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ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Overview about theOverview about theGerman TaxationGerman Taxation
Income fromIncome fromTrade or BusinessTrade or Business
andandSelf-EmploymentSelf-Employment
WP/StB Dipl.-Kfm. Hans-Dieter VietmeierWP/StB Dipl.-Kfm. Hans-Dieter Vietmeier
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
22
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Income TaxIncome TaxRate structure (2010)Rate structure (2010) €€ % %Pers.exemptionPers.exemption < 8004< 8004 0 0Progressiv zoneProgressiv zone < 52.882 14 – 42< 52.882 14 – 421.Proportio.level1.Proportio.level > 52.882> 52.882 42 422.P.level „rich-tax“>250.7312.P.level „rich-tax“>250.731 45 45
(+ solidarity surcharge 5,5 %) (+ solidarity surcharge 5,5 %) Double levels „splitting-tarif“ Double levels „splitting-tarif“
(couple)(couple)
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Income TaxIncome TaxSeparate tax rates for Income Separate tax rates for Income
from from capital investmentscapital investments (>2009)(>2009)
25,0%25,0%(+ solidarity surcharge 5,5 % = (+ solidarity surcharge 5,5 % =
26,375%)26,375%)Not: capital gains from trade or Not: capital gains from trade or
business, only business, only privatprivat cap.gainscap.gains
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
– ExamplesExamples IncomeIncome Inc.taxInc.tax sol.s.sol.s. totaltotal
– Singles (basic)Singles (basic) 50.00050.000 12.84712.847 707 13.554 707 13.554 100.000100.00033.82833.828 1.861 35.6891.861 35.689
– couples (splitting)couples (splitting) 50.00050.000 8.212 8.212 452 452
8.6648.664 100.000100.00025.69425.694 1.413 27.1071.413 27.107
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
„„Specials“Specials“ ““Solidarity-Surcharge“Solidarity-Surcharge“
=> tax x 5,5 % => tax x 5,5 % – max. 45,0 % x 5,5 % = 2,475%max. 45,0 % x 5,5 % = 2,475%
=> total: 45,0 + 2,475 = => total: 45,0 + 2,475 = 47,5 47,5 %%
„„Church Tax“Church Tax“=> tax * 9,0 % => tax * 9,0 % – max. 45,0 % * 9,0 % max. 45,0 % * 9,0 % = 4,05 %= 4,05 %
=> => deductible deductible tax 4,05 % - (45,0 % * tax 4,05 % - (45,0 % * 4,05 %)4,05 %) = 2,23%= 2,23%
– Total: 47,475 % + 2,23 % = Total: 47,475 % + 2,23 % = 49,7 %49,7 %
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Income fromIncome from
Trade or BusinessTrade or Business+ Trade + Trade
TaxTax
Self-EmploymentSelf-Employmentnono trade tax trade tax
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Trade TaxTrade Tax ExemptionsExemptions
– natural persons and partnershipsnatural persons and partnerships 24.500 24.500
– CorporatesCorporates no ex. 0 no ex. 0 Tax Basis: trade income (profit Tax Basis: trade income (profit
+/- modifications)+/- modifications) Tax rate: 3,5% x municipal Tax rate: 3,5% x municipal
faktor faktor (Berlin: 410% (Berlin: 410% 14,35%)14,35%)
reduces income tax (t.t. credit / reduces income tax (t.t. credit / indifferent faktor: 403%)indifferent faktor: 403%)
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Corporation taxCorporation tax Exemptions: normaly 0Exemptions: normaly 0 Tax Basis: (trade-) income Tax Basis: (trade-) income
(profit +/- modifications)(profit +/- modifications) Tax rate (2008 ff): 15,0 % Tax rate (2008 ff): 15,0 % + solidarity surcharge + solidarity surcharge
5,5 % = 15,825% 5,5 % = 15,825% + trade tax + trade tax withoutwithout tax- tax-
credit credit 15,825 + 14,35= 15,825 + 14,35= 30,175%30,175%
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Profit distribution (rounded)Profit distribution (rounded) profit: profit: 100 100 Corporate taxCorporate tax - - 1616 Trade taxTrade tax - - 1414 Net-profitNet-profit 7070 Inc. tax f. cap. Inc. tax f. cap. - - 18,518,5
+ sol.s.+ sol.s. = 26,375%)= 26,375%) Net-incomeNet-income 51,551,5
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemption: closing down business Exemption: closing down business („once in a life“ / not shares)(„once in a life“ / not shares)
Taxpayer > 55 years old (or disabled)Taxpayer > 55 years old (or disabled) Exemption (benefit)Exemption (benefit) 45.000 €45.000 €
- reduces when > 136.000 €- reduces when > 136.000 € Reduced tax rate: 56% of normal Reduced tax rate: 56% of normal
taxationtaxation
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemption: capital gains on sales of Exemption: capital gains on sales of a shares of a corporationa shares of a corporation
Proportion: > 1% within the last 5 y. Proportion: > 1% within the last 5 y. Taxpayer > 55 years old (or disabled)Taxpayer > 55 years old (or disabled) Exemption (benefit)Exemption (benefit) 9.060 €9.060 €
- reduces when > 36.100 €- reduces when > 36.100 € Reduced tax rate: 56% of normal Reduced tax rate: 56% of normal
taxationtaxation
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemption: formation of reserves Exemption: formation of reserves for sales of land, buildings for sales of land, buildings
Transferable amount: profit sales-Transferable amount: profit sales-price (+) book-value (-) sales-costs price (+) book-value (-) sales-costs (-)(-)
Transfer rate: 100% on re-Transfer rate: 100% on re-investmentinvestment
Re-investment period: 4 y. old / 6 y. Re-investment period: 4 y. old / 6 y. new real estatenew real estate
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemption (?): depreciations Exemption (?): depreciations Goodwill: Goodwill:
– Business/trade Business/trade 15 years15 years– Self Employ. (practice) 3-5 y. / 6-10 y.Self Employ. (practice) 3-5 y. / 6-10 y.
Investment deduction for SME (net-Investment deduction for SME (net-capital < 235.000): capital < 235.000): – Investment deduction amount for the Investment deduction amount for the
future acquisition 40% / max. 200.000future acquisition 40% / max. 200.000– Transferable in follwing 3 yearsTransferable in follwing 3 years– Movable assetsMovable assets– Special depreciation: + 20% additionalSpecial depreciation: + 20% additional
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Example: SME buys a mashine (2.y.)Example: SME buys a mashine (2.y.)Price / valuePrice / value 500.000 500.0001. Year1. Year (40%)(40%) -200.000-200.000
300.000300.0002. Year depr.sp.20%2. Year depr.sp.20%- 60.000- 60.000 depreciation, normal depreciation, normal - 30.000- 30.000 book value (42%)book value (42%) 210.000210.000 depreciation over all : depreciation over all : 58%58%
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemption (?): loss deductionExemption (?): loss deduction Losses on trade or business (self.E.) Losses on trade or business (self.E.)
equalize other income 100%equalize other income 100% Loss carryback: deduction of negative Loss carryback: deduction of negative
income in Y1 adjustes gross income of income in Y1 adjustes gross income of previous Y0 (optional) – max. 511.500 previous Y0 (optional) – max. 511.500 (double 1.023.000 for couples)(double 1.023.000 for couples)
Carryforward: not time-limit Carryforward: not time-limit – Losses< 1 Mio: 100% / > 1 Mio. only 60%Losses< 1 Mio: 100% / > 1 Mio. only 60%
Also for „corporates“Also for „corporates“
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemptions (?): expenses for cars, Exemptions (?): expenses for cars, travel etctravel etc
CarsCars > 50% business use > 50% business use „asset“ „asset“
Expenses: no real limit, all costs incl. Expenses: no real limit, all costs incl. depreciation (6 y. for new cars)depreciation (6 y. for new cars)
correction: personal usecorrection: personal use
a) 1% original list-price per month a) 1% original list-price per month oror
b) documentary evidence (properly b) documentary evidence (properly kept log book – real percentage of kept log book – real percentage of relation)relation)
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Reimbursement business use by own Reimbursement business use by own car car – Documented costs (above)Documented costs (above) x,xx €/Kmx,xx €/Km– Or flat rateOr flat rate 0,30 €/Km0,30 €/Km
Entertainement (lunch)Entertainement (lunch) deduct.= deduct.= 70%70%
Gifts/advertising itemsGifts/advertising items < 35,-€ < 35,-€ p.p.y.p.p.y.
Bribes/kickbacks –disallowance (crime)Bribes/kickbacks –disallowance (crime)
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Exemptions : inheritance/gift Exemptions : inheritance/gift tax for business assetstax for business assets
a) 85% privileged, whena) 85% privileged, when- 7 years keeping business in 7 years keeping business in
operation operation - > 650% total payroll in 7 y. > 650% total payroll in 7 y.
b) 100% privileged, whenb) 100% privileged, when- 10 years keeping business in 10 years keeping business in
operation operation - > 1000% total payroll 10 y. > 1000% total payroll 10 y.
(risk!!)(risk!!)
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Tax allowance (bus.value)Tax allowance (bus.value) 150.000150.000– decreases 50%amount > 150.000decreases 50%amount > 150.000
Personal exemptions (tax classes 1-Personal exemptions (tax classes 1-3)3)– 1. Spouse1. Spouse 500.000500.000– 1. Children1. Children 400.000400.000– 1. Grand-children1. Grand-children 200.000200.000– 2. degree related2. degree related 20.000 20.000– 3. All others3. All others 2.000 2.000– 3. Regist. partn. same-sex3. Regist. partn. same-sex 500.000500.000
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Special pension allowanceSpecial pension allowance– SpousesSpouses 256.000256.000– Children different age 52.000 – 10.300Children different age 52.000 – 10.300
Tax ratesTax rates % % cl.1cl.1 cl.2cl.2cl.3cl.3 75.000 75.000 7 7 1515 3030 300.000300.0001111 2020 3030 600.000600.0001515 2525 30306.000.0006.000.0001919 3030 3030
…… ……Above 26. MioAbove 26. Mio 3030 4343 5050
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
ACEE – Meeting Berlin 27. May 2011ACEE – Meeting Berlin 27. May 2011
Conclusion: Germany is no tax haven,Conclusion: Germany is no tax haven,but „reasonable tax conditions“but „reasonable tax conditions“
work hard in reasonable German work hard in reasonable German economic conditions,economic conditions,
leave business profits in your cash box – leave business profits in your cash box – stay „poor“ personally,stay „poor“ personally,
be glad driving a beautiful - tax deductible be glad driving a beautiful - tax deductible -business car (so you look „rich“),-business car (so you look „rich“),
leave a real rich widow (because you leave a real rich widow (because you worked too hard!),worked too hard!),
so that SHE feels in Germany‘s „tax so that SHE feels in Germany‘s „tax haven“ haven“
WP / StB Dipl.-Kfm. WP / StB Dipl.-Kfm. Hans-Dieter Vietmeier Hans-Dieter Vietmeier
Thanks to the Thanks to the audience for listeningaudience for listening
Questions and remarks?Questions and remarks?
Dipl.-Kfm. Hans-Dieter Vietmeier Dipl.-Kfm. Hans-Dieter Vietmeier Wirtschaftsprüfer / Steuerberater Wirtschaftsprüfer / Steuerberater Am Rutenwall 2 Am Rutenwall 2 46535 Dinslaken 46535 Dinslaken Tel. 02064 / 4321 - 00 Fax …- 01 Tel. 02064 / 4321 - 00 Fax …- 01
E-mail: [email protected]: [email protected]