Under certain circumstances, the recipient of a construction service (all services that serve the construction, repair, maintenance, alteration or removal of structures) must withhold a 15% deduction from the consideration.Excluded are planning services, e.g. of architects, structural engineers, civil engineers and surveyors, as well as pure services for the supervision of construction, …
For some time now, there have been new financing offers for seniors on the real estate market. These include, above all, the partial sale of the property. In this case, the owner sells an ideal co-ownership share in the property (for example 20 % to 50 %) to a commercial …
Voluntarily foregoing a tax exemption may sound strange, and most people will certainly immediately feel uncomfortable. In principle, landlords are entrepreneurs in the VAT sense. In this respect, the VAT view differs from the income tax view. Rental income is subject to turnover tax, but a tax exemption applies. Accordingly, no …
With the amendment of the Real Estate Transfer Tax Act in May of this year, the legislator changed the Real Estate Transfer Tax after a long discussion and made it much stricter in some points. For example, land transfer tax was only triggered in the case of transfers to real estate companies …
Gifts to employees are generally benefits which, according to the assumption of the tax office, are made on the basis of the employment relationship. Accordingly, the actual value of the gift is taxable. However, if the gift is merely a gift from the employee on the occasion of a personal event …
The use of a company vehicle by the entrepreneur for private purposes means an advantage for him in his private sphere for tax purposes. This is because it may save him the expense of purchasing his own vehicle for private purposes or other non-business purposes (e.g. journeys within the scope …
In principle, entrepreneurs are obliged to issue invoices for the supplies they make or other services they provide. The VAT Act stipulates what information an invoice must contain. If the information is incorrect, the receiving entrepreneur is denied the right to a refund of VAT. In principle, the full name …
Employment contracts between a GmbH and its shareholder-director are regularly a red rag in the context of tax audits and possibly subsequent court proceedings. The tax authorities assume that the managing director’s salary is excessive unless certain conditions are met. The tax authorities regard this as abusive, as they assume …
A sale of a business as a whole always occurs when the essential foundations of a business or a separately managed business are transferred in such a way that the acquiring entrepreneur can continue it without financial expenditure. Tax consequences of the sale According to ยง 1 para. 1a UStG …
With regard to trade tax exemptions for asset management companies, there are two possible types. 1: 1. in the course of the “simple” property reduction pursuant to section 9 no. 1 sentence 1 GewStG, a double burden with real taxes – trade tax and property tax – is to be avoided at …