IT startup - what tax obligations

Last activity 11 March 2018 by beppi

863 Views

1 replies

Post new topic

Leonard OpitzMember11 March 2018 09:23:23

Hello,

I am thinking about creating an IT startup in Germany. What are the tax obligations of having a company in Germany, apart from:

- Tax declaration at the end of the Fiscal Year for IRS (IRC)
- VAT declaration every 3/1 Month

Is it mandatory to be registered in the commerce chamber?

Thanks,

beppiGermany - Singapore Expert11 March 2018 17:18:51

15299

Germany is unfortunately not among the easier places to start a business.
You definitely have to register the business (and decide which legal form to choose), keep proper financial records and submit tax declarations - for which you should engage a professional start-up consultant, accountant and tax adviser, as these things are basically impossible to do right without near-native language skills (and penalties for mistakes are stiff).
The start-up consultant will be able to tell you whether you must join a chamber of commerce or other trade body, and which certifications and permits you must acquire. There are likely to be several.

Articles to help you in your expat project in Berlin

Income tax in Germany
When you begin to earn money in Germany, your income is subject to different kinds of deductions (i.e., retirement ...
Universities in Berlin
Studying in Germany is a rewarding and fulfilling experience, which may open many doors to professional ...
Student life in Berlin
Living in Berlin as a student will probably be one of your most rewarding life experiences, as the city offers ...
The work culture in Berlin
When starting out in a new city, it's really important to understand the work culture before your first day at ...
Buying property in Berlin
Buying property in Berlin is easier than in most European cities when it comes to the bureaucracy and formalities ...
Berlin's neighbourhood guide
Berlin has 12 official boroughs and 96 localities, which, for the most part, are self-sustained, offering ...
Accommodation in Berlin
Finding accommodation in Berlin (or any other city for that matter) will be your first step towards settling into ...
Discovering Berlin
Berlin, the capital of Germany, is an enchanting city full of culture, history, great food, diversity, and nature. ...