Which form do I need for the trade tax return?
January 6, 2023 | 40,00 EUR | answered by Simon Schaaf
Dear Sir or Madam,
My name is Jenny Pohlmann and I am the owner of a small business. I am currently facing the challenge of having to submit my trade tax return, as my company made a profit in the last fiscal year. Unfortunately, I have no experience with filing a trade tax return and I am unsure about which form I need for this purpose.
I am currently unsure whether I need to pick up the form for the trade tax return at my tax office or if I can download it online. I also have concerns about whether I will be able to provide all the necessary information correctly and completely, as I am not familiar with the exact requirements.
My concern is that I might make mistakes in preparing the trade tax return and therefore potentially face financial consequences or a faulty tax return. Therefore, it would be very helpful for me if you could tell me exactly which form I need for the trade tax return and what steps I should take in the preparation process.
Could you please explain to me where I can find the appropriate form for the trade tax return and if there are any specific requirements or specifics that I need to consider? Additionally, I would be grateful if you could provide me with tips and advice on how to correctly prepare the trade tax return to avoid errors and ensure a smooth process.
Thank you in advance for your assistance.
Sincerely,
Jenny Pohlmann
Dear Ms. Pohlmann,
Thank you for your inquiry regarding the trade tax return for your company. It is understandable that you may feel uncertain when it comes to submitting such a declaration, especially if you have no experience with it. I am happy to assist you and help you understand the necessary steps and avoid errors.
Firstly, you will need the form "GewSt 1" for the trade tax return. You can either pick up this form directly from your local tax office or download it online from the tax office's website. The website of the Federal Ministry of Finance provides an overview of the various tax forms, including the form for the trade tax return.
Before filling out the form, make sure you have all the necessary documents and information at hand. This includes your profit and loss statement, your balance sheet, as well as all relevant receipts and evidence. It is important to provide all details correctly and completely to avoid any issues or queries from the tax office.
When preparing the trade tax return, ensure that all details are provided accurately and to the best of your knowledge. If you are unsure whether you have all the necessary information or how to indicate certain items, I recommend seeking advice from a tax advisor or specialist.
It is also important to adhere to the deadlines for submitting the trade tax return. Generally, business owners must submit their tax return by May 31 of the following year. If you need more time, you can request an extension from the tax office.
In summary, you can either pick up the form "GewSt 1" from the tax office or download it online, gather all necessary documents and provide accurate information, and adhere to the deadlines for submission. If you have any further questions or uncertainties, I am happy to help.
I hope this information is helpful to you and wish you success in preparing your trade tax return.
Best regards,
Simon Schaaf
Tax Advisor
