Annual tax
As annual tax will tax types categorized, where the basics of taxation for one calendar year to be redetermined. This is usually done in the context of an assessment procedure by filing an annual tax return , if necessary also by estimating the tax bases by the tax authorities . The most significant annual taxes with regard to tax revenue are income tax ( Section 2 (7) sentence 1 EStG ), trade tax ( Section 14 sentence 2 GewStG ), corporation tax ( Section 7 (3) sentence 1 KStG ) and sales tax ( § 16 Abs. 1 S. 1 UStG ).
It should be noted here that the profit calculation period for income taxes does not necessarily have to coincide with the calendar year, but may not exceed twelve months. In the case of tradespeople , farmers and foresters doing their accounts , the profit made in a financial year other than the calendar year may therefore also be subject to annual taxation. In practice, either the entire profit is subject to taxation in the calendar year in which the financial year ends (in the case of traders) or it is split on a pro-rata basis (in the case of farmers).
