The term “Ertragsvorschau” translates to “revenue forecast” or “profit and loss statement” in English. It is a document that outlines an individual’s or business’s expected income and expenses over a certain period.
What is “Ertragsvorschau”?
In the context of applying for a German freelance visa, the Ertragsvorschau is a crucial document. It demonstrates to the German authorities how an applicant plans to sustain themselves financially while living in Germany. This document is particularly relevant for freelancers and self-employed individuals moving to Berlin or anywhere else in Germany, as it forms part of the application process for obtaining a freelance visa[1][2]. The Ertragsvorschau must show realistic, yet ambitious, estimates of income and expenses, as a higher projected income can potentially lead to the issuance of a longer visa[1].
More information about “Ertragsvorschau”
The Ertragsvorschau should not include personal living expenses like apartment rent but should focus on business-related expenses such as office rent, trade tax (GewerbesteuerThe term "Gewerbesteuer" translates to "trade tax" in English and refers to a tax levied on the income of businesses...) if applicable, and other business taxes[1]. It’s important to note that freelancers (FreiberuflerFreiberufler, literally translated as "freelancer" in English, refers to self-employed professionals in Germany who offer specialized services based on their...) in Germany are not required to pay trade tax, which differentiates them from other types of self-employed individuals (selbständigThe term "selbständig" is a German word that translates to "self-employed" or "independent" in English. What is "selbständig"? In Germany,...)[3].
Related to “Ertragsvorschau”
Here are some additional terms that are related to Ertragsvorschau:
- FreiberuflerFreiberufler, literally translated as "freelancer" in English, refers to self-employed professionals in Germany who offer specialized services based on their...: A freelancer or professional practicing a liberal profession, such as a doctor, lawyer, or artist. FreiberuflerFreiberufler, literally translated as "freelancer" in English, refers to self-employed professionals in Germany who offer specialized services based on their... benefit from certain tax advantages in Germany, including exemption from trade tax[3].
- GewerbesteuerThe term "Gewerbesteuer" translates to "trade tax" in English and refers to a tax levied on the income of businesses...: The trade tax applicable to business owners in Germany. The amount of GewerbesteuerThe term "Gewerbesteuer" translates to "trade tax" in English and refers to a tax levied on the income of businesses... paid can reduce the income tax owed[1].
- SelbständigThe term "selbständig" is a German word that translates to "self-employed" or "independent" in English. What is "selbständig"? In Germany,...: Refers to being self-employed in a commercial sense, such as owning a store or selling physical products. This status differs from being a FreiberuflerFreiberufler, literally translated as "freelancer" in English, refers to self-employed professionals in Germany who offer specialized services based on their... mainly in terms of tax obligations and the requirement to pay trade tax[3].
Understanding the Ertragsvorschau and related terms is essential for freelancers and self-employed individuals planning to move to Berlin or elsewhere in Germany, as it directly impacts the visa application process and tax obligations.