xylem and Exelis. The shares of the new companies were allocated to me at no cost. Now my bank has deducted capital gains tax from me in the form of in-kind divi...
Hello, I have a work contract with a consulting firm in Germany. They have placed me as a consultant with one of their end customers under a work contract. This end customer, not my direct client (a major German corporation), is now sending me abroa...
Hello everyone! I am currently working on a semester project and I am stuck on a couple of questions that I unfortunately cannot solve. It is about the disposal of a 100% interest in a corporation and its tax treatment. The solution is probably rel...
I would like to know what the better tax decision would be to purchase a property privately or through my company (Ltd). Background: Property: The house is a semi-detached house. The other half of the semi-detached house was purchased years ago and...
Can I deduct 1.2% of the unit values from properties that are classified as current assets as of January 1, 2010 for trade tax purposes, or do they have to be classified as fixed assets?
