Entries by Julia Bratusa

German Chartered Accountants vs. pure German Certified Tax Adivisors

Chartered Accountants have extensive experience and go through years of training. Often, clients decide on hiring a Chartered Accountant instead of a certified tax advisor because of the well-grounded and extensive training of Chartered Accountants, which frequently results in a high quality of their work. In addition, an impeccable reputation always plays an important role […]

Tax Number – How can you get it?

The tax number is mandatory on all outgoing invoices. The recipient of an invoice cannot deduct input tax without the tax number of the supplier on the invoice. Of course this only applies to companies with input tax authorization. Without a VAT ID number (Value Added Tax Identification Number) a company cannot identify itself as […]

Branch office vs. Company

We are often asked which one is better: a branch office or a GmbH (Limited Liability Company). Mostly two issues are incorrectly estimated. Many believe that the effort and costs for establishing and administering a branch office are much less than for a subsidiary. Others incorrectly think that they can conduct business in Germany or […]

Legal Form Selection

Selection of the legal form before the foundation of a company is much more than just a formality. There are many legal and tax-related risks and opportunities to be evaluated. We advise you on the selection of the suitable legal form. Factors, which are decisive in the legal form selection Foundation of a company in […]

GGI – Geneva Group International AG Zurich

GGI is a limited company governed by Swiss law with administrative headquarters in Zurich. More than 500 member firms are present in over 120 countries. Roughly 26,000 employees generated a cumulative turnover of over 5 billion US dollars in 2015. For this reason, GGI is world’s largest alliance of independent accounting, auditing, law, consulting and […]

Self-disclosure: What changes came into effect in 2015?

 Subsequent tax declarations for all tax offenses of one tax not subject to the limitation period for minimum 10 years (previously 5 years)     New reasons for blocking (i.e. self-disclosure not allowed): VAT or wage taxation inspection, tax evasion of more than €25,000 per offense, especially severe case of tax evasion     Prerequisite conditions […]

Self disclosure – How does it work?

There is no form and no formal regulation for self-disclosure. The written form is always preferable for keeping evidence. The taxpayer must subsequently declare all amounts not subject to the limitation period and not declared previously. Partial self-disclosures (either not all previous years or not all tax types or not all income) are invalid. If […]

Tax evasion – When does it reach the statute of limitation?

Tax evasion is subject to a limitation period of 10 years and in case of unintentional tax fraud 5 years. However, the limitation period only starts at the end of each year, in which a tax return is filed. If a tax return is not filed, the limitation period only starts after 3 years, i.e. […]