Exemption from taxes with payment of a compensation up to 31.12.2007

Rechtsanwaltsofort.de (openPR) - Stuttgart, 6 February 2007. Employers commit themselves to pay regularly for the reconciliation of the loss of the job a compensation to the employee. Up to 31.12.2005 was compensations up to the amount of 7.200 euro taxfree. With an age starting from 50 years and 15 years seniority applied for exemption from taxes up to an amount of 9.000 euro, starting from 55 Lebensjahren and 20 years seniority even up to a compensation height of 11.000 euro.

„By the law to the entrance into a fiscal emergency program the exemption from taxes for compensations was abolished “, reports the Stuttgart woman barrister Simone Scholz. „Of it all employees are concerned, which agreed after that 31.12.2005 with their employer on a compensation. “The requirement on the compensation originated in however up to 31.12.2005 and flows it to the employee up to 31.12.2007, then the employee still comes into the benefit of the regulations mentioned to the exemption from taxes. Same applies, if a compensation is based on a judicial ruling, before that the 01.01.2006 was met or up to 31.12.2005 with the labor court pending complaint; A condition for the exemption from taxes is in each case that the compensation must flow to the employee up to 31.12.2007. Employees should therefore absolutely insist on the adherence to this period, guess Scholz.

It depends underlying on the receipt of payment at the employee. It is not sufficient, if the employee up to 31.12.2007 only the execution against the employer introduced.

The social security-legal treatment remains unchanged by compensations. These are and remain social security-free. However if a payment of the employer is only defined as compensation, although it actually concerns contractually owed achievements, then such a payment is liable to social security.

Press contact
Birgit ruffle. jd&p communication agency.
Tel: (06131) 90622-44. E-Mail: krause@jd-p.de. www.jd-p.de

Source
Woman barrister Simone Scholz. Firnhaberstrasse ä. 70174 Stuttgart

Over Rechtsanwaltsofort.de
After the study of the jurisprudence at the Johannes good mountain university Mainz Simone Scholz is active since the year 1998 certified woman barrister and for the Kanzlei Kosmidis, Pantzer, Gudnason in Stuttgart. To their activity emphasis belong the real estate, renting and industrial law. With its Internet portal www.rechtsanwaltsofort.de makes the Juristin possible competent legal advice without large expenditure of time: by E-Mail (scholz@rechtsanwaltsofort.de) or telephone (0900/5869292) the Rechtsexpertin gives right information immediately to a fixed overall fee. Simone Scholz attaches great importance with its daily work to a comprehensive consultation and an understandable explanation of the legal situation. As a woman barrister it is certified, entitled to act as substitute at all district courts, regional courts, higher regional courts and labor courts of Germany at the regional court and higher regional court Stuttgart as well as member of the bar Stuttgart.

Further information under www.rechtsanwaltsofort.de

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