Questions tagged [germany]

to be used for any question within the geographical region of Germany

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5
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1answer
198 views

Tax deduction macros in Python for Germany

I work to implement a set of German tax deduction macros in Python for private use and have some errors, one of my troubles is correct deduction of Lohnsteuer. There are quite many online calculators ...
4
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0answers
222 views

Why does Mastercard allow Santander (Germany) to issue a Maestro card with a revolving credit?

Maestro is a debit card product by Mastercard. So far I have only seen or heard of cards which are one of the following: Linked to a checking account at the same bank that issued the card Linked to ...
2
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0answers
57 views

Why invest in managed mutual funds? [duplicate]

As I can see it, nearly no managed mutual funds beat the index over more than 5/10 years. They don't only have to beat the index, they also must get the fees back to outperform the index fund. So why ...
0
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1answer
78 views

Where do I pay taxes when payed by Finnish company as German citizen?

If I am paid by a company that is based in Finland while I am a German citizen, where do I pay taxes and to which government? If to only one, do I need to tell about it? I am a citizen of Germany. ...
42
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12answers
14k views

Should I buy a house now before prices rise even more?

We rent an apartment in Frankfurt, Germany and we are contractually bound to it for another 1.5 years. We are 33 and 35 years old and there will be children soon. We make around 110k € annually (...
5
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3answers
395 views

When would it be better to pay my public transport ticket at once vs. in 12 monthly installments?

I live in Germany and I use public transport to go to work. I have a yearly public transport ticket which costs 1000€. The transport association offers me the choice of paying 1000€ in one transfer ...
11
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8answers
7k views

Is it better to take highest mortgage you can afford?

My partner and I are looking to buy at the moment. I won't get into all the details but we live in Germany, have a budget in mind and have talked with a few brokers and providers. Our idea for the ...
26
votes
6answers
7k views

Umlaut Character in Account Holder Name (German Bank)

I sent a payment through international bank transfer to Germany. But, the account holder name has special characters like ö, ä, ü, and etc. In my case, it's ü. Is there any other words that are ...
4
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1answer
126 views

Tax category in germany when paying for girlfriend rent/education (not married)

I am going to care of my partner during the time she does her master. She's persian and will do her master in Germany. I'll basically be responsible to pay for life costs, universities etc. I know ...
2
votes
1answer
137 views

What are the fees for selling ETFs from a savings plan in Germany?

When I create a savings plan for ETFs in Germany at a german bank, I collect securities, ETFs in this context, over time. After the end of my savings plan's duration, I do not exactly understand what ...
0
votes
1answer
177 views

Investing in German stocks as a USA citizen

I currently invest in a German company through an ADR, but have been informed that the ADR is being shutdown. I am thinking about investing directly on the German stock market. What fees, taxes, etc....
1
vote
1answer
452 views

Investment strategies for an 17/18 year old

Background: I am 17 years old, finishing school and turning 18 in 3/4 years. I'm planning on going to college/university directly after school. I have a private Giro with ~1000€ (0.2% interest) and a ...
4
votes
2answers
333 views

Used to have German current account, left without closing it

In 2011 I spent a few months in Berlin and opened an account with Berliner Sparkasse. I left the country (returned to the UK) but neglected to close the account (every interaction with the bank ...
57
votes
5answers
15k views

Borrowing money in one country to pay off debt in another

I'm currently living in Germany and can borrow a substantial amount of money at almost no interest, effective 3.4%. In my home country I have several mortgages, basically at the moment funding ...
1
vote
4answers
227 views

How do I avoid excessive fees when I get paid in CHF and need EUR?

I live in Germany and will soon receive monthly payments in CHF. How can I best transfer this money to my local bank account (EUR)? My local bank charges 20 € per conversion and uses an unfavorable ...
0
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2answers
183 views

Germany tax refund

My fiancé and me are planning to get married before the end of this year. I'm Egyptian and he is German. Can we do the tax refund before the end of this year or we hv to wait till next may? Can we do ...
0
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2answers
185 views

Can I get a full-time job in Germany but ask the German company to sign contract with my own corporate in Canada instead of myself?

I found a full-time job and I am moving to Germany. I've established a corporate in Canada and did some consultant job through it. Is it possible for the Germany company to sign the contract with my ...
53
votes
4answers
15k views

Random and anonymous `western union´money transfers into my account, is it a scam?

Two months ago I received a money transfer of around 200 € into my account from a company called Custom House Financial UK, which turns out to be an affiliate of Western Union (ie. they do money ...
3
votes
1answer
139 views

Receiving stock as a gift in Germany

I’m looking to gift my brother some stock that I currently hold in my name in the US. He lives in Germany, and I’m having trouble finding how that would be treated under German tax law. Would he be ...
3
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0answers
165 views

What happens to my U.S. Social Security and pension if I retire in Germany?

If I retire in Germany, can I receive my U.S. Social Security and pension there, and will it be taxed?
1
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0answers
57 views

Germany tax class residence permit valid anmeldung

I was in Germany last year for more than six months and I have a valid RP as well. Now, I am planning to move back to Germany for just 2 months for a work assignment under Short-term WP. Now my ...
1
vote
1answer
92 views

Does one pay tax for “Betrag der ausschüttungsgleichen Erträge” of an accumulating ETF in Germany?

There are some accumulating ETFs which may create taxable events. Previously they were considered "tax-ugly", because it was possible to double-pay some tax. After tax reform in 2018 there is a tax-...
2
votes
2answers
243 views

Loan & building a house in Germany (Bavaria)

I would like to ask what are conditions when you want to build a house in Germany. Is it necessary to have your own savings before you ask the bank for a loan or you can ask for 100 % loan.
2
votes
1answer
133 views

What are risks / expenses to buy a house in Germany?

I think about buying a house in Germany (Frankfurt). How can I learn full list of expenses I should pay next at least ~15 years? My friend scares me that there are always hidden problems like central ...
5
votes
5answers
4k views

Investment options for a 26 year old living in Germany

This question might seem quite broad, but my intention is just to get some basic understanding of the investment options available in Germany considering the fact that I am new to the world of ...
1
vote
2answers
443 views

Tracking S&P in Germany

I would like to buy stocks that track the S&P500 in Germany (German citizen - I live and pay taxes in Germany). If I was in the US, I would probably go for an ETF like VOO (Vanguard S&P 500 ...
0
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3answers
602 views

Can money work that hard for you?

Yesterday I was thinking about this: Assume you have around 600.000€, and get around 10% to 25% annual return on a fairly aggressive fund investment. Now assume that each year you take out 80.000€ ...
1
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0answers
812 views

Money Transfer with wrong IBAN

i made a send payment from 5 days ago and now I was surprised that i forgot one number from IBAN and IBAN is incorrect,does that mean money still in my country? i know that the Bank will receive ...
3
votes
1answer
170 views

KMyMoney: Extract payee from memo field using regular expressions

short version: How does the "Extract payee from memo field" feature in KMyMoney work? You can find it here: KMyMoney > Accounts > Choose account > "Edit Account" > "Online Settings" > "Extract payee ...
6
votes
1answer
2k views

How to pay taxes for ETFs in Germany?

When I invest in ETFs and I generate profit, do I have to pay taxes for the distribution or the appreciation of value of my ETF positions? If yes, how to pay these taxes and where? Is this ...
0
votes
1answer
507 views

Customs for shipment from USA to Germany

I would like to participate in a giveaway a certain US-based company is doing right now. They are randomly selecting two recipients for a high-end (about USD 1200 in value) consumer-grade electronics ...
1
vote
2answers
265 views

“Guesstimating” the value of a property

Country is Germany, in case that’s even relevant. Some fifteen years ago my parents bought a property together with one of my brothers (referred to as “brother A” further down) and his wife (so each ...
1
vote
3answers
675 views

Depositing cash to German Deutsche Bank account in Spain

I am going to stay in Spain and will receive some cash compensation during my stay. Since I already have Deutsche Bank and Norisbank account in Germany, I am hoping to deposit the cash to one of these ...
1
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2answers
126 views

How can a retail investor short the German car industry and its suppliers?

Suppose that I want to make a small investment of around 1000€ and that I want to short the German car industry and its suppliers over the long term (5-15 years). How would you do this?
1
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1answer
202 views

How much can owning part of a liquidated company affects my credit score?

As part of my employee compensation when I started working for a small startup, I got 5% of the shares. The company didn't make it and the founder wrote me to tell me that he's going to liquidate it, ...
2
votes
1answer
202 views

sell flat or rent it out as student

I started to study away from home, at the moment I live in my own flat and get everyday by car or train to the university. Its very time consuming as i need about 4 hours everyday only to get there ...
1
vote
3answers
235 views

Is there protection against typos or wrong use of online stock trade systems for private persons

This is more a question out of interest, not for a specific case. If there are regional differences regarding the answer, I am more interested in Central Europe (Germany) than elsewhere. I have not ...
5
votes
2answers
114 views

Can I get import duties refunded when forwarding a product?

A producer of some electronic hardware did not allow for delivery to a non-EU country. I therefore sent it to Germany and it will be forwarded to me by my relatives. However, there are taxes on ...
0
votes
1answer
105 views

Property alienation under German Tax Treaty

I am a U.S. citizen living in Germany and would like to sell some movable property at a higher price than I bought it for. I held it for longer than a year, so I am not subject to German taxation. U.S....
4
votes
1answer
343 views

Medium-term money investment in Germany

I'm an expat from Russia living in Germany and I'd like to invest 10-20k€ for 1-3 years somewhere. Bank deposits have an extremely low interest rate. The most popular investment is property but I'm ...
1
vote
1answer
108 views

How long does a money transfer from Göttingen, Germany to India take, and how can I find what the hold-up is?

I have transferred Money from my friends account to my Indian account as i was not having my own account at göttingen, Germany. It has been more than 20 days but I have not received the amount in my ...
4
votes
2answers
4k views

Cash Deposit to own account Sparkasse Germany, without a card

I just moved in Germany and got an account in Sparkasse. I wanted to deposit some cash on my own account and I don't yet have a card, it's going to arrive later apparently. As far as I gathered it's ...
6
votes
2answers
290 views

What's the easiest legal way to receive small amounts of money in Germany?

I'm currently running a rather small online service with about 100-200 active users. In the past I paid all expenses, mainly the servers, myself. Now that the service reached this number of users, I ...
2
votes
1answer
556 views

What tax class in Germany I will belong to?

I received an offer from Germany. However, my husband is working in France. Both of us are immigrants with temporary residence permit. We don't have kids. In this case, what is my tax class in ...
0
votes
2answers
131 views

Personal finance web service with account syncing in Germany

I haven't found a single site for personal finance management that does bank syncing in Germany. Some that for example do Barclays, restrict to US or UK accounts. Is there any law in Germany ...
0
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1answer
157 views

What could someone malicious do with these three piece of information regarding my bank account?

The three pieces of information are: bank account number, my mobile phone number used for online banking and my address associated with my bank account. I am in Germany.
1
vote
1answer
487 views

Germany: Declaring taxes for large number of short-term trades

Assume I am using an automated system to buy and sell stocks or other regulated financial assets (bitcoins, ...) multiple times a day, each time making a small win or loss. Additionally, I am doing so ...
2
votes
1answer
193 views

Can I pay taxes in Spain while working in Germany?

I'm actually working in Germany for just 2 months (July and August), and I would like to know if it is possible to pay the taxes in my country (Spain). The advantage of it is that in Spain the taxes ...
6
votes
3answers
330 views

Are there any more or less tax-efficient assets in Germany?

Is there anything (legal, non-obscure, serious, etc.) a private, personal, non-expert investor can or should be careful about to improve on the amount of taxes paid? I mean actual financial ...
2
votes
0answers
46 views

Taxation for remote workers, if the company and the residency are in different countries

If a contractor or employees works 75%-100% percent remote for a company in a country A and has his residency in a country B - what is the job-related taxation? I know that this is too general to ...