FAQ topic: Accounting in Germany

The tax office has no pardon for sales tax: incomplete invoice information and other violations of the formal requirements endanger the input tax deduction.

The business report is an important document for companies and can have legal consequences. It contains information about the company’s assets, liabilities, equity, financial…

Please find some relevant information on what is needed for monthly VAT reporting

In Germany, there is two official Chart of Accounts. The SKR03 and the newer Chart of Accounts SKR04

The purpose of differential taxation is to ensure that VAT is not charged again and again for one and the same item if the…

There is a list of required accounting documents that your accountant will be happy to receive in order to process monthly your monthly business…

If you’re setting up a company in Germany, it’s likely that you’ll need a German VAT ID. This article explains what a VAT ID…

Extend the VAT deadline Companies, the self-employed and freelancers must report sales tax to the tax office either monthly or quarterly in a sales…

Don’t know about Marketplace Facilitator Rules? The tax guide for the marketplace facilitator act in Germany is specially designed for small businesses which are…

What is a special prepayment and when is it needed?