Field help:
(2022)
Tax-free share of partial income
Enter tax-free income from a self-employed full-time or part-time job that is subject to the partial income procedure (Teileinkünfteverfahren).
According to the partial income procedure (Teileinkünfteverfahren), 60% of income and capital gains from participations in corporations (shares, limited liability company shares, cooperative shares) are taxable. On the other hand, only 60% of the expenses are deductible as income-related expenses. Therefore, if you hold shares in corporations as business assets, you must separately declare (in Form G or Form S) any dividends and profit distributions received that are included in your income from business or self-employment and only 60% of which is taxable. According to sect. 3 no. 40 Income Tax Act (EStG), the tax-exempt portion equals 40% of the income.
Please check carefully what amount of the partial income was certified. You may have to subtract or convert the tax-free part of the income.
