• Tax Simplification Law

  Filed under News
  Dec 10

  Draft law on tax simplification Act 2011 tax breaks partly already 2011 apply the Federal Government intended, some of the tax simplification Act to introduce 2011 planned measures already from this year. But not all tax simplification cause also a financial relief. So, the planned new rules can lead to the calculation of travel expenses between home and work even for a lower advertising cost deduction. See our first post. Our second post reported about the current case law concerning tank – and gift vouchers. Employers can give their employees as tax-free benefits in kind tank and gift vouchers. With several current decisions the federal financial judges deviate from the restrictive practice of financial management and thus allow different designs.

  The third post to inform tax relief granted the financial management to all those who have been damaged by the floods in January 2011. The final article explains under what Requirements employers their workers a company laptop also for private use can leave tax-free. On the 2nd February 2011, the Federal Cabinet decided 2011 draft law on tax simplification Act. Some of the planned changes would apply this already retroactively from January 1. This includes in particular raising the advertising expenses for workers from 920 EUR to 1000 EUR.

  Some measures still imperfections is, before the law can pass the Bundestag and Bundesrat. This applies to E.g. travel expenses for daily driving between home and work. To facilitate this trip cost from 2012. Who uses alternate public transportation and car, or daily is a part of the journey by bus or train, and the rest of the car, must prove not more per day but only this for the entire year. However, this simplification may cause burdens in individual cases. A combination of the distance allowance (0.30 EUR per) To be no longer possible for example in the so called Park & ride distance kilometers) and the actual expenses for public transportation (such as bus – month map).

  Tagged as: law, law & taxes
  
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