Field help:
(2023)
Operating income as a small business owner subject to VAT tax (according to sect. 19 para. 1 Value Added Tax Act (UStG)
Small businesses that make use of the small business regulation for VAT purposes must enter the gross amount of their operating income here. Only enter your actual turnover and not any "notional" income, such as the private share of the company car.
You can choose the small business regulation for VAT received if your gross turnover in the previous year was not higher than 22.000 Euro and in the current year is not expected to be higher than 50.000 Euro (§ 19 paragraph 1 Value Added Tax Act (UStG). As a result of the small business regulation, you
- May not display VAT separately in your outgoing invoices,
- Do not need to pay VAT received to the tax office,
- May not claim for the VAT paid in your incoming invoices from the tax office,
- May not specify the VAT rate on invoices for small amounts of up to 250 Euro.
Important note: a VAT statement or the specification of VAT on invoices for small amounts would be considered as an unjustified statement of VAT. The consequence would be that you would have to pay the VAT received to the tax office and the invoice recipient would not be able to deduct the tax as VAT paid.
