Kommilitonen im Kurs Aspects of Business Taxation an der Hochschule Rhein-Waal. erstellen und teilen Zusammenfassungen, Karteikarten, Lernpläne und andere Lernmaterialien mit der intelligenten StudySmarter Lernapp. Jetzt mitmachen!
Jetzt mitmachen!
Aspects of Business Taxation
Unlimited tax liability
§1 EStG : Natural person, with residence or habitual abode in GER are subject to unlimited tax liability
Aspects of Business Taxation
Principle of Ind. Taxation
Only income generated by individual is taxed. Married = joint assessment IF:
Tax Subject:
Individual may encounter
Aspects of Business Taxation
Aspects of Business Taxation
Name the 7 categories of Income
Profit Inc. Category
Surplus Inc. Categories
-> a taxpayer can earn income from various categories
Aspects of Business Taxation
Aspects of Business Taxation
What is Substantive tax law?
=> enumerate tax-privileged purposes:
ex: which purpose an entity must serve to be recognised as a charity able to :
- collect donations which are deductable for donee
Aspects of Business Taxation
What is Procedural law
Makes up major part of Fiscal code and deals with how law is administrated between taxpayer and tax authorities
In case tax payer chllenges assessment :
--> Appeal Procedure
In case of fraud --> Criminial & fine procedure.
Aspects of Business Taxation
Assessment Procedure §149 AO
- The tax law specifies who is obliged to file tax return. Also anyone requested by the revenue authorities to file a return is obliged to do so.
Once obliged, §149 specifies deadline:
- 31.following year
- special rule to extend until 28.2 2.following year if tax advisor engaged
If tax payer fails to file. T. Authorities can impose:
- Late-fining penalty of 0.25%/p.m of tax assess. Min. of 10 € and max 25,000 € §152
- Interest rate start 15months after end of tax year
Aspects of Business Taxation
Notification Procedure §155
tax payers notified about tax assessment by tax notice.
§157 AO : tax notice shall be :
=> for tax assessment to come into effect, notice has to be disclosed to person intended.
--> notice is disclosed 3 days after posting ( in GER, 1 month abroad). If 3rd day is weekend or hol. notice is disclosed on next working day §108BGB
Aspects of Business Taxation
Aspects of Business Taxation
What is the Fiscal Code
It is a known as a skeleton law : A central book from which others are growing.
- encompasses tax provisions applicable to other tax acts. Avoids repetition of same provision in each legal act.
-> The fiscal code regulates 2 legal spheres:
1. Substantive ( material ) tax law
2. Procedural(formal) tax law
Aspects of Business Taxation
Unlimited liability on application
Natural person with neither residence or habitual abode
-> At least 90% of income in calaender year subject to German income tax
OR
-> the income subject to GER IT do not exceed basic tax allowance : 9,168€
Für deinen Studiengang Aspects of Business Taxation an der Hochschule Rhein-Waal gibt es bereits viele Kurse auf StudySmarter, denen du beitreten kannst. Karteikarten, Zusammenfassungen und vieles mehr warten auf dich.
Zurück zur Hochschule Rhein-Waal ÜbersichtsseiteSchau dir doch auch Aspects of Business Taxation an anderen Unis an
Zurück zur Hochschule Rhein-Waal ÜbersichtsseiteStudySmarter ist eine intelligente Lernapp für Studenten. Mit StudySmarter kannst du dir effizient und spielerisch Karteikarten, Zusammenfassungen, Mind-Maps, Lernpläne und mehr erstellen. Erstelle deine eigenen Karteikarten z.B. für Aspects of Business Taxation an der Hochschule Rhein-Waal oder greife auf tausende Lernmaterialien deiner Kommilitonen zu. Egal, ob an deiner Uni oder an anderen Universitäten. Hunderttausende Studierende bereiten sich mit StudySmarter effizient auf ihre Klausuren vor. Erhältlich auf Web, Android & iOS. Komplett kostenfrei. Keine Haken.
Bestes EdTech Startup in Deutschland
Du bist schon registriert? Hier geht‘s zum Login