Questions tagged [germany]

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

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1answer
58 views

When to declare a yearly bonus in Germany

I have been working for most of the past year in Germany as an EU national in a medium sized IT company, last January I was paid a yearly bonus in brutto corresponding to the previous fiscal year. I ...
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1answer
101 views

How much does a financial advisor charge in NRW, Germany?

I am 24 yrs old, software engineer working in Germany. I was able to save major chunk of my earnings and i am interested in investing the savings. I am interested in Real estate along with certain ETF'...
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1answer
92 views

Waiting for a refund that was approved 4 months ago. Company stalling and not getting back to me. Can I charge them interest on the sum they owe me?

As the title says, I booked a ticket with an airline (Condor Air) August, 2019. On December, 2019, I was granted a refund because their parent company went bankrupt and the airline stopped operating ...
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1answer
2k views

How/Where to open account for buying ETFs in Germany for beginners?

I'm from 3rd world country in Asia and have been living in Germany for a year and I want to invest some money (few thousands Europe as total and few hundred per month) to what called ETFs (exchange ...
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0answers
47 views

How is Deutsche Bank's vermögung service ROBIN?

I have been searching for different possibilities to invest in the markets for long term holding and trading. I do not intend to do leverage based trading and working with leveraged ETF's is not in my ...
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2answers
347 views

Better way to invest for a short time for a period of one year

I am having a rather confusing financial situation. A the moment, I am having around 1200 euros a month on savings. I have the emergency fund already set up. The only huge debt i have that i need to ...
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0answers
30 views

Tax Residency under FATCA and CRS

I am an Indian citizen and a PR holder in Germany. I am opening a depot account in Germany and there is a question about Tax residency. I would like to know if I am a resident for tax purposes only in ...
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1answer
66 views

Capital gains tax on profits from stock market in Germany

I was wondering whether there are any tax provisions on capital gains from stock trading in Germany dependent how long the stocks are held. can anyone please help me with that information ? Thank you.
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1answer
395 views

Does Germany has a Tax law similar to Like-kind exchange ( section 1031 of IRS in US)?

I am 24 year old software developer living in Germany. I am an expat here and I am about to receive my permanent residence (Niederlassungserlaubnis) in a year. I am very interested in investments ...
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1answer
189 views

Can anyone give me an idea about investment scenario in Germany and the services I might need to be better equiped to invest?

I am 24 years old and have recently started working as a software developer in Germany. At the moment I have not commitments for family or kids and I believe this is the right moment for me to ...
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1answer
231 views

Does Schufa know how much you use your credit cards?

I read that if you use your credit cards, you build credit. I also read that if you get credit cards, your creditworthiness suffers. Both of these seem to make sense. Doing the former means that you ...
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1answer
236 views

How to cancel a credit card you currently have debt on if the bank won't respond?

Several months ago, I got a credit card from Santander. I've tried many times to get their app Santander Sign set up and after about two months, it finally worked. But I still can't sign in because ...
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0answers
69 views

french citizen living and paying tax in Germany : taxes applied to owned French bank accounts?

I am french citizen, but living and working in Germany. I pay taxes in Germany. I have with a French bank a "livret development durable" ("sustainable development bank account") on which interests are ...
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0answers
85 views

Working remotely from Germany into a foreign country

I am German citizen and got excited about remote positions. However, how does that work with German health insurance, German retirement plans and so on? Is there a possibility to still be employed in ...
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1answer
118 views

Filed taxes for 2016, 2017, then 2018. Now got the confirmation for 2018, is that order fishy?

I helped somebody else file their German taxes. We could go back until tax year 2016 and I know that you have to file them in chronological order. Therefore we sent off 2016, then 2017 and after that ...
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1answer
160 views

Investment Grade ETFs and their costs

If I was about to buy some LU0508799334, hold them for a while (ideally about 20 or 30 years) and then sell them again, could that be problematic? Its KIID specifies that the costs of buying or ...
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1answer
242 views

In which country do I pay capital gain taxes, as a German with a US Internship?

This year, I did an internship in the US, and during that time I bought some stocks. Now I am back in Germany, and got dividend payments on these stocks, and also want to sell some of them soon. ...
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2answers
482 views

Are banks in Europe allowed to charge you for too low a balance?

Ever since I've heard stories of people in the U.S. who (almost) emptied their accounts, I've feared of one day doing that too. I always make sure to have at least 100 EUR in each of my accounts. It ...
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2answers
99 views

How to calculate Income Tax in Germany?

In order to calculate my net salary I am using this calculator and it works pretty well: I have the exact same numbers on my payslips. I am able to calculate every tax by myself starting from my ...
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2answers
131 views

Is getting Schufa entries you don't recognize deleted always advantageous?

I recently obtained my credit score information from Schufa. I chose the free option ("Datenkopie"). The oldest entry is this one (blanked out by me): I don't remember ever having done business with ...
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6answers
4k views

Do insurance rates depend on credit scores?

When reading up on credit scores, I came across this article. It contains this paragraph: A bad score can become a black mark that leads to missing out on the home you want (credit checks are a ...
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2answers
115 views

Do consumption loans affect my credit score positively or negatively?

I want to build some credit in case I ever need a loan for something. I have never had any debt except for my credit card that I now have for about a year. But I only used it for a single purchase in ...
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2answers
108 views

Ownership of unlisted foreign corporation

I am a naturalized US citizen born in the UK, living in America. Can I buy stock in a privately held German company which is not listed on any stock exchange?
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1answer
2k views

How much is my signing bonus after taxation in Berlin Germany?

an employer is offering 3K EUR as signing bonus, I was told that it's taxable, so I want to calculate how much tax do I have to pay and how much will be the 3K after all tax deductions? I live in ...
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1answer
399 views

Are there Target Date Funds in Europe/Germany?

The title already says it. To expand on this, I read about target date funds on this site. Essentially, they try to provide bigger gains with bigger risks at the start, and "automatically" become ...
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0answers
198 views

Buying a car as a freelancer - Business costs

I am a freelance software developer, and I am thinking of buying a car, which I would probably use every now and then for personal matters, but mostly for business related trips. What are the ...
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9answers
7k views

In Germany, how can I maximize the impact of my charitable donations?

I have recently reached a point in my life where I want to start making regular donations to worthwhile charities, but I have no idea which charity is most "deserving" of my money. I understand that ...
2
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2answers
186 views

Index funds vs 3 funds financial products for long-term investment / retirement

Some company is trying to sell me financial products where there are 3 funds: Apologies that it's in German. Rough translations: Left one: This fund secures the selected guarantee. Center one: This ...
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2answers
371 views

What are the costs of being an unsuccessful freelancer for a year?

I'm trying to get a rough idea what being an unsuccessful freelancer in IT for a year would cost. Unsuccessful means not being able to bill a single hour for the year and therefore having no income. ...
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2answers
142 views

Do negative bond yields pay out public debt?

I noticed that german bonds offer negative yields, as you can see in this table.My question is, considering Germany is returning less money than received, does that mean the sovereign debt is ...
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1answer
165 views

Get written statement from landlord for a mold that could happen because of his decision over phone?

In my apartment I closed up the ventilation in my bathroom with baking paper. The reason is since it is summer many insects like hornets, wasps and even centipedes started coming from that ventilation ...
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1answer
309 views

What happens with a credit card account in Germany after the card is blocked/closed?

I have an everyday account in a bank in Germany and a Visa credit card account in the same bank. At the end of each month the negative credit card balance is automatically balanced by an automated ...
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4answers
943 views

How to withdraw cash from a credit card if the cash advance limit has been reached

I have a German bank account and a Visa credit card attached to it, but left Germany some time ago and live in a non-European country. Last Monday a bank officer from the German bank called me on my ...
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2answers
1k views

Tax in Germany on ETF, government bonds, stocks

I've heard Germany tax rate on ETF capital gains and dividends is Kapitalertragsteuer + Solidaritätszuschlag = 26.375% (assuming you don't want to pay church tax also) Is this tax rate the same on: ...
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2answers
144 views

Tax relaxation for Indians in Germany

I have recently employed in Germany for one year. I am from India. Is there any tax relaxation for Indians in Germany? I am married.
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2answers
636 views

Cash payment in used car dealership

I plan to purchase in a used car dealership without financing. In order to be prepared to buy on the spot what money transfer options are common place? If all possible I prefer a method which leaves a ...
2
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1answer
115 views

How is the average salary calculated for time spend outside Germany

I spent the last few years working and paying taxes in the US with salary X. I then moved to Germany where I get salary Y. This is also the first time I pay taxes in Germany. Within one year of the ...
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2answers
413 views

NRI, German tax resident having foreign income

I am working in Germany in an it company last 3 years and paying tax as normal. Now I am getting some earnings as website advertisement and it is coming from US/UK through paypal account and credited ...
3
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2answers
389 views

First time German Tax declaration, asked about foreign income

I am EU citizen, I was wondering how the German tax system would allow me to get proper refund after I left the country. I went to Germany in middle 2016 and worked there until end March 2018, then ...
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1answer
281 views

Online Shop won't deliver - What's my best choice of action? Inkasso or PayPal?

I ordered something online (~150€) from a shop that had ~30k mostly. positive reviews online. (After the fact I realized that all reviews from the last few weeks were horribly negative, though.) I ...
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2answers
143 views

Taxes on shares

I am wondering about an aspect of taxes on shares. What exactly is taxed? How is the fee of my bank factored in? (Is it at all?). I am asking specifically for the German take on this, but I assume ...
2
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1answer
713 views

Is it possible to refund semester fees via income tax return in Germany?

Colleagues at work mentioned that semester fees for the Master studies can be declared for the tax return as for the position that we have at work, having a Master degree is mandatory. Can someone ...
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2answers
224 views

Realize losses and gains at convenient time

Suppose I am long-term invested in some stocks or etfs. Consider the following two situations: 1) stock market is high, my personal income from work is low. Is it a good idea to sell (part of) my ...
6
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2answers
281 views

Stock markets and dividends: When exactly does one need to own shares to be entitled to the dividend? [duplicate]

I have a more or less formal question regarding dividends. If a company pays an (annual) dividend of - say - 5%, this is voted for/against on the annual general meeting. Now, the dividend is paid ...
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2answers
316 views

Paying the rent with profit of private investment company: What what would be the best construct?

My partner and I have rented a home in a small village and would like to stay there for many decades to come. However, I feel uncomfortable being a tenant. So, we have saved enough money to buy a ...
2
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1answer
134 views

Understanding how the german tax system works [duplicate]

I hope that you can help me understand how the German tax system works. I recently found a job in Berlin with a yearly gross salary of 68000. I am married (we are both Spanish) but my husband is ...
3
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1answer
312 views

My mother’s brother died in Germany. He had no wife or children. She is the only living sister

I would like to know if she gets half of what he had and then it is split with nieces and nephews? Or is it all the same? He had a document for his house that said the house is to be sold and will ...
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4answers
510 views

Does it make sense to invest in real-estate if you do not have any heir to your investments?

We are an expat couple (< 30 years old) currently living in Germany. We are wondering about the long term benefits of investing in real estate when we do not have a plan to have children of our own ...
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2answers
204 views

How can I practically buy bonds?

A moderately low risk of investment is a government bond. If I understand correctly, I spend €1000 on a 5-year bond at a yield of 1%, then in 5 years I get back 1000*(1.01)**5=€1051.01, unless the ...
6
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2answers
4k views

Net salary in Germany for programmers

I got an offers as a freelancer to work from Germany (the company is not German but I will live in Germany when I'll work for them). Since I'll be a freelancer in need to give them an hourly rate for ...