allocated to a very detailed taxonomy
The accounts of the individual accounting system must therefore
be allocated to a very detailed taxonomy, which is published by
the German Federal Ministry of Finance. By contrast, the other
specifed additional documents to be submitted with the tax
returns are generally sent in paper form.
After receipt of the annual tax return, the tax offce will issue
a notice of assessment (Steuerbescheid), possibly “subject to
re-examination” (“unter Vorbehalt der Nachprüfung”). Adminis-
trative appeals (Einspruch) against assessments must be lodged
within one month.
Taxes must be paid in advance on a quarterly basis. The amounts
due on March 10, June 10, September 10, and December 10
are determined by the tax offce based on the preceding year’s
tax liability or on estimated profts. The notice of assessment
will show the balance payable, which must be paid within one
month, or the balance receivable (i.e. In case of overpayment),
which will be refunded or credited against other tax liabilities.
Taxes paid more than 15 months after the end of the tax assess-
ment year are subject to interest at an annual rate of 6%. The
taxpayer may claim interest for overpaid taxes (tax refunds) in
similar circumstances.
EU Forecast
euf:ba.18g:59/nws-01