Surplus income statement - what is the EURE?
Die Surplus income statement — short YOURS — is used by Profit calculation And is similar to the profit and loss statement (P&L), just less complex. This is because it is not linked to double bookkeeping. small businesses and freelancers Simply keep a record and submit the EÜR together with the income tax return under the name 'EUER annex'from the tax office.
Who makes the income surplus statement?
In principle, all merchants are involved in the profit and loss statement within the framework of double bookkeeping committed. However, there are a few exceptions as to why Small businesses and freelancers belong.
Freelancers work in artistic professions or in legal and tax professions as well as in health professions. In other words, authors, lecturers, journalists, doctors, lawyers, tax consultants and therapists.
Small businesses have a business, but are exempted from the obligation to register as real merchants in the commercial register because they Profit and turnover limits fall below. These are included with 800,000 euros in turnover and 80,000 euros in profit per year, which you must not exceed both.
corporations are required to double-entry bookkeeping, for partnerships The turnover and profit limits apply. These exceptions come about because calculating profits does not have to be too complicated when sales and profits are lower.
Components of the EÜR
For the Profit calculation In other words, income and expenditure are compared and expenditure is deducted from income. The surplus Then set the victory That you have to tax. The profit is in fact decisive for how high the income tax, business tax and corporation tax are.
The main ingredient of YOURS forms the profit calculation, there is also additional and supplementary information. Additional information includes reserves and supplementary information on private withdrawals and deposits.
Which requirements and information do you have to comply with?
In contrast to double-entry bookkeeping, income and expenditure are not taken into account after the invoice date, but after the Date of actual payment. That is because that regulates the Inflow and outflow principle. The income includes, among others, the sales tax and operating income, including input tax, salaries, Depreciation and rent for commercial premises. Invoices and account statements are relevant for the income surplus statement, which are prepared in accordance with the Retention obligation must be stored for 10 years.
There are some special features regarding Recording requirement. For example, income and expenditure must be recorded separately according to their sales tax rate. In addition, assets that are not depreciable must be listed in a separate list of investments. For depreciable assets, a Depreciation summary created.
Expenses that can only be deducted to a limited extent and assets with acquisition or production costs below 250 euros are also included separately. These are low value.
