Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Debunking the Tax and Legal Myths of
Doing Business in Germany
Thursday, April 28, 2016
Wingtip Club
550 Montgomery Street...
Joerg Kemkes, Managing Director
Rueter Partner, San Francisco
Presenters
3 Lower Corporate Tax Burden
Reduction of average tax burden for corporations
from 38.7% to 29.8%
39.6
39.5
38.7
34.4
34,0...
4
GmbH Taxation
 Trade tax (depends on location)
• about 14% of taxable income
 Corporate tax
• 15%, solidarity surcharg...
5
VAT Impact
VAT Impact for Companies is zero, The VAT is
only a burden for the ultimate consumer
 Sales tax - 19%, 7%, 0...
6
Employment Regulations
 10 or less employees: Employment Protection Act
does not apply
 More than 10:
• Employment Pro...
7
Challenges
 Travel Expenses
 Identifying Taxable Benefits
 Customer and Internal Events
 Gifts to clients and employ...
8
Contact
Rueter Partner San Francisco
101 Montgomery Street, Suite 2050
San Francisco, CA 94104
U.S.A.
www.rueterpartner....
Upcoming SlideShare
Loading in …5
×
Upcoming SlideShare
Sayings to start the new year
Next
Download to read offline and view in fullscreen.

0

Share

Download to read offline

Debunking the tax and legal myths of doing business in Germany

Download to read offline

Presentation at the "Talent? Success? Germany." event in San Francisco on April 28th, 2016 by Joerg Kemkes, Rueter Partner.

Related Books

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

Debunking the tax and legal myths of doing business in Germany

  1. 1. Debunking the Tax and Legal Myths of Doing Business in Germany Thursday, April 28, 2016 Wingtip Club 550 Montgomery Street San Francisco, CA 94111
  2. 2. Joerg Kemkes, Managing Director Rueter Partner, San Francisco Presenters
  3. 3. 3 Lower Corporate Tax Burden Reduction of average tax burden for corporations from 38.7% to 29.8% 39.6 39.5 38.7 34.4 34,0 31.4 30,0 29.8 26,0 25,0 25,0 24,0 20.6 19,0 19,0 12.5 - 10.0 20.0 30.0 40.0 50.0 USA Japan Germany (till 2007) France Belgium Italy Spain Germany UK Denmark Netherlands Greece Hungary Poland Czech Republic Irland
  4. 4. 4 GmbH Taxation  Trade tax (depends on location) • about 14% of taxable income  Corporate tax • 15%, solidarity surcharge 5.5%
  5. 5. 5 VAT Impact VAT Impact for Companies is zero, The VAT is only a burden for the ultimate consumer  Sales tax - 19%, 7%, 0% (non-taxable or tax-free)  Input VAT – fully reclaimable with VAT return
  6. 6. 6 Employment Regulations  10 or less employees: Employment Protection Act does not apply  More than 10: • Employment Protection Act does usually not apply for first 6 months of employment • Shorter dismissal period in the first 6 months if agreed in the contract • Personal reasons - long sickness • Attitude related reasons • Operational reasons – Loss in Revenue, Restructuring, Shutdown
  7. 7. 7 Challenges  Travel Expenses  Identifying Taxable Benefits  Customer and Internal Events  Gifts to clients and employees  Fixed Assets  Transfer Price Study  Interest on Intercompany Account
  8. 8. 8 Contact Rueter Partner San Francisco 101 Montgomery Street, Suite 2050 San Francisco, CA 94104 U.S.A. www.rueterpartner.de Joerg Kemkes D +1 415 248 7815 M+1 415 601 2053 E: j.kemkes@rueterpartner.de

Presentation at the "Talent? Success? Germany." event in San Francisco on April 28th, 2016 by Joerg Kemkes, Rueter Partner.

Views

Total views

269

On Slideshare

0

From embeds

0

Number of embeds

3

Actions

Downloads

3

Shares

0

Comments

0

Likes

0

×