Fair Audit GermanTax Information 2014

FAIR Audit Geries Harder Stubley PartG mbB Wirtschaftsprüfungsgesellschaft Member of JPA INTERNATIONAL – Audit, Accounting, Consulting Niedernstraße 10 – 20095 HAMBURG - GERMANY T: +49 40 33 47 53 5-0 / F: +49 40 33 47 53 5-26 / W: www.fair-audit.com / E:... More

FAIR Audit Geries Harder Stubley PartG mbB Wirtschaftsprüfungsgesellschaft Member of JPA INTERNATIONAL – Audit, Accounting, Consulting Niedernstraße 10 – 20095 HAMBURG - GERMANY T: +49 40 33 47 53 5-0 / F: +49 40 33 47 53 5-26 / W: www.fair-audit.com / E: info@fair-audit.com Overview of German Tax Information 2014 1. Filing period » Tax returns must be transmitted to the tax office until May 31 st of the following year » Extension of this deadline until December 31 st of the following year if tax returns are prepared by a tax advisor » Late filing may cause penalty-fees and interests 2. Income Tax for Individuals » Individuals with domicile (“Wohnsitz”) or main residence of at least 180 days per tax year (“Gewöhnlicher Aufenthalt”) in Germany are unlimited tax payers and subject to income tax on their worldwide income » A solidarity surcharge of 5.5% is payable on the income tax » Church tax will be levied as a surcharge on income tax if tax payer has a religious denomination (tax rate Less