IT startup - what tax obligations

Leonard Opitz

Member

Member since 11 March 2018

Berlin, Berlin

Leonard Opitz

11 March 2018 11:23:23

Leonard Opitz

11 March 2018 11:23:23

Berlin, Berlin

Hello,

I am thinking about creating an IT startup in Germany. What are the tax obligations of having a company in Germany, apart from:

- Tax declaration at the end of the Fiscal Year for IRS (IRC)
- VAT declaration every 3/1 Month

Is it mandatory to be registered in the commerce chamber?

Thanks,

beppi

Germany - Singapore Expert

Member since 08 August 2010

World Citizen

Germany & Singapore Expert

beppi

11 March 2018 19:18:51

14808

beppi

11 March 2018 19:18:51

14808

World Citizen

Germany is unfortunately not among the easier places to start a business.
You definitely have to register the business (and decide which legal form to choose), keep proper financial records and submit tax declarations - for which you should engage a professional start-up consultant, accountant and tax adviser, as these things are basically impossible to do right without near-native language skills (and penalties for mistakes are stiff).
The start-up consultant will be able to tell you whether you must join a chamber of commerce or other trade body, and which certifications and permits you must acquire. There are likely to be several.