Changes from 2008

:: New information regarding the submission of the UVA from January 2008

The BMF announces the reduction of the Previous year's turnover limit (2007) for the submission of the UVA from € 100,000,- to € 30.000,- This has an effect on the cumbersome electronic transmission of the following Declaration of income for 2008 From: U1, U13, U30, E1, E6, K1 and CommSt declaration. The BMF estimates the additional burden on companies at approximately €2.6 million!

:: Obligation to keep double accounting records

The sales and activity-independent bookkeeping obligation applies as before according to § 189 UGB Companies with capital (AG, GmbH), from 2008 does this also apply to GmbH & Co KG (where no natural person is fully liable) and, in the event of income from a business activity, leads to Profit determination under § 5 EStG, in the case of other business income under § 4, paragraph 1 of the EStG. Exceeded The Sales in 2007: € 600,000 for business owners Sole proprietorships / partnerships, It consists of From 2008 onwards, accounting is mandatory under § 5 of the EStG, Unless otherwise provided in §124 b Z 134 EStG in the Tax return 2007 from the Option to postpone (until the end of 2009) is used

:: Securities coverage for pension reserve

According to §§ 14(7) in conjunction with 124b Z 137 EStG, for the first time per 30 June 2008, at the latest by the end of a calendar year December 31, 2008 a 50%-fold coverage requirement.

:: Exemption from wage-related taxes (13th payroll run)

If allowances that relate to the current year are paid out in the following year, the AbgabensicherungsG 2007 provides for the following procedure for the deduction of wage-related taxes: If the payment is made by the end of February 15, the payroll tax can be recalculated by rolling over the previous payroll period. Find no rolling Instead, these are Clothing the pay period December to be counted (Section 77, paragraph 5 of the EStG). If allowances for the previous year are paid under the January 15th to February 15th paid out, the Income tax until February 15th to be carried over to the previous year, In this case, § 67, paragraph 8, letter c of the EStG does not apply (§ 79, paragraph 2 of the EStG), and the annual salary statement must be corrected. This withholding obligation also applies to the DB, DZ, and KommSt.

:: New service travel term from 2008 (Client Info 9/2007)

Daily allowances paid based on wage-related regulations are tax-free only if the travel allowances specified in § 3, section 1, letter 16b of the EStG are present. The mileage limit is 30,000 per year. Tax-free Kilometer fines Therefore only up to € 11,400 per year. (30.000 * 0,38).

:: Restrictive reporting requirements (Client information 11/2007)

Employees are already before starting work to register and within 7 days after the end of compulsory insurance Unsubscribe.

:: Measures to promote employment

• Worktime flexibility
  The following measures are planned: extension of the daily working hours, approval of 12-hour shifts, simplification of shift work, 4-day workweek, onboarding and reduction of time credits. Part-time employees who perform overtime are entitled to a 25% overtime bonus, which, however, in certain cases, is not granted.
  
• Bonus for employment of people with disabilities
  For the period from November 1, 2007 to July 31, 2008, a bonus of € 600,- per month In addition to the integration allowance, this funding is also available for apprentices and people with disabilities who set up their own businesses.
  
• Wage subsidy from the AMS for unemployed people
  You will receive a "checkbook" for job searching. The employer will receive a grant for a maximum of 2 years up to 2/3 of the gross income per month (minimum € 1,000).

:: Self-employed savings (New entry)

She will Compulsory for Business owners and New self-employed, who are KV-insured and voluntarily for Freelancers and Farmers. The contribution to the MVK is 1.53% (the KV contribution drops from 9.1% to 7.65%), so the contribution increase is limited to 0.08% and is an operating expense. For active freelancers, there is an option period until June 30, 2008; beginners must decide within 6 months of starting their employment.

:: Extension of unemployment insurance

Freelance employees are from 2008 taxable and will also be included in Insolvency assistance insurance included. For self-employed individuals, inclusion is not scheduled until 2009.

:: End of inheritance and gift tax starting August 1, 2008

The expiration of these taxes seems certain. Unlike a donation, the timing of the inheritance's accrual is not affected. That taxation is triggered by a "random event" (the death of the testator) is likely to be unconstitutional. Avoidance of inheritance tax There are 2 options: The will contains one suspensive condition Only for the inheritance after dem July 31, 2008 and the Beneficiaries of compulsory benefits makes his Claim first after dem Granted on July 31, 2008 (He has three years to do so). However, the legal heirs have no chance of evading taxes. As a measure against asset transfers, the proposal to require reporting on gifts is discussed; failure to comply is expected to result in a "transfer tax surcharge". For foundations, an income tax is expected to be introduced. For property gifts with conditions (residential ownership reservation, loan takeover), the land acquisition tax remains unchanged.
The unexpected consequences have Termination of the DBA by Germany for Austrians, in the event of a Tax nexus point for Germany (residence, habitual residence, assets in Germany, etc.), because this Full inheritance and gift tax liability in Germany is triggered.