NEBENGEWERBE: Diese Steuererklärungen musst du abgeben, wenn du nebenberuflich selbstständig bist

Summary

This video outlines the tax obligations for individuals running a side business alongside regular employment. It emphasizes that self-employed individuals must file income tax returns annually, regardless of profits or losses. Additionally, it covers the requirements for sales tax (VAT), highlighting the potential to qualify for the small business regulation to avoid sales tax filing if turnover is below 22,000 euros. Lastly, it discusses trade tax, applicable only if profits exceed 24,500 euros. Viewers are encouraged to seek further resources and support to navigate their tax responsibilities effectively.

Takeaways

• 😀 If you have a side business, you are required to file tax returns, even if you have a regular job.
• 💼 Being self-employed, whether part-time or full-time, subjects you to the same tax obligations.
• 📝 You must submit an income tax return annually as a self-employed individual, regardless of your income situation.
• 📊 Combine income from your main job and self-employment in one income tax return using specific attachments.
• 💰 Sales tax (VAT) is typically added to your service or product prices, usually at a rate of 19%.
• 📅 If you pay over €2,000 in sales tax annually, you must file quarterly sales tax returns.
• 👥 Small Business Regulation exempts eligible small businesses from sales tax obligations if their turnover was under €22,000 in the previous year.
• 📉 Freelancers are generally exempt from trade tax, while businesses must pay trade tax only if profits exceed €24,500.
• 🔄 Losses can be carried forward to offset future profits, which can be beneficial for self-employed individuals.
• 🔍 Tax offices may still require tax returns even if your profits are below the thresholds, so stay informed and prepared.

Q & A

Do I need to file tax returns if I have a side business?

Yes, if you have a side business, you are required to file tax returns regardless of whether you also have a regular job.

What types of taxes do I need to be aware of as a self-employed individual?

As a self-employed individual, you need to be aware of income tax, sales tax (VAT), and trade tax.

Is there a legal obligation to file an income tax return if I only have employment income?

There is usually no legal obligation to file an income tax return if you only have employment income, but it may be advisable.

What is the significance of filing an income tax return when self-employed?

Once you are self-employed, you must file an income tax return annually, regardless of your earnings or losses.

Do I need to submit a separate income tax return for my self-employment income?

No, you do not need to submit a separate income tax return; instead, you will include additional attachments for self-employment income.

What is the small business regulation and who does it apply to?

The small business regulation exempts qualifying small businesses from filing sales tax returns. It applies if your turnover was below 22,000 euros in the previous year.

How does sales tax (VAT) work for self-employed individuals?

If you provide services or sell products, you must add sales tax (usually 19%) on top of your prices and file a sales tax return.

What is the threshold for trade tax liability?

You only pay trade tax if your profit exceeds 24,500 euros per year. If below this threshold, you generally do not need to file a trade tax return.

Can self-employed individuals deduct losses in their tax filings?

Yes, self-employed individuals can carry forward losses to offset profits in future years, which can be beneficial for tax purposes.

Are there additional taxes I should consider as a self-employed person?

Yes, depending on your business activities, you may have to consider other taxes, such as vehicle tax if you own a company car.