Tax Services

German Tax Updates in May 2024

1.  Earn-out Payments are not Taxable Until Received 

2.  Reversal of Hidden Reserves: Profit Surcharge of 6% is Legal 

3.  Caution Against Occupational Hazards for Short-Term Employees 

4.  Basic Information of the Electronic Logbook – Changes Must be Excluded or At Least Documented 

5.  Job Search: Which Application Costs are Tax Deductible?

TOMS (Tour Operators Margin Scheme) is excluded from German Value added tax (Umsatzsteuer)

TOMS (Tour Operators Margin Scheme) is excluded from German Value added tax (Umsatzsteuer)

In January 2021, the German Federal Ministry of Finance published a clarification that the Tour Operators Margin Scheme („TOMS”) shall not apply to non-EU companies that do not have a fixed establishment in the EU.