What is actually a tax declaration?

Ah, to be rich. Then you wouldn’t have to worry about finances any more and you could just pay a tax advisor to do your taxes for you, then you don’t have to worry about the tax office. It doesn’t really matter then how much of your fortune the government takes, because there is more than enough dough for 10 lifetimes.

However, John Everyuser sees this a bit differently. When life starts getting serious and you are starting to earn your own money, then you can normally expect to do an income tax declaration.

So, now is the time to start taking life serious and deal with this subject. We will explain what it’s all even about and we will answer your questions.

Income tax declaration

Simply formulated, the income tax declaration shows the tax office your earning capacity. The tax office can determine the amount of income tax that has to be paid monthly as long as you have a job, with which you earn more than €450/month.

Sometimes, the situation arises that the taxpayer has paid too much taxes in a year, so if you fill out a tax declaration and ideally, you will profit from a tax refund.

Naturally, it can happen that you haven’t paid enough taxes. This tends to effect freelancers often. In order to find that out, a lot of information has to submitted to the tax office. You will have to fill out a cover form and possibly several other tax forms.

Which tax forms are there?

This topic can be very extensive and complex to deal with. We are trying to give you a simple and concise answers to this question. Additionally, we list the most relevant tax forms and give you somewhat more detailed information about them.

Cover form:

  • 4-page main form
  • Must be completed by everyone
  • Contains general information about a person (name, address, banking account information etc.)
  • Workman services or disabilities are submitted here

Form N:

  • Income from non-self-employed work is listed
  • Earnings, paid wages and advertising costs are listed here

Form S:

  • Important for self-employed workers or freelancers
  • Earnings and losses are specified here

Form G:

  • Profit and loss of a commercial operation are kept here

Form Vorsorgeaufwand (expenses for financial security):

  • Paid insurance premiums and expenses for retirement belong in this tax form
  • Contributions for statutory retirement, unemployment, medical and healthcare insurance
  • Contributions for private medical and healthcare insurance as well as accident and liability insurance

Form KAP:

  • ROI from custody accounts, bank deposits etc. are submitted here

Form AV:

  • Information about Riester contracts
  • Possible government allowances are permitted here

Form V:

  • Income from rental property
  • Property owners are obligated to fill out this tax form

Form R:

  • Relevant for pensioners
  • Application assessment and compulsory tax assessment play a role here

Form EÜR:

  • For freelancers and the commercially employed
  • Operating income must be higher than €17,500.00

Form U:

  • For maintenance payments that do not exceed a limit of €1,805.00
  • Maintenance is entered as a incidental expenses
  • Requirement: (Ex-)Partner pays taxes on their wages

Deadlines

Tax declarations can’t just be submitted at any time. It’s often the case that there is a deadline for this that must be adhered to.

An income tax declaration always has to be submitted to the tax office by May 31st of the following year. Those who did not earn wages then have until December 31st of the following year to do their tax declaration. However, those that do not have to submit a tax declaration can do so retroactively up to 4 years.

Sure, it all sounds pretty complicated, but it doesn’t have to be

There isn’t a complicated form to fill out with our tax tool custom made for employees, data retrieval is much easier in a simple interview format. A lot of help and tips make it possible for you to do your own taxes, regardless of what device you use. Whether it be a PC, laptop, tablet or smart phone - it doesn’t matter which device you use. Subsequently, the data is automatically transferred and can be sent directly to the respective tax office online.

Register now for free and have your tax refund calculated!

Tax tips & Tax information

by Hannes on 09.01.2019

Tax Declaration Forms

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