Never really used a business, but now filing a tax return anyway?

Bylucaglh

Hello,

I registered a business in 2023 as a student, after turning 18 and still living with my parents. However, my plans and ideas regarding the business have since changed. In fact, I never actively used the business and generated neither revenue nor profits nor costs.

I recently received a reminder to file my 2023 tax return. Now I'm wondering to what extent I have to file a tax return and what information I should provide, since I haven't actually used the business.

It would be very helpful if someone could help me with this.

Best regards

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Mungukun
Mungukun
6 months ago

Now the question arises for me as to whether I have to file a tax return

Insofar as you have to submit tax returns for a business person:

  • Income tax return with Annex G
  • Profit determination (EÜR or balance sheet)
  • VAT return

and what information I should provide since I have not actually used the business.

Then you enter €0 for income and expenses, if that is the case.

If you will no longer be operating the business in the future, you should also deregister it properly.

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Osterkarnigel
Osterkarnigel
6 months ago

It doesn't matter whether you used it or not. You registered it, and with that comes the obligation to file a tax return.

You will also have to do one for 2024, so I would recommend deregistering the business.

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