Tax office

CAFM-Blog.de | Efficient contract management according to §2b UStG

Efficient contract management according to §2b UStG

The introduction of §2b of the Value Added Tax Act (UStG) has significant implications for contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public-law corporations must review their activities for their VAT relevance. This particularly affects services provided within the scope of public authority, as well as collaborations between public institutions. The correct [...]

Efficient contract management according to §2b UStG Read more »

CAFM-Blog.de | VAT Liability for Electronic Services: What does §2b UStG mean

VAT Liability for Electronic Services: What does §2b UStG mean

The VAT liability for electronic services according to § 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies providing electronic services. Electronic services are understood as digital products and services provided via electronic networks. This regulation has far-reaching implications for the tax treatment of companies in the digital sector. § 2b UStG specifically regulates the VAT liability for legal entities under public law that

VAT Liability for Electronic Services: What does §2b UStG mean Read more »

CAFM-Blog.de | What Does an Operational Audit Mean?

What Does a Business Audit Mean?

A business audit is a systematic examination of a company's tax situation by the tax authorities (and as long as you're not Al Capone, everything should be fine, just to clarify…). It serves to verify the accuracy and completeness of tax declarations and compliance with applicable tax laws. The audit can cover one or more tax periods and includes an analysis of accounting records, receipts, and other relevant documents. Business audits can be announced

What Does a Business Audit Mean? Read more »

CAFM-Blog.de | What You Need to Know About Trade Tax

What You Need to Know About Trade Tax

Trade tax is a municipal tax levied by companies and self-employed individuals on their business income. It represents a significant source of revenue for municipalities and is used to finance local infrastructure and public services. The calculation is based on business income, which is derived from company profits. The trade tax rate is set individually by each municipality and typically ranges between 200% and 500%. As a municipal tax, the assessment and collection of trade tax are

What You Need to Know About Trade Tax Read more »

CAFM-Blog.de | Accounting: The Essentials for Legally Compliant Bookkeeping [Update!]

Accounting for Beginners: The Most Important Basics Explained

Accounting is an essential component of any business, regardless of its size or industry. It encompasses the systematic recording, organization, and documentation of all financial transactions a company undertakes. In this blog post, we will take a closer look at the various aspects of accounting to gain a better understanding of its importance and requirements. Key Takeaways Accounting is the systematic recording and evaluation of business transactions. Companies must maintain accounting records when

Accounting for Beginners: The Most Important Basics Explained Read more »

Scroll to Top