Field help:
Other withdrawal of property, usage and services
Enter private shares for withdrawals of goods, services, and usage, e.g. withdrawal of goods, private telephone use, private use of company machinery, or work carried out on private property by company employees.
These are known as non-monetary value withdrawals (private withdrawals). These must be recorded for tax purposes:
- Goods withdrawals (e.g. goods, items) should be valued at the partial value.
- Expense withdrawals (e.g. work services) should be valued at cost price.
Note: The partial value (§ 6 para. 1 no. 1 EStG) is an estimate. It corresponds to the amount a buyer would pay for the individual asset as part of the total purchase price if they continue the business. It usually corresponds to the market value.
Since the associated costs have already been recorded as business expenses, private withdrawals must be recorded as net amounts as business income and subject to VAT. The VAT on private withdrawals must be entered in line 16.
Condition for VAT: The withdrawn items or services must have been previously allocated to the company and subject to input tax. This allocation is documented by the input tax deduction. No VAT is due on withdrawals of items without VAT (e.g. privately purchased).
Typical examples of private withdrawals:
- Transfer of fixed assets to private assets, e.g. cars, computers, machines, buildings
- Private use of a vehicle allocated to business assets
- Private use of a company telephone or telephone line
- Private use of part of the business premises
- Withdrawal of goods or items at the corresponding book value
- Non-monetary gifts to employees (except tokens under 40 Euro)
- Withdrawals of services and usage, e.g. work by company employees for private purposes
- Cash withdrawals, e.g. privately initiated withdrawals from the business account or cash withdrawals
