EXPLANATION OF THE “TAX CALCULATOR”:
BRUTTO: Gross salary including taxes
SV: Sozialversicherung (Social insurance) is 18.12% of Gross Salary. The amount includes social security and insurance for family members
LST: Lohnsteuer (Income tax)
NETTO: Net Salary (Gross Salary – taxes); this is the amount employees receive directly as payment
Employees can apply for an employee tax assessment and receive partial repayment at the beginning of the following year for expenses such as:
- private personal insurance
- education and training, retraining
- professional literature
- language courses (if not paid by employer)
All receipts and documents must be kept for 7 years.
SPECIFIC-GROUP CAN RECOMMEND A TAX CONSULTANT FOR YOU.