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RE: What the actual fuck: Tax and accountants

in Finance and Economy6 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?

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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

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.