(2022)
What are examples of foreign income?
The amount of foreign income is determined by German tax law. Any deductions for income-related expenses are therefore handled according to the Income Tax Act. Foreign income includes:
- Wages from employment abroad.
- Income from savings and deposits with foreign financial institutions.
- Dividends from shares in foreign companies.
- Distributions or income from foreign investment funds or bonds.
- Income from self-employment if the work is carried out abroad.
- Income from agriculture and forestry if the land is located abroad.
