Full interview with Dirk for channel members: ruclips.net/video/qcIIDhg1pkg/видео.html Join this channel to get access to perks: ruclips.net/channel/UCyb3q2v3OvEQgBCN4eJ0GSwjoin
I have a question. Turkey and Germany has tax regulations and governmental declarations of people. If I live in Germany and have a rental house in Turkey; should I still pay tax in Germany while paying tax in Turkey for the house?
Interesting video. One point kind of got missed. In the scenario of investing in mutual funds or stocks in say a country like India. Say the mutual fund rose in value by 15 percent in one year but no money was taken out of it, ie no units were sold. Is it correct to assume that this 15 percent is not counted as income and need not be declared in germany?
Even unrealized capital gains need to be declared in Germany because that is considered income ("Vorabpauschale" ruclips.net/video/YWG8U75k6lI/видео.html). Dirk explains this in detail in the full interview that is available for channel members.
@PerFinEx but assuming the same scenario, if mutual fund rose 15%, and you don't take it out but in future when you take it out you will be paying tax as per indian laws. Then do we still need to show this unrealized gains in germany? I thought germany had tax treaty so if I am subjected to tax in india in case I take money out of mutual funds why do we still need to declare it in germany.?
When do I have to declare the additional income and pay? My employer pays me in foreign stocks in 2024, do I declare it in Germany immediately or next year when I file the tax return?
What about Double tax agreement between india and Germany. For stock investment capital gain in India, I need to declare it here then it will only change my income tax slab rate or I have to pay difference like in germany tax is 25% and capital gain tax in India is 15 % so do I have pay difference 10 % here in Germany ?
Hi, I work in IT and have a permanent residence. But, since I work fully remote, I work outside Germany for 5 months every year in my country (not EU). My company doesn't allow it but they never cared , however I found Germany have double taxation agreement with my country. Will this have impact if I apply for the citizenship ?
I am living in germany and working for a firm in india and earning in india in INr and all related taxes are debited in India before salary credit. I have no income in germany and living here on depenxent blue card visa… do i need to pay tax in germany ?
Hi, Thanks for the useful Information. Regarding Capital Gain in India. How to declare the earning from Capital Gain in India, If we missed in one Year. I submitted the Tax Return for Year 2022. Tax Return is processed as well. I added the Income earning from Employer, as I worked for 2 Months in India. But I forgot to add the income earned from Capital Gains (Interests on Saving/FD, Profit from Shares). How can this be declared now. Can this be entered in 2023 Tax Return OR can a correction be submitted for Year 2022. Thanks.
Another reason to NOT move to Germany, why do they think that they are entitled to my money from another country! Plus they will be giving me a terrible pension if I were to come and waste 50% of my income
I am a permanent resident of Germany. I still have to pay US taxes and German taxes. The US is the only country that requires anyone with a US passport to file taxes. Regardless of if you are a dual citizen and have never lived in the US. Which is fairer system do you think? Edit: Also we get absolutely nothing for your taxes you pay in the States. In Germany the citizens are taken care of. I will bet that all things considered we pay far more taxes in the US.
Whenever I call a tax advisor, they either do not speak English at all or even worse, they just reject helping by stating that they are occupied. In the end, I used Taxfix for this year but I am not very comfortable with it.
Full interview with Dirk for channel members: ruclips.net/video/qcIIDhg1pkg/видео.html
Join this channel to get access to perks: ruclips.net/channel/UCyb3q2v3OvEQgBCN4eJ0GSwjoin
What if you are paying interest on the loan/mortgage to the bank outside Germany, could you get tax benefits in Germany for non-EU bank loan?
I have a question. Turkey and Germany has tax regulations and governmental declarations of people. If I live in Germany and have a rental house in Turkey; should I still pay tax in Germany while paying tax in Turkey for the house?
Interesting video. One point kind of got missed. In the scenario of investing in mutual funds or stocks in say a country like India. Say the mutual fund rose in value by 15 percent in one year but no money was taken out of it, ie no units were sold. Is it correct to assume that this 15 percent is not counted as income and need not be declared in germany?
Even unrealized capital gains need to be declared in Germany because that is considered income ("Vorabpauschale" ruclips.net/video/YWG8U75k6lI/видео.html). Dirk explains this in detail in the full interview that is available for channel members.
@PerFinEx but assuming the same scenario, if mutual fund rose 15%, and you don't take it out but in future when you take it out you will be paying tax as per indian laws. Then do we still need to show this unrealized gains in germany? I thought germany had tax treaty so if I am subjected to tax in india in case I take money out of mutual funds why do we still need to declare it in germany.?
What happen if you are a Germán resident but you work in a country with no income tax ?
Thank you for sharing this useful information about taxation.
When do I have to declare the additional income and pay? My employer pays me in foreign stocks in 2024, do I declare it in Germany immediately or next year when I file the tax return?
What about Double tax agreement between india and Germany. For stock investment capital gain in India, I need to declare it here then it will only change my income tax slab rate or I have to pay difference like in germany tax is 25% and capital gain tax in India is 15 % so do I have pay difference 10 % here in Germany ?
Hi, I work in IT and have a permanent residence. But, since I work fully remote, I work outside Germany for 5 months every year in my country (not EU). My company doesn't allow it but they never cared , however I found Germany have double taxation agreement with my country. Will this have impact if I apply for the citizenship ?
I am living in germany and working for a firm in india and earning in india in INr and all related taxes are debited in India before salary credit.
I have no income in germany and living here on depenxent blue card visa… do i need to pay tax in germany ?
YES
So if i send money to my parents's account in India and they use it for investing or for their purposes, do i have to declare it here in germany ?
Hi, Thanks for the useful Information. Regarding Capital Gain in India. How to declare the earning from Capital Gain in India, If we missed in one Year. I submitted the Tax Return for Year 2022. Tax Return is processed as well. I added the Income earning from Employer, as I worked for 2 Months in India. But I forgot to add the income earned from Capital Gains (Interests on Saving/FD, Profit from Shares). How can this be declared now. Can this be entered in 2023 Tax Return OR can a correction be submitted for Year 2022.
Thanks.
what about if someone is renting property under parents name? so I have the money but it belong to my parents.
Another reason to NOT move to Germany, why do they think that they are entitled to my money from another country!
Plus they will be giving me a terrible pension if I were to come and waste 50% of my income
I am a permanent resident of Germany. I still have to pay US taxes and German taxes. The US is the only country that requires anyone with a US passport to file taxes. Regardless of if you are a dual citizen and have never lived in the US. Which is fairer system do you think? Edit: Also we get absolutely nothing for your taxes you pay in the States. In Germany the citizens are taken care of. I will bet that all things considered we pay far more taxes in the US.
Whenever I call a tax advisor, they either do not speak English at all or even worse, they just reject helping by stating that they are occupied. In the end, I used Taxfix for this year but I am not very comfortable with it.