RE: What the actual fuck: Tax and accountants

You are viewing a single comment's thread from:

RE: What the actual fuck: Tax and accountants

View the full context

davideownzall in Finance and Economy • 6 months ago

You sound to have a very complicated taxing situation, if it's too complex it's good to give the job to some expert even tough you must be careful because if he makes mistakes, it's your balls going in troubles not his ones, then state starts harassing you and you are doomed

You said that one was 3500$ cheaper, my god how much you pay a full year, that's insane!

Honestly I can't compare your situation there with the equivalent here, here it works like this, if your income is already taxed at source, then you are fine, no need to declare anything (examples lottery, betting, work employer wage), otherwise you must declare it and calculate taxes to pay on your own and pay them (example cash out from crypto, house rents)

Actually i just have my employer wage so I wouldn't even have to do any declaration, however I do it anyway because you can get some money back from medicines, visits, kid stuff... I just do it myself because in my situation it's fairly easy, even if I had 1 own living house I wouldn't have to pay anything on it

As for crypto I won't declare them for now, it too little anyways now

6 months ago in Finance and Economy by davideownzall

0.00 FOODIE

1 vote

Sort:

Trending

[-]

galenkp 6 months ago

Yes for sure it's complicated and yeah I have to pay a lot but I use my accountant all year round, not just at tax return time. Without disclosing more than I want to here it's difficult to explain.

Ok, so I get that your employer removes tax and pays to the government prior to you getting paid, but can't you do a claim for "deductions" to reduce your taxable income to them potentially get a tax "return" from the government?

0.00 FOODIE

1 vote

[-]

davideownzall 6 months ago

Yeah I can imagine, hard to explain without giving too many details

Yes employer has a studio doing all calculations and the pay slip and it takes taxes+wage retirement from payroll automatically then pays you with what's left, you can have very small deductions if you are under a certain € x year cap by compiling a module, and also some deductions if you have kid and wife not bringing any income or for disabled relatives, but that's it pretty much, nothing else... In the end of the day 30% of wage goes away to the state

0.00 FOODIE

[-]

galenkp 6 months ago

Ok yeah, the same here for workers, the payroll department takes care of the same things as in your country...obviously there'll be differences though.

0.00 FOODIE

1 vote