Accountancy

Contents Legal Framework  What must payslips in Germany contain? FAQs Want to know more?  Legal Framework for payroll accounting A pay slip or salary statement is the right of every employee. Every employer is therefore obliged to issue a monthly payslip. The legal basis of the payroll system has three pillars: GewO:  The remuneration components …

Contents Components of non-wage labour costs Non-wage labour costs for employers How do statutory non-wage labour costs work?  Special non-wage labour costs Variable & voluntary non-wage labour costs Example non-wage labour cost calculations What is the purpose of these costs? Would you like to know more?    What are the components of non-wage labour costs …

Contents What is Gehaltsabrechnung?  Payroll abbreviations  Further tips Want to know more? What is Gehaltsabrechnung? This payslip in Germany goes by several names: Mainly Gehaltsabrechnung but also Entgeltabrechnung and Lohnabrechnung. As the name suggests, this document clearly shows the gross and net values of an employee’s remuneration and proves the employee’s financial entitlements. Once a …

Contents What is the Kleinunternehmerregelung? What are Umsatzsteuer & Vorsteuer? How can I apply for the Kleinunternehmerregelung? What are the profit & turnover limits? What are the advantages? What are the disadvantages? How much tax will I have to pay? What should my invoice include? Other features How can I stop being a Kleinunternehmen? Kleinunternehmer …

Contents  The profits of a GmbH Appropriation of profits Profit distribution & capital gains tax  Partial income procedure Example of profit distribution taxation Creation of reserves Hidden profit distribution Trade tax Wage tax VAT Land tax & land transfer tax Want to know more about tax in Germany?   The profits of a GmbH Every …

Contents What is a VAT ID (USt-IdNr)? Who needs a USt-IdNr? What does the USt-IdNr look like? Where can you apply for the USt-IdNr? Where does the USt-IdNr appear? What is meant by intra-Community acquisition? FAQ How can I check a VAT-ID number? What happens if the number is wrong? Can foreign entities utilise a …