Income from business operations is the focus of the Income Tax Act (EStG) par excellence. After all, most entrepreneurial income (as well as all profits of corporations) falls under this very concept. Therefore, today we take a look at the basics of § 15 EStG and additionally look at what possibilities you have for determining the tax profit!
The EStG distinguishes between current and one-off income from commercial operations (profits from sales). To these incomes, regulated in § 16 and § 17 EStG, we dedicate our own contribution. In this we focus accordingly on the current income, which § 15 EStG finally regulates.
The legislator distinguishes between three generic terms:
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.