Questions tagged [germany]

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

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6
votes
6answers
530 views

If I carry a lot of money from Germany to Spain, what can go wrong?

Currently I have a bank account at Deutsche Bank with approximately 30k€ I have collected working and saving money. I want to move all this money to my Spanish bank account. I have already phoned them ...
2
votes
0answers
85 views

Taxes when year split between Switzerland and Germany

Last year I worked in Switzerland (L permit) from January until the end of July, and then worked in Germany for the remainder of the year. I am now resident in Germany and an EU Blue Card holder. I ...
1
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0answers
120 views

Sell or lease my property when moving from UK to Germany (tax question)

I own a flat in the UK (outright, no mortgage), and I am planning to move to Germany (preferably Berlin, if that makes a difference). Given my limited knowledge of the area and of German laws, my ...
3
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0answers
78 views

What conditions should we fullfill to pay taxes as a family?

I'm thinking about taking a job in Germany, and for the purpose of salary negotiation I'm trying to estimate my net income using this calculator. What complicates matters is that my family won't be ...
1
vote
1answer
113 views

What is the best way for doing taxes in Germany as an expat?

I working and living in Germany the past 2 years. Recently I heard colleagues discussing about tax returns, something I have never had to worry about before in my life. Obviously, I have to do my tax ...
5
votes
1answer
778 views

How to prepare to purchase a house? (Germany)

I'm in my late twenties and want to prepare for my future life. I've no debts and a small amount in savings, but I'm going to need some for my marriage this summer. Now I want to prepare for our ...
0
votes
2answers
401 views

working temporarily in UK but living in Germany. How my UK income is taxed in Germany?

I plan to work like 1 week/month in UK (self-employed) and live in Germany, do I have to pay taxes in Germany as well? if so, how much? Let's say I am in the UK tax bracket below 32K GBP gross, ...
2
votes
4answers
190 views

Best practices for bringing cash from US to Germany [closed]

I'm going to relocate to Germany, Munich and basically wonder what is the best option - to buy some euro (~4-5 thousands) here, in San-Francisco or should just take some amount of cash in dollars buy ...
5
votes
1answer
827 views

German + U.S. Social Security Agreement

I'm an American and have been working in Germany for the past few years, first in a company and now as a Beamter (government employee). I am planning to move back to the U.S., and had a question about ...
1
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0answers
101 views

As a US Green Card holder, California resident and German citizen, is investing in European investment funds permitted?

I am a resident of California and a citizen of Germany (green card holder). Is it permitted for me to have money invested in European investment funds? I was told that I'm only allowed to invest in ...
3
votes
1answer
293 views

Is using WeltSparen safe?

There is a German website called WeltSparen ("world saving" ("saving" in the sense of saving money, not in the sense of saving something from being harmed (like the world in this case))). It provides ...
1
vote
1answer
786 views

Gifting money from Canada to Germany

I have two nieces in Germany and would like to gift some money to them before I die. Will they have to pay tax on the money ? Can I just send them a bank draft in Euros ?
0
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1answer
64 views

Private pension ensurance - Split over multiple contracts?

What are the pros and cons of running several pension ensurances beside each other, instead of putting all the money into one ensurance? Model all in one: Contract A 2016 -> 100€/month Contract A ...
3
votes
2answers
858 views

capital gains tax for non-resident trading German stocks

I come from Hong Kong, a non-German citizen living outside the German and trading German stocks through a U.S. internet broker. Should I have to pay capital gains tax to German government on the money ...
3
votes
1answer
166 views

How should I choose an additional retirement investment plan?

A friend of mine now works as a personal finance advisory with “tecis” and has suggested me to plan for my retirement. I am 25, so I have quite a long time still to invest money for retirement. The ...
3
votes
2answers
685 views

How do I file an online tax declaration (using ELSTER) for a German Verein that just has some membership fees?

I have to do a tax declaration for a small society (Eingetragener Verein, gemeinnützig) in Germany. We only had some membership fees as income, did not sell anything, and did not get any other money. ...
4
votes
1answer
2k views

How can I sell things online legally as an under-aged person? [closed]

I'm a pupil from Germany, I'm 15 years old and I want to sell a product online. However, it's not as easy as it may sound. The first problem is that I am not allowed to sell things before I'm "...
2
votes
0answers
231 views

Paying taxes as foreigner for working as freelancer for US company

I am a german citizen and live in Germany, and want to work as a freelance-translator for a company called "gengo" , that seems to be registered in the US (quoting from the website: "a Delaware ...
1
vote
0answers
633 views

How to save taxes on revenue from Admob ads?

I'm a mobile developer currently living in Germany. My revenue is generated by online ads of Google/Admob. Since Google is based in Ireland, the revenue/service/value are also generated in Ireland. ...
3
votes
6answers
657 views

What are the possible benefits and risks of buying an old house in a far away area?

I live in Germany with very little savings, around 20k. I have seen some run-down old houses in far away areas offered to be sold. My gut is telling me that it's a good idea to own a house as property,...
1
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0answers
86 views

Steuer klasse change when my wife working in other country in EU

Does somebody know how I can change my "Steuerklasse" from 1 to 3 in case my wife works in another country in EU ( Bulgaria). Our daughter leaves also in Bulgaria. She works for a French international ...
0
votes
1answer
122 views

Better to declare travel costs as income-related expenses or get money back from employer?

I live and work in Germany. For the next six months I am going to work at a temporary external activity ("beruflich veranlasste Auswärtstätigkeit"). German tax laws offer the possibility to reduce ...
4
votes
2answers
2k views

Postbank (Germany) - transferring money to the US - what are the best options?

The German 'Postbank' offers money transfers to the US on their website. Has anyone experience with that? My question are for the cheapest and fastest way (of course); namely: should I pick 'transfer ...
2
votes
0answers
53 views

Tax return if worked partially in the UK and partially in Germany

I have worked from Jan to July 2015 in the UK and from Oct. to Dec. 2015 in Germany. I'm not sure if it makes sense for me to submit a tax return claim. (The tax year in the UK runs from April to ...
0
votes
1answer
173 views

What is “SEPA-Direct Debit Bulk Core”?

I just noticed that on my German bank account, I received around 15€. Under the transaction description, it only says SEPA-Direct Debit Bulk Core. Normally, the transaction descriptions for interest ...
1
vote
1answer
563 views

Moving from India to Europe - Bank accounts and Mutual funds

I would like to get information on Bank accounts and Indian tax procedures related to working from Germany. I am from India and will be moving to Germany in two weeks. I have some mutual fund ...
3
votes
1answer
260 views

I am considering selling a house that is rented out - what is the best approach?

I own a single-family house in Germany, and consider to sell it. It has been rented out for about ten years, and the tenant gives the impression he wants to stay forever (he does not yet know about my ...
1
vote
2answers
536 views

In Germany, Tax class changed to 3 but I am still getting as tax class 1

In Germany, Tax class changed to 3 two month back but I am still getting salary as tax class 1. How much transition time generally take for class transaction to reflect my monthly salary.
0
votes
1answer
347 views

Taking a small loan to improve Credit Score

Younger me made some horrible financial mistakes. Now as the idea of a house loan is not a far distance fantasy anymore, I think about how to improve the score. I already read several sources to ...
2
votes
1answer
327 views

How do I work out the tax effect of a company car in Germany?

I'm getting a bit confused by the various literature I am reading about German Taxes on driving a company car. I know its 1% of the vehicles list price per month. Is this treated as extra monthly ...
1
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0answers
85 views

How to declare foreign benefits in German tax refund?

I did an internship in Germany last year and now I am trying to fill the tax refund papers with the Elster online tool. I received the summary of paid taxes etc. from the company and my German income ...
0
votes
0answers
1k views

Stock symbol list for German Xetra stocks on Google Finance or Yahoo Finance

I would like to have a list of the stock symbols of companies listed on Germany's Xetra exchange that can be used on Google Finance or Yahoo Finance. Where can one download this list?
2
votes
3answers
456 views

Can one be non-resident alien in the US without being a resident anywhere else?

My question is as above: Can one be non-resident alien in the US without being a resident anywhere else? Let's assume the following simplified case: a former resident of Germany visits the US for a ...
5
votes
3answers
11k views

Tax class change in Germany?

I moved 2 months ago to Germany from Dubai for a new job. I am placed in tax class 1 (steuerklasse 1). I am married but because my wife was waiting for her long stay visa (she is non eu passport ...
2
votes
2answers
286 views

Germany: Employee and Entrepreneur at same time (for getting AppStore payments)

Currently (in Ukraine) I am working as Private Entrepreneur. As Private Entrepreneur I can have several bank accounts in USD, UAH, ... So it is not a problem to receive Apple's AppStore payments (in a ...
1
vote
1answer
135 views

Nationwide FlexOne internationally

I am planning a trip to Berlin, and I have seen that my debit card has no transaction fees or cash fees for foreign currency, so it is charged at VISA's exchange rate. Are there any costs I'm missing, ...
1
vote
1answer
235 views

IRS “non-resident alien” status vs. tax treaty definition of “residence”

A J-1 scholar is considered a "non-resident alien" for the first two years (Example 4). I wonder how that interacts with the definition of "residence" in a tax treaty, for instance, the one with ...
1
vote
2answers
1k views

Non-EU student, living in Germany, working for a Swiss company - taxes?

I'm non-EU citizen, but from Europe, now studying in Germany on Master program (so I'm a student, have an Erasmus stipendium, and have 1-year national visa that allows to work 120 full or 240 half ...
4
votes
2answers
328 views

Should I accept shares as payment?

My possible future employer offered to pay me in shares of the startup I would join. He dropped sentences like "brutto equals netto" and "We can pay you more in shares than in cash". Obviously there ...
4
votes
1answer
114 views

Do I have to declare these non-cash profits for income tax?

Let's say I have a website that gives information on electric guitars, but sells nothing. All income is generated via ads and affiliate programms. This income is of course subject to income tax. Now ...
18
votes
8answers
4k views

I have an extra 1000€ per month, what should I do with it?

I've seen a few questions like this here, but they all seem to be adressed to Americans and their way of life. Let me explain: I am 27, single, live in Germany and recently got my first job, which ...
4
votes
2answers
201 views

Set off computer against tax liability

I'm an employed programmer, officially not working from home. A friend told me, that you can set off your personal computer and up to specific values, you would not have to prove your work related ...
1
vote
1answer
254 views

Where is the liquidity on European derivatives exchanges

This has bugged me for a long time, and I feel like I am missing some information. When I browse Eurex, a derivatives exchange in Europe, I don't see the kinds of liquidity I would expect. For ...
1
vote
1answer
139 views

Can I find the duration of a SEPA “Lastschrift” permit I signed?

If you need the background, you can read my other question. But I'm interested in answers to this one independently of the situation described there. I allowed somebody to perform "Lastschrift" (...
3
votes
0answers
94 views

Income Tax Germany-UK - Different tax years

I've recently moved to Germany, how can I incorporate my earnings from the UK into German income tax system when the tax years are different? German tax year (Calender year) UK tax year (April-April) ...
1
vote
1answer
320 views

Chinese account, live in Europe - rather get paid in RMB or EUR?

I'm currently living in Germany, but have a Chinese employer. I've got an account in both countries (ICBC in China and Sparkasse in Germany), and get my salary paid in RMB to my Chinese account, and ...
3
votes
2answers
339 views

FATCA - Streamlined Foreign Offshore Procedures

I’m German and my wife is American with US passport + SSN; she has lived in Germany nearly 30 years and after the kids left the house started work again with a part-time job 5 years ago. Our joint ...
0
votes
1answer
206 views

How to decide to leave money invested in Brazil or transfer immediately to my home country?

I have sold a property in Brazil this year with the purpose to buy a house in my home country (Germany). However, until I got all the documents ready to transfer the money to germany, I have lost ...
5
votes
1answer
1k views

How to reclaim the value-added tax when buying something on eBay?

I want to buy a digital graphics pad/touchscreen on eBay for technical drawings. Because the article's seller is based in Germany, and I live in Switzerland, and because the article is worth more ...
7
votes
1answer
3k views

How important is the beneficiary field in a bank transfer in the Euro zone?

When doing a bank transfer in Germany (and probably by now other countries that have Euro with IBAN and BIC) you have to give a beneficiary. In German, that is either called Kontoinhaber or ...