v. Woedtke & Partners | Germany

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Member in Germany Committee Member in Corporate Tax matters

v. Woedtke & Partner is an internationally oriented law firm, acting for corporate and commercial clients in the heart of Dusseldorf, to experienced specialist lawyers who work with competence and passion for delivering excellent client service and tailored legal solutions to your legal needs. Our team is specialized in all areas expertise in banking and finance law, employment and media law, real estate and transport law, and tax and competition law.

Germany has a high level of professional workers and well-trained, educated managers makes Germany into one of the main service providers as well as advanced product manufactures in the world. increasing its dependency of renewable energy sources. and limitation to any investor without notice country of origin. Germany has a long tradition in a stable financial and legal framework. All legal agreements are binding, intellectual property rights are protected and all laws are enforced.

Principal Exports

â‚Ź2,644bn German GDP as of 2012

Principal Imports

Forms of Companies in Germany

Foreign Holdings

Exports according to sectors in 2012 in bn EUR

Corporations

47% 15% 5% 2.5% 2.5% 28%

Machinery & Transport Equipment Chemicals & Related Equipment Food, Drink & Tobacco Mineral Fuels & Lubricants Raw Materials Miscellaneous

3 % 33 13% 1 6% 13% 1 5% 29% 2

Main Export Destinations

Automotive

190

Mechanical Engineering

164

Chemicals

104

Electrical Engineering, Eletronics

86

Metal Products

58

Pharmacy

55

Food, Beverages

45

Rubber, Plastics

38

Corporation is subject of tax (capital gain tax) In general the German Financial Authorities do not recognize foreign trust. The beneficial owner must be named.

Intransparent e.g. GmbH, AG, Verein, Stiftung (Trust)

Partnerships

As an anti-avoidance rule, dividends to holding companies within Europe are only tax free, if the holding company has its own business operation (§ 50 III EStG).

Shareowners are subject to (individual income) tax Transparent GbR, sole proprietor, OHG, KG

Company Taxation which have been active in the market for less than three years and have funding requirements of up to EUR 10 million there are possibilities for grants fFor the establishment or takeover of an enterprise, for the acquisition of an interest in an enterprise, this can also be a part-time business if the plan is to achieve full-time self-employment later and for the consolidation of a young enterprise in the first three years, e.g. NRWInvest or KfW.de

As a result of the mixed and variable components, the

9.6%

6.6%

6.2%

5.9%

5.5%

5.3%

4.9%

59.3%

ten percent between locations. Only the Corporate tax is just 15%. The average individual tax burden is 42%. The VAT is 19% and Real Estate Transfer Tax is 3,5%6%. For business founders, self-employed professionals and small and medium-sized enterprises (SMEs)

France

Netherlands

UK

Italy

Austria

United States

China

Rest of EU

Principal Imports

Average Tax T burden b of Corporations C Corporation ation ns of se selected elected countrie elect countries ntrie es 2010 0 (in %)

19

% Poland

9.6%

6.6%

6.2%

5.9%

5.5%

5.3%

4.9%

20.62% 22.83% Hungary

Germany (minimum)

25

% Netherlands

26% UK

France

China

Belgium

Italy

UK

Austria

Germany (average)

30% Spain

63.4% Sources

Netherlands

29.83%

Rest of EU

www.nationmaster.com/Statistics for economy The Economist, Pocket World in Figures, Edition 2014 Investment Guide to North Rhine-Westphalia

Statistisches Bundesamt

31.40% 34.43% Italy

France


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