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anTTraXX
1 year ago

On the way, there is no small business, it is called business.

Value added tax: if you are not a small entrepreneur, idR 19% of the turnover is due. You have forwarded the VAT to your customers

The limit is:

  • $2,000 sales in the current year

and

  • 50.000€ not expected in the following year

The approach begins every year.

If you are in year 1 below 22,000€ and in the following year probably not more than 50,000€, the CUR is possible.

If you are over €2,000 in a year, the CUR is not possible in the following year. Once you’re under 22,000€ in a year, KUR would be possible again

Income tax: Here all types of arrival are combined and, after deduction of special expenses and exceptional charges, form your taxable income. Here the first about 10.908€ is tax-free.

This is expected

  • Income from non-compulsory labour = gross wage – Advertising costs
  • Business income = Turnover – Operating expenditure
  • Income from independent work = turnover – operating expenditure
  • Income from rental and lease = Rental income – Advertising costs

Income from business + any further income = total income and probably also = total income

Total income – Special expenditure – extraordinary charges = taxable income

The income to be taxed forms the basis of the burden of income tax.

The wage tax which may be retained by the employer is, of course, calculated on the income tax debt

Trade tax: The FA sets a measured amount from a trade yield of 24,500€, your resident community (or where your business is located) applies its lifting rate and then sets commercial tax.

siola55
1 year ago

There is no “small industry”; you mean the small business operator control:

Industrial workers and employees are entrepreneurs – also with such a small and, if necessary, secondary self-employment.

The often used terms “small industry” or “small industry” do not exist in the reality of laws and regulations. Both are entrepreneurs.

The term “value added tax” also originates more from the language of use than corresponding laws. In this page, the term “transaction tax” is used.

However, there are two procedures for traders and employees in terms of turnover tax:

  • Ruler control

The Entrepreneur pays VAT/exemption tax in his invoices and transfers it to the tax office. The tax on turnover which he himself paid to his company for deliveries or services is refunded by the tax office.

The Entrepreneur points in his accounts No VAT/ turnover tax. He can also No Tax payable by the tax office.

For Sales under 22,000 € per year (often at the beginning of self-employed business) you can choose between these types of taxation. Arguments for or against the two types of taxation can be found in my page Business-FAQ.

Read more in clicktipps.de or in the link here: https://www.klicktipps.de/business change entrepreneurs.php

Greetings siola55

siola55
1 year ago
Reply to  siola55

PS: In klicktipps.de you will also find information, clues and many, many tips for creating your own business under https://www.klicktipps.de/gewerbe.php

Rango82
1 year ago

Income Tax and if you do not use the Small Business Scheme, then VAT plus, if applicable. Trade tax.

It’s best to talk to your tax advisor.

Joosh9
1 year ago

Revenue depends on the year. Up to 24500€ per year you are exempt from the trade tax. You still have to pay income tax, you have to make a tax return. Then there are gradations with the annual turnover.

The most sensible thing is you google and inform yourself about it.

Mungukun
1 year ago
Reply to  Joosh9

Up to 24500€ per year you are exempt from the trade tax.

Up to 24,500 € Profit. Even if sales are €1 million.