The term “Steuererklärung” translates to “tax return” in English. It refers to the process of reporting income, expenses, and other tax-relevant information to tax authorities.
What is “Steuererklärung”?
In Germany, the “Steuererklärung” is a formal declaration made by individuals or businesses to the FinanzamtThe Finanzamt, literally translated as "Finance Office," is a term that newcomers in Berlin will encounter frequently. It refers to... More (tax office) detailing their taxable income and other tax-related information for a specific year. This process determines the amount of tax owed or the refund due to the taxpayer. It is an essential part of tax compliance in Germany, and various forms and documentation are required to complete it accurately.
More information about “Steuererklärung”
The “Steuererklärung” can be submitted electronically via the ELSTERELSTER, which stands for "Elektronische Steuererklärung" (electronic tax declaration), is a digital platform provided by the German tax authorities. It... More platform or in paper form. Taxpayers can benefit from deductions and allowances that may reduce their taxable income. Deadlines for submission vary depending on whether the taxpayer is receiving assistance from a tax advisor or not. For the tax year 2023, the deadline for individuals not using a tax advisor is September 2, 2024[4][5]. Taxpayers can use various online tools and software to assist with the preparation of their tax return, such as LohnsteuerThe term "Lohnsteuer" translates to "wage tax" in English. It refers to the income tax that is deducted directly from... More Kompakt, which offers a user-friendly interface and tips for maximizing refunds[1].
Related to “Steuererklärung”
Here are some additional terms that are related to “Steuererklärung”:
- FinanzamtThe Finanzamt, literally translated as "Finance Office," is a term that newcomers in Berlin will encounter frequently. It refers to... More: The local tax office responsible for collecting taxes and processing tax returns.
- ELSTERELSTER, which stands for "Elektronische Steuererklärung" (electronic tax declaration), is a digital platform provided by the German tax authorities. It... More: The electronic tax declaration system used in Germany for submitting tax returns online.
- LohnsteuerbescheinigungThe Lohnsteuerbescheinigung, or wage tax certificate in English, is a document that every employee in Germany receives from their employer... More: The certificate of wage tax deduction, which is an essential document for employees when filing their tax return.
- Freibetrag: A tax-free allowance or exemption that reduces the amount of taxable income.
- Sonderausgaben: Special expenses that can be deducted from taxable income, such as certain insurance premiums or donations.
In conclusion, the “Steuererklärung” is a critical process for individuals and businesses in Germany to report their income and calculate their tax liability or refund. It is closely linked to various tax-related concepts and documentation.