Simplified tax for new foreign workers

Most new foreign workers are covered by a simplified tax scheme called withholding tax on wages for foreign workers. The scheme means that you are taxed at a fixed percentage that the employer deducts from each salary payment. You can not claim a deduction, and will not receive a tax return or tax settlement. You can choose to be taxed according to general rules instead.

If you are not covered by the withholding tax scheme on salary, you will receive a tax return in March / April of the year following the income year. This is an overview of, among other things, income and deductions. You must check the information and correct any errors or omissions. Once your tax return has been processed, you will receive a tax settlement. It shows if you have money for good or owe taxes. You must again check that the information is correct. If the tax settlement is not correct, you can still correct errors.

Latest Accomondations, Forums & Jobs

Indo-German Cultural Association (IGCA) Holi Party On 15th March At Munich.

Read More

India-Scotland IT, Research, and Innovation Round-table That Advancing Collaboration in AI, Blockchain, and Emerging Technologies.

Read More

Join The Neon Holi Party At Düsseldorf On 21st March.

Read More

PM Yoga Awards 2025 – Recognizing Excellence in Yoga Promotion. Register Now Before The Submission Closes!

Read More

Let’s Celebrate Gudi Padwa by The Maharashtra Mandal Bonn Cologne e.V On 29th March.

Read More

Mr. B. S. Mubarak Welcomed Mr. Ralf Schlindwein & Other To Strengthening India-Düsseldorf Business Relations.

Read More

Festival Kolorów 2025 – Wroclaw Holi Celebrations 2025 At Wroclaw On 29th March.

Read More

Italian Wineries Preview Vinitaly in Delhi, Highlighting Shared Italian-Indian Wine Culture. Verona On 6th-9th April.

Read More

Advertisement with us

Advertisement
Advertisement

Catch on Facebook

Comments

No Thoughts on Simplified tax for new foreign workers

Leave A Comment

Explore Portal

Select your desired portal & country to explore

Copyright © 2024 Indoeuropean.eu. All rights reserved.