Germany’s Electronic Income Tax System Delayed
(Sunnyvale,CA) –The German finance ministry has delayed the launch of its new electronic income tax tracking system owing to technical problems.
The delay of the electronic version of the ‘Lohnsteuerkarte’ document used by employers to process employee wages and taxes will have no effect on taxpayers, the German Finance Ministry said in a recent release.
The new income tax tracking system - ELStAM, which was supposed to be in use from January 1, 2012, has already been postponed several times.
ELStAM was developed to streamline the existing tax processing system and reduce paperwork both for both businesses and the tax administration.The Federal Taxpayers Association (Bund der Steuerzahler Deutschland) has urged the government to clarify the income tax payment procedure for employers from January 1, 2012.
Please call or email for more details.
About Nair & Co.
Nair & Co. provides you with your one touch
outsourced finance,
internal audit compliance,
HR and legal department for your international operations. If you are expanding
abroad for the first time, our turnkey solution will help you do so with minimal
risk, stress and cost. We currently support more than 1000+ client operations in
over 50 countries and have core offices in U.K., India, China, U.S., Japan and Singapore.
Nair & Co. was named among the top 100 outsourcing services providers in the world
by the International Association of Outsourcing Professionals (IAOP). Learn more
at www.nair-co.com
Disclaimer :
Published: December 19, 2011. The details provided above are purely on an informational
basis. It is not comprehensive nor does it provide legal advice. Nair & Co. is not
responsible for any action taken or failure to take any action in reliance on the
above. Please note that this calendar is not intended to be all-inclusive and covers
only major deadlines, not all deadlines. Any information is subject to change without
notice.
|