Search found 464 matches

by PandaMunich
Sat Apr 04, 2026 4:46 pm
Forum: Taxes & finance
Topic: German taxation of foreign interest bearing account
Replies: 49
Views: 259959

Re: German taxation of foreign interest bearing account

Should I include some kind of brief note with my Anlage KAP (filing with ELSTER), to confirm that this is due to my applying the new interpretation as of 2025, in case they flag the difference compared to previous years? I wouldn't bother. Because this may then lead to questions why you didn't alre...
by PandaMunich
Sat Apr 04, 2026 11:11 am
Forum: Taxes & finance
Topic: autopayment of bank credit card
Replies: 13
Views: 320

Re: autopayment of bank credit card

You can find credit cards with "autopayment" here, you need to look at the row "Full payment can be selected in the application"="Vollzahlung im Antrag wählbar" at the bottom: https://www-modern--banking-de.translate.goog/vergleich-kreditkarte-12.php?ab=1&_x_tr_sl=d...
by PandaMunich
Fri Apr 03, 2026 5:11 pm
Forum: Volt, Ampere & Watt
Topic: Utility readings rant
Replies: 16
Views: 7397

Re: Utility readings rant

Gas prices in 2025 rose by about 15% compared to 2024: 2026-04-03 17_16_34.jpg --> please compare 1.15 * costs_2024 with your 2025 prepayments. --> if you then end up owing something, transfer that, to show your goodwill. Please take care to mention your Kundennummer and the words " Geschätzte ...
by PandaMunich
Fri Apr 03, 2026 1:24 pm
Forum: Volt, Ampere & Watt
Topic: Utility readings rant
Replies: 16
Views: 7397

Re: Utility readings rant

Yes, you need to do an immediate Widerspruch by e-mail, to which you attach last year's invoice.
Immediately pay what last year's invoice was, and also attach the proof of payment, since that is what you are reasonably expected to pay.
by PandaMunich
Thu Mar 26, 2026 2:33 pm
Forum: Taxes & finance
Topic: Joint taxation of spouses. Ehegattensplitting.
Replies: 5
Views: 233

Re: Joint taxation of spouses. Ehegattensplitting.

Yes, I don't see Ehegattensplitting being abandoned any time soon, it's a SPD minister who is pushing it and they are only the junior partner in the coalition. But there is another problem on the horizon: It's a CDU minister who is threatening to increase the income of public health insurance (which...
by PandaMunich
Thu Mar 19, 2026 1:27 pm
Forum: Berlin
Topic: How to handle payment issue on taxes
Replies: 7
Views: 339

Re: How to handle payment issue on taxes

Yes, correct on all counts.
by PandaMunich
Tue Mar 17, 2026 10:05 pm
Forum: Berlin
Topic: How to handle payment issue on taxes
Replies: 7
Views: 339

Re: How to handle payment issue on taxes

If you always declare things as they really happened. If, for example, the client paid 1,000€ of a 1,190€ invoice in 2025, then the 2025 net turnover is 1,000/1.19 = 840.34€ and the VAT on it 159.66€ (= 1,000€ - 840.34€). If in 2026, they by mistake paid you 1,190€, then you have no choice but to re...
by PandaMunich
Tue Mar 17, 2026 12:13 am
Forum: Berlin
Topic: How to handle payment issue on taxes
Replies: 7
Views: 339

Re: How to handle payment issue on taxes

booksnthings wrote: Mon Mar 16, 2026 2:55 pm Should I go by the "Zuflussprinzip" and include the "extra" payment I received in 2025's declaration?
Yes.
by PandaMunich
Wed Mar 11, 2026 11:58 pm
Forum: Health insurance
Topic: Sick between end of work contract and arbeitslos Zeit - who will pay for health insurance
Replies: 2
Views: 199

Re: Sick between end of work contract and arbeitslos Zeit - who will pay for health insurance

Hi,my work contract finished on 30th November 3025 and I have applied for Arbeitslosen Geld from 1st December 2025. I got sick on 1st December and on 2nd December I went to the doctor and gave AU to Arbeit Agentur. I was informed that I will only start my arbitlosgeld from 6th December That was inc...
by PandaMunich
Fri Mar 06, 2026 6:57 pm
Forum: Taxes & finance
Topic: Strange maths....
Replies: 14
Views: 2143

Re: Italian maths?

Let's see what the Hive-mind has to say on this.... Doing my taxes.... never a dull moment. Learned a tonne from our wonderful Panda. I have one business I use a good amount each year from Italy. A tannery to be exact. Each time I receive their invoice, my head spins. I cannae get it round their ma...
by PandaMunich
Sun Mar 01, 2026 10:37 am
Forum: Taxes & finance
Topic: Elstam data
Replies: 6
Views: 315

Re: Elstam data

You could call the Finanzamt and ask.
by PandaMunich
Sun Feb 15, 2026 12:21 pm
Forum: Taxes & finance
Topic: WEG: Tax return when Abrechnung from the Hausverwaltung comes very late in the year
Replies: 10
Views: 3636

Re: WEG: Tax return when Abrechnung from the Hausverwaltung comes very late in the year

Use an estimated figure and when filing the income tax return, tell the Finanzamt that that amount was only estimated and ask them to issue the Bescheid "unter Vorbehalt der Nachprüfung" (it will say that on page 1 of the Bescheid, that keeps that year "open"), so that you can ge...
by PandaMunich
Sun Feb 15, 2026 2:01 am
Forum: Taxes & finance
Topic: WEG: Tax return when Abrechnung from the Hausverwaltung comes very late in the year
Replies: 10
Views: 3636

Re: WEG: Tax return when Abrechnung from the Hausverwaltung comes very late in the year

Then you cannot use the cited BMF letter, which is about § 35a EStG, i.e. the expenses for a flat you use yourself . These expenses are Werbungskosten in your rental profit calculation. § 35a EStG is mutually exclusive with Werbungskosten, see § 35a (5) Satz 1 EStG: https://www.gesetze-im-internet.d...
by PandaMunich
Fri Feb 13, 2026 8:51 am
Forum: Taxes & finance
Topic: Taxation after separation/divorce
Replies: 2
Views: 1426

Re: Taxation after separation/divorce

When would I change to tax class 1? My daughter is nearly 25 and doesn't live at home at present. Tax classes are irrelevant for you, the complete name of the tax class is "Lohnsteuerklasse", i.e. wage tax class. Since you are not an employee, you do not have a wage to be taxed according ...
by PandaMunich
Thu Feb 12, 2026 3:25 pm
Forum: Taxes & finance
Topic: Taxation of ETF
Replies: 1
Views: 1350

Re: Taxation of ETF

Does the ING ETF Sparplan require Vorabpauschale payments? First off, this is the wrong thread to ask this question, this thread is about the Riester-Rente which is something else entirely. A Sparplan is just you buying a few ETF shares every month, which then get put into your Depot (brokerage acc...
by PandaMunich
Mon Feb 09, 2026 4:51 pm
Forum: Taxes & finance
Topic: Cancel a German Retirement Pension?
Replies: 9
Views: 3176

Re: Cancel a German Retirement Pension?

I'm afraid that you shouldn't have applied for your German social security pension at DRV (Deutsche Rentenversicherung) in the first place - if you don't hand in the signed application form for the German pension, they don't pay you one. Since it is too late for you to that, since you already receiv...
by PandaMunich
Mon Feb 02, 2026 7:21 pm
Forum: Taxes & finance
Topic: AKA 410k or IRA in Germany?
Replies: 6
Views: 3398

Re: AKA 410k or IRA in Germany?

Yes, it will start in 2027, please see here: https://www-focus-de.translate.goog/fin ... r_pto=wapp
by PandaMunich
Mon Feb 02, 2026 12:08 am
Forum: Taxes & finance
Topic: Taxation of IRA distributions - Article 19a of DTA
Replies: 3
Views: 2078

Re: Taxation of IRA distributions - Article 19a of DTA

I am a retired US citizen, tax-resident in Germany. In 2026 I will begin receiving distributions from my IRA in the US. My IRA was created at my retirement by a roll-over from 403(b) and 457 pension savings plans funded when I worked at public state University in the US. I have read that Article 19...
by PandaMunich
Sat Jan 31, 2026 11:05 pm
Forum: Miscellaneous
Topic: Present recommendations to take to America
Replies: 8
Views: 3316

Re: Present recommendations to take to America

Kuckucksuhren are always a favourite with Americans ;-) No, seriously, it depends on his family's interests. A Rotring Professional metal pen/mechanical pencil is a good gift for technically minded persons: https://www.amazon.de/s?k=rOtring+Professional If they like writing by hand, a Lamy is a good...