![]() ![]() ![]() Grundfreibetrag (basic income allowance): This is the amount everyone is allowed to take home tax-free. Some of these deductions you should consider are: Therefore, when you file your tax returns, Finanzamt refunds you the amount of tax incurred on this amount. These are costs you incurred that should have NOT been taxed the same as your kawaida costs. These are basically where all the money rests (is that a direct translation from Swahili, oh well). For those on mini-jobs or midi-jobs, no income tax is deducted so filing a tax return is futile. If you paid no taxes, then there’s no refund to worry about. Lohnsteuer:ĭid you pay any Lohnsteuer for that year? Essentially, your tax returns are based on the amount of tax you paid and if you paid more taxes than required, then you get a refund. Is it worth it?īefore we get into how you can file for tax returns, there are a few issues to consider, to decide whether to undertake this very boring and tiring assignment. The whole process for filing the tax returns can take up to 3 months from the day you hand in the completed forms until you get the refund in your account. For example, this year, 2018, you can file returns for 2017, 2016, 20. It’s recommended, you file annually.įor employees or students (only if you are paying Lohnsteuer), you can wait up to four years. Timelineįor business owners, you have to file your tax returns latest every 2 years. For business owners, using a tax consultant is not optional, if you aren’t well versed with the tax laws, a tax consultant will save you hours, money and possibly prison (if end up filing your taxes wrong). Well, the easiest way is to get a tax consultant ( Steuerberater) to do it, but sometimes, this can turn expensive or you don’t know any that you can trust. ![]()
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