Field help:
(2018)
Pension obligations
Tick this box if you have to pay a pension to a third party.
Pensions result from the transfer of assets. A pension is understood to exist in the case of regular payment of the same amount. By contrast, long-term financial burdens are recurring payments, the amount of which can be adjusted according to the financial situation of the parties involved.
Important: The deductibility of pensions or long-term financial burdens depends on the date of the relevant contract. The Annual Tax Act 2008 (Jahressteuergesetz) abandons the differentiation between pensions and long-term financial burdens (sect. 10, para. 1, no. 1a of the Income Tax Act (EStG) 2008).
