2. Mai 2025
Innova online-service
Welcome to Innova Steuerberatungs GmbH, your experts in tax consulting in Germany. Our team specializes in supporting foreign companies and individuals with their tax matters in Germany. Whether it’s about setting up a GmbH, VAT issues, or international inheritance tax matters, we’re here with the expertise and experience to assist you.
Your specialists for corporations
Specialist for corporations, Managing Director of Innova, consultation language also in English
your specialist for income tax & business valuation, also advises you in English
News
No Unlimited Tax Liability in Germany: Property Ownership and Family Visits – When Does Unlimited Tax Liability Apply?
The Baden-Württemberg Tax Court (FG Baden-Württemberg vom 12.6.2024 (7 K 1568/22)) has made a significant ruling on the question of unlimited tax liability for persons
20. Februar 2025
Neuer Anwendungserlass zur Kassennachschau nach §146b AO
Rechtliche Stellung Eine Kassennachschau ist keine Außenprüfung, deshalb gelten auch die Vorschriften für eine Außenprüfung nicht. Die Kassennachschau kann jeder Zeit erfolgen und muss
23. April 2024
Knowledge and topics
1. GmbH Formation and Taxation
Setting up a GmbH in Germany opens up diverse business opportunities. We provide comprehensive advice on the tax obligations, including corporate and trade tax, and the requirements for registering your GmbH with the tax office.
2. Accounting and Bookkeeping
Our team supports you in proper accounting and bookkeeping for your company according to German and international standards. We ensure that your annual financial statements comply with legal requirements and your financial reporting is transparent and reliable.
3. VAT in Germany
VAT is a central challenge in the German tax system. We assist you in navigating VAT law, from registration to handling monthly or quarterly VAT advance returns.
4. Income Tax for Foreigners
Foreign incomes can be taxable in Germany. We offer individual advice to ensure that you submit all required income tax returns correctly and take advantage of possible tax benefits.
5. Inheritance and Gift Tax
We advise you on all aspects of inheritance and gift tax in Germany, especially in cross-border situations. Our goal is to minimize tax burdens and avoid double taxation.
6. Double Taxation Agreements (DTAs)
Avoiding double taxation is a key concern for internationally active individuals and companies. We help you fully leverage the benefits of double taxation agreements between Germany and your home country.
7. Tax Declarations for Foreigners in GmbH
As a foreign taxpayer in Germany, you may have certain tax obligations. We support you in preparing and submitting your tax declarations to ensure compliance and avoid penalties.
8. VAT in International Trade
International trade brings complex VAT questions. Whether importing or exporting, services or goods traffic – we ensure your transactions comply with VAT regulations.
9. Investment Advice and Tax Planning
Benefit from our expertise in tax-efficient investment planning in Germany. We develop strategies to minimize your tax burden and maximize your investment returns.
10. Benefit from our expertise in tax-efficient investment planning in Germany
We develop strategies to minimize your tax burden and maximize your investment returns. For expatriates and international employees in Germany, we offer advice on payroll tax and social security issues. We help you meet legal requirements and optimize your tax situation.
faq's
1. How is a GmbH taxed in Germany?
A GmbH is subject to corporate tax, trade tax, and possibly VAT. The taxation depends on various factors, such as the company’s location and type of business activity.
2. What should I consider in my company's accounting?
In Germany, companies must do their accounting according to HGB or IFRS. This includes proper bookkeeping, annual financial statements, and possibly disclosing balance sheets.
3. How do I register my company for VAT?
Companies need to register with the tax office for VAT. This involves the regular submission of VAT advance returns and annual declarations.
4. Am I liable to pay income tax in Germany as a foreigner?
This depends on your tax residence and the source of your income. Individuals with residence or habitual abode in Germany are subject to unlimited income tax liability.
5. How is international inheritance tax handled in Germany?
Germany imposes inheritance tax on the worldwide estate of residents. There are allowances and possibly credits under a DTA.
6. How do double taxation agreements (DTAs) work, and how do they affect my tax situation?
DTAs between Germany and other countries are designed to avoid double taxation. They determine in which country different types of income are taxed and can significantly influence the tax liabilities of foreigners living in Germany.
7. What should I consider when submitting a tax return in Germany as a foreigner?
Foreigners who are taxable in Germany may need to file an annual tax return under certain conditions. This includes details of worldwide income, claims on double taxation agreements, and other relevant tax information.
8. How is VAT handled in international trade?
VAT regulations for international transactions are complex. Imports into the EU can be subject to VAT, while exports are often VAT-free. Services may be subject to different regulations, depending on the type of service and the place of performance.
9. What tax aspects should I consider when investing in Germany?
Investments in Germany can have various tax consequences, including income, corporate, trade, and VAT. Tax structuring and taking advantage of tax incentives are important aspects to consider.
10. How are payroll tax and social security handled for foreign employees in Germany?
Foreign employees in Germany are subject to payroll tax and must contribute to social security. There are special regulations for posted workers and expatriates, including the application of social security agreements and tax exemptions.
