With one of the largest economies in the world, sophisticated infrastructure, and perfect location in the heart of Europe, Germany offers companies huge opportunities for international growth.
With every growth opportunity, there can also be challenges. Companies that do business and mange payroll in Germany often struggle with the complicated tax system, many required tax payments each year, and up to 14 different types of taxes imposed on businesses. There are also many local requirements that can require additional certifications depending on the type of company.
The tax year ends on December 31st, and tax declarations must be made by May 31st each year. Monthly and yearly reporting of social security and Benefits in Kind are required.
Monthly and annual reporting obligations include social security and withholding tax statements, statutory accident insurance and more. Social security statements must be completed and submitted for each employee in March of each year. Tax returns are due by May 31st, but using a tax consultant can delay the deadline December 31st each year.
Blue Marble can help you get your operations under control in Germany. Our cloud-based payroll with customized monthly reporting helps you simplify payroll and our US-based team and in-country experts are here to help when questions come up. Talk to us today about simplifying your payroll in Germany!