Search term
Here you will find information about financial matters, such as the tax system in Germany and how to set up a bank account.
In Germany, salary payments and other everyday transactions such as rent, insurances and phone bills are handled through a bank account.
There are many different types of taxes in Germany, including income tax, VAT, trade tax and more.
Every person registered in Germany receives a tax identification number to ensure their unique identification within the tax system.
As an employee, you have to pay wage tax. The amount of that "Lohnsteuer" depends on your wage and your tax class.
Most people who earn money in Germany are subject to income tax, but not everyone needs to file an income tax declaration.
