Surprise mail from the tax office – where did they get the information about my foreign account?

Today, the German tax office can access high-quality data on foreign accounts and systematically evaluate this data. The Federal Central Tax Office is currently evaluating 1.1 million messages from this data exchange.

We are currently experiencing the effects of implementing this data exchange.

After the first measures of data exchange on financial matters between European and non-European countries have already taken place in the past,

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Data exchange with Turkey: voluntary disclosure protects against prosecution

In the middle of this year, the Federal Ministry of Finance declared that the Automatic Exchange of Information (AIA) will be expanded to include new countries from autumn 2020. The focus will be on data exchange with Turkey.

We have therefore asked Dr. Christopher Arendt, attorney, tax law specialist and managing director of ACCONSIS in Munich,

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No short-time work compensation without German company headquarters?

Recently, there has been an increasing number of inquiries from concerned clients who employ employees in Germany subject to social security contributions but do not have a registered office in Germany.

This is usually due to notifications from the German Employment Agency which, referring to the lack of a company seat in Germany,

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Is a reduction of holiday entitlement permitted during short-time work?

The “Covid-19” crisis is constantly presenting employees and employers with new challenges. One of the major current issues is the relationship between short-time work and holidays.

In order to avoid the loss of working hours, the remaining leave from the previous year must first be brought in. Now the question arises,

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Selbstanzeige Finanzamt Türkei

The next wave of voluntary declarations to the tax office is foreseeable!

Since 2014, 100 countries have committed themselves to exchange information from account holders among themselves in the framework of the Automatic Information Exchange (AIA). This OECD measure ensures greater transparency in international money transactions and, as seen in the example with Switzerland, has also resulted in numerous cases of voluntary disclosure to the tax authorities.

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