Value Added Tax Explained Simply - This is How VAT and Input Tax are Calculated! | Mehrwertsteuer

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Calculating Value Added Tax - Here's How! #mehrwertsteuer #umsatzsteuer
The advance VAT return is familiar to every self-employed person. But why do we actually do it? And how often does it really need to be submitted? We provide the answers to your questions about value added tax and show you how it is calculated.

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▬ Timestamps ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

0:00 - Intro
0:15 - Value Added Tax
0:37 - VAT = Sales Tax? (Umsatzsteuer vs. Mehrwertsteuer)
1:02 - VAT Rates
2:05 - Reduced Tax Rate
2:45 - Tax-Free Sales
4:08 - Gross and Net - Example
5:45 - MediaMarkt Gifts You the VAT?
6:00 - VAT and Self-Employment
6:50 - Calculating Your Tax Liability
8:45 - Frequency of Advance VAT Returns
10:26 - Annual VAT Return
11:33 - Outro

▬ About Melchior Neumann ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

With over 10 years of experience in tax consulting, both as an employee and as a freelancer, Melchior Neumann knows the tax world from both sides. As the founder of several companies and owner of a law firm, Melchior is committed to modernizing the tax industry. On the YouTube channel “Steuerfit für Selbstständige” Melchior Neumann explains complex tax topics in a simple and understandable way for a broad audience.

▬ Disclaimer ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

The speaker does not assume any liability for the topicality, correctness, completeness, or quality of the information provided. Liability claims against the author relating to material or immaterial damage caused by the use of the information provided or by the use of incorrect or incomplete information are excluded to the fullest extent permitted by law. The video does not constitute professional tax advice in any way and does not replace it. The tax framework conditions must always be checked in each individual case and may differ from the representations and information in the video in this individual case.