Property Sector

The Federal Ministry of Finance's draft proposal calls for electronic cash registers for businesses with total sales of 100,000 euros or more, digital receipts, and stricter rules against cash register tampering.

The Federal Ministry of Finance’s draft proposes the use of electronic cash registers for businesses with a total turnover of 100,000 euros or more, digital receipts and stricter rules against cash register tampering.

The Munich Finance Court (FG) had to rule on whether, in the context of the long-term commercial letting of two buildings as refugee accommodation for a period of 10 years, a reduced useful life with an annual depreciation rate of 10 per cent was applicable, or whether the standard useful life of 50 years with an annual depreciation rate of 2 per cent should be assumed. The tax office assumed a useful life of 50 years.

Various issues relating to income tax, VAT and business rates may arise as early as the planning, implementation and execution stages of property projects.

The correct allocation of the tax-accounting purchase price determines the amount of depreciation (AfA).

An AV contract with a tax adviser – necessary or not? This question keeps cropping up, particularly when it comes to payroll accounting.

A SEPA direct debit mandate with the tax office ensures that tax payments are made on time and helps avoid unnecessary late payment penalties.