How Foreign Income is Taxed in Germany? | Avoid Fines & Double Taxation | DTAA

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Thousands of Euros in fines and multiple years in prison. Tax evasion is a serious offense in Germany and in basically all other countries. If you don't declare your income from foreign sources in your tax return and pay taxes for that, then you could be in trouble. Because most countries have agreements with each other and there is a regular exchange of information. So just because the tax office hasn't asked you about your global income yet doesn't mean they won't ever. It's just a matter of time. So in this video, I will explain to you what the tax rules about foreign income and how to declare it properly to avoid penalties. Even though I have taken Germany here as a reference, the basic principles are kind of the same and there will be something for you here irrespective of where you live. Let's get started.

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0:00 Intro
1:04 Country of Residence Principle
1:32 Country of Source Principle
2:15 Double Taxation Avoidance Agreement
2:45 Unlimited Tax Liability
3:22 Exemption Method
4:37 Credit Method
5:25 Income From Employment
6:26 Rental Income
7:01 Dividend & Interest Payments
8:56 Capital Gains

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. The video is accurate as of the posting date but may not be accurate in the future.

Видео How Foreign Income is Taxed in Germany? | Avoid Fines & Double Taxation | DTAA канала Srijith Kariyattil