Hey Bharat, nice capital growth! Had a similar case with the Finanzamt stealing shares last year because of tax claims that are unfounded, and they never reached out, but they claim they did, like in your case. This system is broke! They lie, and the law is clear in this regard: the Finanzamt needs to make sure that a Bescheid reaches the Steuerpflichtigen, but they don't care unless you bring the case to the Finanzgericht. Romanian ANAF is so much better than German Finanzämter, at least from my experience ... looking forward to learn about your recent fight with them. I think with SAF-T obligation this year there is little space to do wrong calculations. Since I'm a tax resident of both Romania and Germany, living primarily in Romania, I started to flood the German Finanzamt with Einsprüche every 3rd week, so they never try to foist a Bescheid on me again. Not my problem if they get angry now because of the Einsprüche ... it is them who started playing foul. Toxic environment for business owners!
Wow, it’s shocking how common these stories are! Your approach with the Einsprüche is interesting-did you find it actually made them more cautious, or did it escalate things further? Also, how did dealing with the Finanzgericht compare to ANAF in Romania? It sounds like you’ve navigated both systems-any tips or key differences that others should know about? Our fight was with the ANAF at Constanta and they were some of the most incompetent people we came across. The moment the case got handed back to Bucharest, everything got solved without any issues. I didn’t even know that it got fixed while recording the video, but I’m so happy it did. It costed me 6 months of my nerves - specially exactly the moment when my daughter was born which was not nice and 20k in legal fees to get this fixed.
@, I don't care about a good relationship with the Finanzamt anymore, because the only thing to make this broken system work right is to go to the Finanzgericht as early as possible. From the experiences of my dad, I don't think that the Sachbearbeiter learn from lost cases and act differently. In fact, my dad had one case last year where the Finanzamt rejected his Einspruch and straight after he filed the Klage at the Finanzgericht, the Finanzamt pulled back and issued a new Bescheid, as requested by my Dad. Obviously the Rechtsbehelfsstelle knew they were wrong, but they gambled if he would give up or go to court. And this year they'll likely try the same shit again, failing again, and proceed the same way the year after. I'm in Brasov, hopefully the ANAF here is more competent than in Constanta. Since I still life in Germany a part of the year, I might be a double taxation agreement case, though that is not certain, since I leave my keys in Germany when I go to Romania. According to the Schlüsselgewalt-theory, I might not have a Unbeschränkte Steuerpflicht in Germany, however I act as if I would have. Two important learnings: 1. Always have your documentation ready as if you would go to Finanzgericht next week. 2. Be proactive with the Finanzamt. Don't feed their "fehlende Mitwirkung"-argumentation. Looking forward to learn about your ANAF trouble.
@@saschaheylik, if so. has a permanent living space in Germany, no matter how long he spends time there, he is a tax resident and "unbeschränkt steuerpflichtig", § 1 Abs. 1 S. 1 EStG. A similar rule exists in Romania: Art. 58 a)←Art. 17 Nr. 28 Codul Fiscal. If so. is a tax resident in both countries, a double taxation agreement becomes relevant. Otherwise, if so. would only be tax resident in one country, there wouldn't be a need for a double taxation agreement, right? According to the BFH Urteil v. 23.10.2018 - I R 74/16, the Finanzamt first has to do the regular Veranlagung and second check if double taxation rules apply, like between Germany and Romania. So both countries calculate the taxes, but only the country with the centre of vital interests gets the right to tax the person. You can read the criteria in Art. 4 of the German-Romanian DTA, it contains the logic how a (tax) resident in both countries is considered to be only (tax) resident in one country. Unfortunately in a BMF-Schreiben (12.12.2023) the BMF tries to narrow the criteria of the DTAs with abusive rules like a general assumption of the centre of vital interests in Germany (Rn 15) and intesified Mitwirkungspflichten (Rn 14): guess what: if so. doesn't react on time to a letter from Finanzamt (that he never received (like Bharat or me experienced already)), the Finanzamt can turn this against him and make him pay taxes in Germany as a resident even if according to the DTA he is only resident in Romania. www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Steuern/Internationales_Steuerrecht/Staatenbezogene_Informationen/Laender_A_Z/Rumaenien/2003-11-14-Rumaenien-Abkommen-DBA-Gesetz.pdf?__blob=publicationFile&v=3
As a German this shit hits home. The system is made for big corporations to keep succeeding, but if you own a small company and cannot go to court because it is too expensive, they basically do what they want with you.
As a German citizen I oftentimes wanted to found a company but horror stories always connected with the Finanzamt held me back so I never did it. Dealing with the financial system here is a total pain. Not mentioning the paperwork. Even if one day you should decide to close your company and move abroad they make you pay high amounts of Wegzugssteuer. Germany is set up to be a nation of employees and not of selfmade business men.
The Problem was the local tax. This tax will be noticed to the Finanzamt but normally has to paid to a different entity (Gewerbeamt or Stadtkasse). The Finanzamt collect the "Einkommenssteuer" (and "Umsatzsteuer") which benefits the county and the state.
Sorry for your loss. I’m planing to leave Germany. And your story just reinforced my thoughts. This country is totally rotten. It’s sad to see how the country we live for years and have to leave with different reasons. I wish you well and good luck for the future!
@@olfo4100 Für wen ist es wirklich besser? -Selbstständige -Erfinder -Programmierer -Ingenieure -Forscher -und so Also eigentlich jeden, der mit eigener Arbeit Geld verdienen will.
@@stefaniaschweizer9748 if he was a fraud, his whole assets was already froze by now. Whatever Finanzamt did is totally not acceptable and should be reported.
Things like this makes me wish for a whole EU especially Germany Economy downfall. Finanzamt is the biggest EU mafia. If only they treated the German politicians the same way they treat people living in germany and german citizens but to the Politicians they turn a blind eye.. The German Dream (In contrast to American Dream) is making enough cash just to leave Germany forever.
imagine how shitty italy is.. that i had to run in germany to make money.. im getting double the money for the same job i did in italy. But even tho im getting better financially, i just hope my investment makes me enough money to run away from here too.
I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week. i started with 5k in last week 2025... now i just hit $32,590
Same here waking up every 14th of each month to 57,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera
Timing is crucial, and as Ms Evelyn Vera suggests, it's often wise to make purchases during market downturns, prioritize acquiring solid assets, and explore options that allow you to generate passive income while yu invest
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
They simply want to send you a message just to let you know they are still watching your activities.Flexing their muscles so to speak. You need to sue them, its abuse of authority.
When I started my own online business and began earning money, I realized that trying to protect the money I earned was far more stressful than earning it in the first place. When I was a salaried employee, I believed there were laws and rules in place, but now I’m experiencing that the environment is more like a lawless jungle. I neither have the time nor the mental capacity to fully grasp this system. Defending the money I’ve earned is incredibly stressful, and I simply can’t handle it. I dont want to be a mafia boss-I just wanted to be the boss of my own small online business.
It’s unsettling, isn’t it? The system feels rigged, like there are hidden forces waiting to exploit every small success. The more you earn, the more it feels like you’re being watched, targeted, and trapped in a game where the rules only benefit the powerful. It’s no wonder the stress becomes unbearable. The only way forward is to protect yourself-consult a lawyer or financial expert who can help you build an ironclad defense for what’s rightfully yours. I have really learnt that the money I spent on the lawyers so far learning things was some of the best money I spent.
Finanzamt has a very criminal mind set here in germany. They don't take a shit if something is legal or illegal, they do it and you can run after your money on courts. But german tax laws are created so complex that you often do not have any chance to get it back, except you have your man in that department.
The best part is when you take them to court and they lose, as a taxpayer you kinda still pay their legal bill (along with everyone else). So there is zero incentive for them not to screw up.
The seizure was made from the local town because he not payed the "Gewerbesteuer" on time. He also forgot to inform the right entity about his relocation.
"Rechtsstaat" in Germany means, the state is always right. But there is still a substantial portion of the population who will deny this and claim that everything is completely fine, and the German state _isn't_ an overpowering, money grabbing leviathan.
You should have made a CumEX Steuererklärung to receive double tax payment FROM the Finanzamt, like Banksters in Hamburg usually do. Ask Olaf for advice.
It's crazy that Baader Bank would just start trading someones stock without any information to the owner. Like they sit down and randomly decide which stock to sell, without even regarding their customers investment strategy and plans.
Germany has an election next month! This video needs to go viral! They way the german government handles taxes, needs to be reformed from the ground up!
Not really. While using a foreign broker might seem like a solution at first glance, it’s not as foolproof as it sounds. European tax authorities are increasingly collaborating through international frameworks like the Common Reporting Standard (CRS). CRS is an agreement between over 100 countries, including all EU nations, to automatically exchange financial information. This means that even if your broker is based outside Germany, they are legally required to report your account details, income, and holdings to your country of tax residency-or, in some cases, your former country of residency. Tax authorities across Europe-and even beyond-are working together to close loopholes. They share information regularly to prevent tax evasion and ensure compliance. Even brokers in countries outside the EU participate in this system. Many brokers, even in seemingly distant jurisdictions, comply with CRS and are obligated to follow any legal directives from European governments. If a tax authority issues an asset seizure or liquidation request, the broker might have to comply, depending on their agreements and local regulations. The issue isn’t where your broker is located-it’s about the growing powers of tax authorities to enforce cross-border compliance. Once flagged, your global assets become part of the broader net, and foreign brokers might not offer the protection you’re hoping for. Even if your foreign broker initially resists action, tax authorities can push further by targeting your accounts or investments through broader enforcement mechanisms. They might also penalize you directly, such as imposing fines, restricting access to your domestic accounts, or freezing other assets. In short, while using a foreign broker might give a false sense of security, the reality is that Europe’s increasingly synchronized tax systems leave very few escape routes. Diversifying globally might be a better approach, but even then, you’re never entirely out of reach.
The reality is that unless you have a nuke arsenal in your backyard, when it comes to fighting tax "authorities" you are essentially fucked. Most people live unware of this and under impression that they "own" their assets, but in reality they only own as long as no armed thug (legal violators included in that category) claims it as theirs.
The Finanzamt doesnt collect Gewerbesteuer. You have to pay it to the local town where your business is based. This town also sends you the gewerbesteuerbescheid.
Yes. We didn’t receive any document from them. Probably that was the problem, but the seizure was still done by some like “Niedersachsiche Landeshauptkasse”
Yes this is the problem and that his tax advisor dos not told him about. He also has to close his german business by the "Gewerbeamt" after his relocation to another country. Otherwise this will go on because they think he still have a business there.
But Pfändung did. Not come out of nowhere… its when you didnt Pay your Taxes, Then comes Festsetzungsbescheid,Then reminder, Then Ankündigung der Pfändung, then Pfändung… then they take Money from your Account… so Minimum 4 Letters by Post/Mail bevor this Happens.. so something is wrong in your Story…. Maybe Letters was Send to Romanian Adress if that the Registers Adress of your Company…. Its Not Finanzamt
The EU is the biggest circle of con artists and scammers. I feel like they hate all of their citizens. Oh, and they invalidated democratic elections on several occasions.
Please get a lawyer and sue the german finanzamt, because now this is very important. It´s more than about the princible which lays already on your side! You definitely will get a compensation, because the finanzamt act without consent like you were a terrorist and now they have to seice a part of your assets or sanction you without notification. Next thing is the trail will come to an verdict and this is the most important thing in germany a verdict counts for everybody in the future! You could help raise awareness in front of the constitutional court and show how the finanzamt is standing above the law with their actions! This was not right and definitely not legal but as long as you or other people who withness this first hand on their assets don´t defend yourself in front of the court, the finanzamt will continue with this. If this happens to me because I still live here than I will sue the hack out of them! My brother you seems kinda depressed signs of emotional damage...That alone will grant you a compensation in germany. Wish you the best my brother! Whatever been or gonna be taking from I hope you get it 10x back!
Your story is truly shocking. The fact that the German government sold your stocks without consent and took the money for pending Gewerbesteuer shows how insane the system can be. As an aspiring student, this makes it even clearer to me that Germany is not for me. I’ve decided to return to India, and every day I feel more confident that it’s the best decision. The opportunities and support back home far outweigh the struggles in Germany. Thank you for sharing this- Glad I made the right choice!
indeed, go home no reason to stay in germany anyways. ITs a an extremely high tax country providing noting in return of even remotely similar value. Just rip those idiots of to pay for your education and then ditch those idiots.
Yes, Germany is known for bureaucracy and tax madness. However, I have lived in the USA, Brazil, Russia, Italy and Georgia as well as Germany and have generally dealt with the topic of immigration. Unfortunately, I have to say that in all of these countries and practically all of the countries that I know, the state can take everything from you overnight. And they will always be right because they make the laws themselves. And the practice is always the same: if they find the money in the bank account or deposit in the country, they take it directly from the account. If they don't find the money, you end up in debt with reminder fees and interest on late payments. Much worse if the whole multi-million dollar account is blocked because of 1€ late payment or, for example, "Russian sanctions". I have a Russian passport and you can imagine how much stress I have had with the banks and authorities in recent years. If someone can afford it, a second citizenship would be very helpful, or you should keep the money in the country in which you don't normally do business. And what I've really learned recently is that having a lot of money in your bank account doesn't make you happy, it makes you even more worried.
Yes, this is basically how the world operates, but an illusion is created for the working class that it is not so, to keep them doing their jobs. The sad part is that many people from the working class cooperate and yell for more state involvement for "justice".
Germany is land for "good paid employees ". After living already 14 years still didn t understand how they can think "as employer you are safe"😂 For me being employer in Germany it is like you are "good paid slave."
If you have any outstanding bills in Germany, a garnishment can be initiated in your absence. This garnishment can be assigned to a collection agency that attempts to collect the money. Such a garnishment title remains valid for decades. Pro-Tip: Don't have a bank account in Germany. For larger amounts, you should not maintain an bank account anywhere in the EU.
The Finanzamt can even put you in dept if you don’t have enough money in your bank account. After that you’ll owe money to the bank because even the bank doesn’t want to mess with the Finanzamt.
Yes, my dad just won three cases against Finanzamt and I have one case running. But there is always the risk of having formal errors that make the legal action invalid ... and it is time- and/or money-consuming. That is why I started a new business in Romania.
@@hammerradiology1470, if a foreign (like Romanian) company has no relationship to Germany (no place of management and no permanent establishment, like a branch, office, or workshop in Germany) it is not a taxation subject in Germany. However, if a foreign company does B2C, it needs to retain and transfer local VAT. It is ok to travel to Germany and meet customers of the company and to do some work on-site, as long this is not permanent. To be on the safe side, management decisions should only be made in Romania. When doing business travelling within the EU and Switzerland, we need to send ourselves because of social security laws, typically by pre-registering our stay at the destination country's border control and we need to have an A1 certificate with us all the time while working, if the border control wants to control it. In Germany the Zoll often controls construction sites, but I've never heard that they controlled an office. However if German Zoll catches one who failed to comply with the Entsendungsprocedere correctly, they can impose a fine of up to 5k€. Switzerland is even worse with fines up to 30k CHF.
It's funny you mentioned "real estate". We moved to the Americas a few years ago and came back early last year to Germany, and as usual registered in our Local Buergeramt. It was new to me that the Buergeramt does not share our new address directly with the 'FachBereich Finanzen' of that same city that deals with property taxes. They ended up therefore sending my Steuerbescheid for my real estate in the Americas-address. Funny enough, the only letter we did get from our beloved 'Landeshauptstadt ' is threat of Verpfaendung and letters that the 'Ankündigung der Vollstreckungsverfahren' I asked them why they did not share addresses among themselves. Their answer: Datenschutzrechtlichen Gründen. Are you freakin kidding me? The state govt does not even share vital data about the citizens within itself. It's up to our guesswork to figure out who needs to know what when we move back to Germany! In that maschinerstelltes Letter from them they basically said they can go as far as ceasing your salary, Pfaendung of all possessions, make our vehicles illegal to drive, investment properties, and basically come after us much and as they see fit.
Haha… jeder fordert Datenschutz und ist dann plötzlich überrascht wenn er umgesetzt wird…. Es steht sogar in allen Infos im Einwohnermeldeamt dass man das Finanzamt selbst informieren muss… also zumindest hier in München
@@Hobbit210178 I agree with you that there are two sides to this coin. But I feel that there is sensible "Datenschutz" and there is senseless "Datenschutz". That what I described above belongs to the latter. Results are pure inefficiencies in the system and more work and heartache for both sides. And by the way, how is it that Datenschutz flew out of the window when they went from level 1 (Bescheid sent to the wrong adddress) to level 100 (Vollstreckungsverfahrung sent to the right address) within a gap of about 26 days. Something does not add up.
I assume they have sent a letter to your last known address, but that never reached you. I never had direct contact by email with the Finanzamt (and would assume it might be a spam if that happens). It's either through ELSTER, or by old fashioned mail. The problem is that email may not fulfill the appropriate form requirement to be legally binding. You might be able to communicate with them that way, but all formal decisions have to meet the form requirements. Maybe a Nachsendeauftrag would have helped. Mail not reaching you after moving is a pretty common problem.
That was never the problem. The other two Bescheid were sent to my accountant in Germany the same year - 2024 and I moved in February 2021. She received all the documents and communications every time from the Finanzamt and I made the payment every time, except this time when they simply sent nothing and overreached in my stock portfolio. It’s not the story with having moved out and that’s why they did it. There’s simply no reasonable explanation for this. About the email - probably your experience is different. I’ve lived in Hamburg and Stade - both times I was able to do the most communication with the Finanzamt via email / call.
Germany and Europe is going days by day and wait for more such incidents. Germany, EU desperately need money so they will look for more aggressive ways to squeeze more money from people
The bank will not inform you about the ordered closure of your account. However, you will be promptly notified by the bank as soon as the bank is unable to deduct their account maintenance fees from the forcibly cleared account.
Dear Brandevise, when part of your MSCI world ETF was sold could you please let us know which country's capital gain tax rule was used?Was that Germany's capital gain tax rule or Romanian capital gain tax rule? As you are now resident of Romania I hope you are now subject to Romania capital gain tax rules which is likely less than that of Germany
That is really SCARY !!! I am hearing this for the first time from you. I can only say that you have made a great Decision with leaving Germany. Please Sue them
Did you update your personal data in the scalable capital settings? Did you change your german tax identification number to the romainian one in their settings?
I left germany in 2017 and these things happened to me before with them and like you said the Finanzamt does not give a shit. It was scary sometimes that we had to keep physical copies and print everything from my bank account and broker etc. Other situation if you have a bill unpaid and they sell debt to another company without your knowledge which another shit show on its own.
So this mean for now onword we should do transaction with cash and keep investsments away from germany and never show anything in tax returns.. They make sure we get discouraged from doing Business
You left Germany and maintained an account with a German broker? That is a really bad decision. Even if you live in Germany, always use an offshore broker outside of the EU.
I’m based in Germany and run my business here. I also invest in stocks and might consider relocating to another country in the future. Wouldn’t it be possible to change brokers after moving to the new country?
Yes He could but there are deadlines and it will take years to process and there are probably thousands of cases in line. Also it doesn't go to the regular criminal court but to the "Finanzgericht", so he'll need a specializef lawyer as well...
You should sue them brother! Make them pay another 100K as damages for mental trouble caused without following due process. Really do this so that they don't harass any more people.
10 year's of learning that is.. They don't want to you be selbständiger because then you are authorised to tax deduction and they don't want it. What they want do just jobs and pay 42 percent total including social taxes like Arbeits loss versichrungs but they don't want that you get that if you are applying job loss insurance back then you got problems in residency permit to renew. That's why they want job seekers but not businesses out of German
As an emigrant in Germany, I fully believe you. I had some less serious situations too but many. Even with banks it looks like they first subtract from your account and you are always in the situation of stop working to have to make a meeting and fight for your money back. I had situations of being charged interest because their “in-house informatics were not working properly” according to them, when I could see everything correct online from vacations in Portugal. They do it very silently by option not to wake up sleeping dogs.
Nice video and insightful Did you receive the Bescheid after all? I think you have a case to sue them for 2 reasons 1- for not informing you officially. They should prove they tried reaching you 2- for claiming the money from your investments which is performing well, is completely wrong. It could be that you had a different method of payment and not these shares
It's really sad to see that the tax office feeled like they needed to sell your nvidia shares to get the tax money. Why did you receive a accounting for Umsatzsteuer from 2021 in 2024? The UST in germany needs to be reported and settled ASAP like 10 days. At the beginning they will mildly remind you but afterwards they can do things like the ones you unfortunately had to experience. i'm self-employed in a side business myself and it's really annoying to keep in constant correspondence with the german tax office, but there are fewer surprises if a mistake is made that is quickly rectified. i hope the bureaucracy in germany will be properly streamlined at some point and not become more and more bloated, making it difficult for small companies to simply do their business in this jungle of directive. Germany is unfortunately a country of employees and not of entrepreneurs. Of envious employees who prefer to see self-determined people fall on their faces to feel vindicated. The regulations simply deter too many people from simply start just doing their thing.
My experience is that they NEVER mildly remind you. The very first thing they do is fine you for being late - even if it's their fault that you're late because they did not tell you what to pay.
It's crazy that they even can do that. Normally they just collect interest on the debt , than it should be a court date and decision (if there is no objection). Than they go to the bank with a warrant to get the money
Hi Bharat, thanks for sharing yur recent experience! Can you please make a video about "Scalable capital 2.0" now that they are making big changes and leaving away Baader Bank: How this will affect people like you who is leaving Germany to another EU country but we are keeping Scalable capital? please. Many people are asking about this new changes how will affect from tax declaration point of view and other aspects, if there is a change or not :o
Dealing with the "Finanzamt" is sometimes a pain in the butt. Please note that the Finanzamt is connected to the "Gewerbeamt" but not the same. The "Gewerbesteuer" is a tax from your local town and has to payed to a different entity. In my old town it was the "Stadtkasse" (or "Gewerbeamt") who charged the tax. If you move out from germany you have to tell them who will receive their notifications. It seems you forgot to tell them so they made a seizure.
I love my country Germany. We need to do better. I am sorry your stocks got sold. I think the Finanzamt in München is reasonable, reachable and thorough. But it seems to be different elsewhere.
Stay woke and stay aware when your achieving greatness for yourself and family because theirs always evil Wolfs ready to attack you. Thanks for sharing hope all goes well with your future endeavors.
Problem is with the economic decline and deindustrialization phase which Europe is in. Indians even salaried should be ready for coming tax controls which very likely will include exit, asset transfer etc. with decline in prosperity, EU is bound to source money via this way. Asia is now the place to be in for doing businesses and even jobs.
Thank you for making your case public. I’m considering doing the same. They did the same and even worse to me. All my bank accounts were emptied without warning. My portfolio at Trade Republic was frozen. I went to a lawyer to resolve it, and it just kept getting worse. They don't wanna listen. And I don't get any response from the Finanzamt. I don’t want to get into the details now. Things like what you describe are not isolated incidents. I’ve heard from many business partners that similar things happen arbitrarily in Germany without precedent. I can only advise everyone against starting a business in Germany. They let you grow up, and then you get plundered.
I'm thinking the whole time, if you wouldn't have held these stocks under your personal name but under a Company or better a Holding outside of EU, say in Singapore or a Trust in India. Would it have been harder for Finanzamt to get to your assets to simply sell them and seize the money, or Impossible for them? 2nd point of thinking: If your assets were not stocks or Bank related but hard assets like Rental Properin Romania or just Crypto instead of stocks, would the Finanzamt had still gotten ther hands on it? This what happen sucks nevertheless and their Audacity to seize more than what they're entitled to😤😡
If he would have transferred them to a holding company outside of europe they will charge you with capital gains tax on the 1,3 million because it is handled as a sell
If the crypto is on a hot wallet or exchange, the finanzamt will know since every exchange exchanges information with the finananzamt, if it is a cold wallet the finanzamt wont know, but if you still put the money back in a bank account the banks will ask from origin of money if you dont have any receits they will assume you launder money.
I hope for you that they are not mistaken or they will charge you the fees for this transaction. Just like the dude who was falsely imprisoned for 13 years or so but had to pay his "rent" there
How are you able to hold German account and securities with non resident status.......can we continue to invest in German Markets like ETF and MF or stocks even after we leave Germany. I mean is it similar to what we Indians do with NRE and NRO accounts where we can invest as repatriable or non repatrriable basis.
Make sure to give your German tax accountant a proper „Vollmacht“ to represent you and receive all documents for you and forward these to you, not just contact details of someone to contact in Germany in case they cannot reach you. Nevertheless pretty bold move to take 1.5k more for no reason. The seizure is just the final way for making sure the tax is paid. Better move your money/ depot out of Germany to avoid this in future. G All the best and sorry for this…
I will move out of Germany once I have financial stability. And I want to take my family with me. There are countries way more beautiful and peaceful than this…
Hey Bharat, nice capital growth! Had a similar case with the Finanzamt stealing shares last year because of tax claims that are unfounded, and they never reached out, but they claim they did, like in your case. This system is broke! They lie, and the law is clear in this regard: the Finanzamt needs to make sure that a Bescheid reaches the Steuerpflichtigen, but they don't care unless you bring the case to the Finanzgericht. Romanian ANAF is so much better than German Finanzämter, at least from my experience ... looking forward to learn about your recent fight with them. I think with SAF-T obligation this year there is little space to do wrong calculations.
Since I'm a tax resident of both Romania and Germany, living primarily in Romania, I started to flood the German Finanzamt with Einsprüche every 3rd week, so they never try to foist a Bescheid on me again. Not my problem if they get angry now because of the Einsprüche ... it is them who started playing foul. Toxic environment for business owners!
Wow, it’s shocking how common these stories are! Your approach with the Einsprüche is interesting-did you find it actually made them more cautious, or did it escalate things further? Also, how did dealing with the Finanzgericht compare to ANAF in Romania? It sounds like you’ve navigated both systems-any tips or key differences that others should know about?
Our fight was with the ANAF at Constanta and they were some of the most incompetent people we came across. The moment the case got handed back to Bucharest, everything got solved without any issues. I didn’t even know that it got fixed while recording the video, but I’m so happy it did. It costed me 6 months of my nerves - specially exactly the moment when my daughter was born which was not nice and 20k in legal fees to get this fixed.
@, I don't care about a good relationship with the Finanzamt anymore, because the only thing to make this broken system work right is to go to the Finanzgericht as early as possible. From the experiences of my dad, I don't think that the Sachbearbeiter learn from lost cases and act differently. In fact, my dad had one case last year where the Finanzamt rejected his Einspruch and straight after he filed the Klage at the Finanzgericht, the Finanzamt pulled back and issued a new Bescheid, as requested by my Dad. Obviously the Rechtsbehelfsstelle knew they were wrong, but they gambled if he would give up or go to court. And this year they'll likely try the same shit again, failing again, and proceed the same way the year after.
I'm in Brasov, hopefully the ANAF here is more competent than in Constanta.
Since I still life in Germany a part of the year, I might be a double taxation agreement case, though that is not certain, since I leave my keys in Germany when I go to Romania. According to the Schlüsselgewalt-theory, I might not have a Unbeschränkte Steuerpflicht in Germany, however I act as if I would have.
Two important learnings:
1. Always have your documentation ready as if you would go to Finanzgericht next week.
2. Be proactive with the Finanzamt. Don't feed their "fehlende Mitwirkung"-argumentation.
Looking forward to learn about your ANAF trouble.
How can you be tax resident in both at the same time when there are bilateral tax treaties and 183 day rules in most EU countries?
This is insane.. I feel sorry for you.. thanks for sharing..
I hope you have taken a legal course.
@@saschaheylik, if so. has a permanent living space in Germany, no matter how long he spends time there, he is a tax resident and "unbeschränkt steuerpflichtig", § 1 Abs. 1 S. 1 EStG.
A similar rule exists in Romania: Art. 58 a)←Art. 17 Nr. 28 Codul Fiscal.
If so. is a tax resident in both countries, a double taxation agreement becomes relevant. Otherwise, if so. would only be tax resident in one country, there wouldn't be a need for a double taxation agreement, right?
According to the BFH Urteil v. 23.10.2018 - I R 74/16, the Finanzamt first has to do the regular Veranlagung and second check if double taxation rules apply, like between Germany and Romania. So both countries calculate the taxes, but only the country with the centre of vital interests gets the right to tax the person. You can read the criteria in Art. 4 of the German-Romanian DTA, it contains the logic how a (tax) resident in both countries is considered to be only (tax) resident in one country.
Unfortunately in a BMF-Schreiben (12.12.2023) the BMF tries to narrow the criteria of the DTAs with abusive rules like a general assumption of the centre of vital interests in Germany (Rn 15) and intesified Mitwirkungspflichten (Rn 14): guess what: if so. doesn't react on time to a letter from Finanzamt (that he never received (like Bharat or me experienced already)), the Finanzamt can turn this against him and make him pay taxes in Germany as a resident even if according to the DTA he is only resident in Romania.
www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Steuern/Internationales_Steuerrecht/Staatenbezogene_Informationen/Laender_A_Z/Rumaenien/2003-11-14-Rumaenien-Abkommen-DBA-Gesetz.pdf?__blob=publicationFile&v=3
As a German this shit hits home. The system is made for big corporations to keep succeeding, but if you own a small company and cannot go to court because it is too expensive, they basically do what they want with you.
As a fellow German I agree with you by 100%.
We're ruled by traitors and crooks. Enemies to the people, payed corrupt creatures
Finanzamt is like a legal Mafia
@@a.b1992 “legal”
Die Mafia ist ein Witz dagegen.
@@amadeusmensch1002 Richtig. "Es handelt sich hier um Strukturen bei der die Mafia in die Schule geht." Gibt's Dokus zu.
The real thieves
And dont forget GEZ
As a German citizen I oftentimes wanted to found a company but horror stories always connected with the Finanzamt held me back so I never did it. Dealing with the financial system here is a total pain. Not mentioning the paperwork. Even if one day you should decide to close your company and move abroad they make you pay high amounts of Wegzugssteuer. Germany is set up to be a nation of employees and not of selfmade business men.
The Problem was the local tax. This tax will be noticed to the Finanzamt but normally has to paid to a different entity (Gewerbeamt or Stadtkasse). The Finanzamt collect the "Einkommenssteuer" (and "Umsatzsteuer") which benefits the county and the state.
I am German and I can tell You protecting Your money here is much more diffcult than earning it!!!
This is why some are getting other citizenships
I was born and raised in germany but never will understand why SKILLED workers are willing to come to germany.
because Germany is still better in terms of infrastructure, safety, cleanliness and law and order than most countries of the world.
no it's not it's your mindset you believing the great Lie
@@TheMazavaroui think you have not traveled any places in the world.
@@TheMazavarou In theory. But in practice no. Try getting a simple appointment with a dentist. Routine things that people should not stress about.
@@Anilba91 Like, for instance?
Sounds similar to my story. Very important: never ever do business in Germany, unless you are affiliated by the World Economic Forum.
Sorry for your loss. I’m planing to leave Germany. And your story just reinforced my thoughts. This country is totally rotten. It’s sad to see how the country we live for years and have to leave with different reasons. I wish you well and good luck for the future!
Me too, getting the fuck out of here. I used to love my country, but it's become a real shitshow. Where are you going?
Wir werden euch nicht vermissen. Ed ist ja überall so viel besser...
@@olfo4100 Für wen ist es wirklich besser?
-Selbstständige
-Erfinder
-Programmierer
-Ingenieure
-Forscher
-und so
Also eigentlich jeden, der mit eigener Arbeit Geld verdienen will.
Ciao!
@@LR-tg9kq I’m applying the visa to Portugal. What about you?
This is absolutely insane. The news should report on this! Frechheit!!
Why? Maybr he is fraud man 🎉
@@stefaniaschweizer9748 if he was a fraud, his whole assets was already froze by now. Whatever Finanzamt did is totally not acceptable and should be reported.
@stefanja sure, its not like the gov are actually legalized criminal thieves and diictators... no no
😂 the news are the biggest clowns ever
@@stefaniaschweizer9748 the gov is a fraud
German instituitions will rip you off in way that’s insulting to your intelligence…
Things like this makes me wish for a whole EU especially Germany Economy downfall. Finanzamt is the biggest EU mafia. If only they treated the German politicians the same way they treat people living in germany and german citizens but to the Politicians they turn a blind eye.. The German Dream (In contrast to American Dream) is making enough cash just to leave Germany forever.
imagine how shitty italy is.. that i had to run in germany to make money.. im getting double the money for the same job i did in italy.
But even tho im getting better financially, i just hope my investment makes me enough money to run away from here too.
I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week. i started with 5k in last week 2025... now i just hit $32,590
Same here
waking up every 14th of each
month to 57,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera
Timing is crucial, and as Ms Evelyn Vera suggests, it's often wise to make purchases during market downturns, prioritize acquiring solid assets, and explore options that allow you to generate passive income while yu invest
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸. Glory to God.shalom.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
I've seen this name before and I'm now interested. Could you let me know how I can reach her?
They simply want to send you a message just to let you know they are still watching your activities.Flexing their muscles so to speak. You need to sue them, its abuse of authority.
I am indeed looking into this.
When I started my own online business and began earning money, I realized that trying to protect the money I earned was far more stressful than earning it in the first place. When I was a salaried employee, I believed there were laws and rules in place, but now I’m experiencing that the environment is more like a lawless jungle. I neither have the time nor the mental capacity to fully grasp this system. Defending the money I’ve earned is incredibly stressful, and I simply can’t handle it. I dont want to be a mafia boss-I just wanted to be the boss of my own small online business.
It’s unsettling, isn’t it? The system feels rigged, like there are hidden forces waiting to exploit every small success. The more you earn, the more it feels like you’re being watched, targeted, and trapped in a game where the rules only benefit the powerful. It’s no wonder the stress becomes unbearable. The only way forward is to protect yourself-consult a lawyer or financial expert who can help you build an ironclad defense for what’s rightfully yours.
I have really learnt that the money I spent on the lawyers so far learning things was some of the best money I spent.
this is the reason why Bitcoin was created. protect your wealth as bitcoin
@@nandhan6637 sure, and go to prison when they decide you are hiding your wealth from them
Finanzamt has a very criminal mind set here in germany. They don't take a shit if something is legal or illegal, they do it and you can run after your money on courts. But german tax laws are created so complex that you often do not have any chance
to get it back, except you have your man in that department.
The best part is when you take them to court and they lose, as a taxpayer you kinda still pay their legal bill (along with everyone else). So there is zero incentive for them not to screw up.
The seizure was made from the local town because he not payed the "Gewerbesteuer" on time. He also forgot to inform the right entity about his relocation.
"Rechtsstaat" in Germany means, the state is always right. But there is still a substantial portion of the population who will deny this and claim that everything is completely fine, and the German state _isn't_ an overpowering, money grabbing leviathan.
@@computername Rechtsstaat means rule of law. But Steueramt still can make your life zu Hölle. 🤣
@Lezio-i4d Der Witz auf Deutsch: Rechtsstaat heißt, der Staat hat immer Recht.
You should have made a CumEX Steuererklärung to receive double tax payment FROM the Finanzamt, like Banksters in Hamburg usually do.
Ask Olaf for advice.
They can also block your bank account without notice beforehand
only german bank accounts....
It's crazy that Baader Bank would just start trading someones stock without any information to the owner.
Like they sit down and randomly decide which stock to sell, without even regarding their customers investment strategy and plans.
and why did they seize it from the brokerage account? They knew about the business account(s)....
Germany has an election next month! This video needs to go viral!
They way the german government handles taxes, needs to be reformed from the ground up!
this is really outrageous. Using foreign broker may solve the issue as they may not have authorities to just sell your portfolio
Not really.
While using a foreign broker might seem like a solution at first glance, it’s not as foolproof as it sounds. European tax authorities are increasingly collaborating through international frameworks like the Common Reporting Standard (CRS). CRS is an agreement between over 100 countries, including all EU nations, to automatically exchange financial information. This means that even if your broker is based outside Germany, they are legally required to report your account details, income, and holdings to your country of tax residency-or, in some cases, your former country of residency.
Tax authorities across Europe-and even beyond-are working together to close loopholes. They share information regularly to prevent tax evasion and ensure compliance. Even brokers in countries outside the EU participate in this system.
Many brokers, even in seemingly distant jurisdictions, comply with CRS and are obligated to follow any legal directives from European governments. If a tax authority issues an asset seizure or liquidation request, the broker might have to comply, depending on their agreements and local regulations.
The issue isn’t where your broker is located-it’s about the growing powers of tax authorities to enforce cross-border compliance. Once flagged, your global assets become part of the broader net, and foreign brokers might not offer the protection you’re hoping for.
Even if your foreign broker initially resists action, tax authorities can push further by targeting your accounts or investments through broader enforcement mechanisms. They might also penalize you directly, such as imposing fines, restricting access to your domestic accounts, or freezing other assets.
In short, while using a foreign broker might give a false sense of security, the reality is that Europe’s increasingly synchronized tax systems leave very few escape routes. Diversifying globally might be a better approach, but even then, you’re never entirely out of reach.
@@brandevise
Jesus that is scary.. so there is no escaping this madness?
The reality is that unless you have a nuke arsenal in your backyard, when it comes to fighting tax "authorities" you are essentially fucked. Most people live unware of this and under impression that they "own" their assets, but in reality they only own as long as no armed thug (legal violators included in that category) claims it as theirs.
@@brandevise I agree but i do not thing a non german broker would assist this fast and this willingly giving you a bit more time to potencially react.
The Finanzamt doesnt collect Gewerbesteuer. You have to pay it to the local town where your business is based. This town also sends you the gewerbesteuerbescheid.
Yes. We didn’t receive any document from them. Probably that was the problem, but the seizure was still done by some like “Niedersachsiche Landeshauptkasse”
Yes but Finanzamt can't help you with this case. you have to reach out to your local town. @@brandevise
Yes this is the problem and that his tax advisor dos not told him about. He also has to close his german business by the "Gewerbeamt" after his relocation to another country. Otherwise this will go on because they think he still have a business there.
@@brandevise I remember a video of your, you were talking about how the Indian government used to track people's activity via the usages of UPI.
But Pfändung did. Not come out of nowhere… its when you didnt Pay your Taxes, Then comes Festsetzungsbescheid,Then reminder, Then Ankündigung der Pfändung, then Pfändung… then they take Money from your Account… so Minimum 4 Letters by Post/Mail bevor this Happens.. so something is wrong in your Story…. Maybe Letters was Send to Romanian Adress if that the Registers Adress of your Company…. Its Not Finanzamt
Thank you for sharing this story!!
I hope you find a solution to this problem fast.
Thats why im not Holding anything in Germany or in EU
Where are you holding then?
The EU is the biggest circle of con artists and scammers. I feel like they hate all of their citizens. Oh, and they invalidated democratic elections on several occasions.
We do not need you
Where are you holding then?
@@MesumMir where are you holding then?
Please get a lawyer and sue the german finanzamt, because now this is very important. It´s more than about the princible which lays already on your side! You definitely will get a compensation, because the finanzamt act without consent like you were a terrorist and now they have to seice a part of your assets or sanction you without notification. Next thing is the trail will come to an verdict and this is the most important thing in germany a verdict counts for everybody in the future! You could help raise awareness in front of the constitutional court and show how the finanzamt is standing above the law with their actions! This was not right and definitely not legal but as long as you or other people who withness this first hand on their assets don´t defend yourself in front of the court, the finanzamt will continue with this. If this happens to me because I still live here than I will sue the hack out of them! My brother you seems kinda depressed signs of emotional damage...That alone will grant you a compensation in germany. Wish you the best my brother! Whatever been or gonna be taking from I hope you get it 10x back!
Your story is truly shocking. The fact that the German government sold your stocks without consent and took the money for pending Gewerbesteuer shows how insane the system can be. As an aspiring student, this makes it even clearer to me that Germany is not for me. I’ve decided to return to India, and every day I feel more confident that it’s the best decision. The opportunities and support back home far outweigh the struggles in Germany. Thank you for sharing this- Glad I made the right choice!
indeed, go home no reason to stay in germany anyways. ITs a an extremely high tax country providing noting in return of even remotely similar value. Just rip those idiots of to pay for your education and then ditch those idiots.
totally insane! it's daytime robbery.
germany punishes you for being successful
Yes, Germany is known for bureaucracy and tax madness. However, I have lived in the USA, Brazil, Russia, Italy and Georgia as well as Germany and have generally dealt with the topic of immigration. Unfortunately, I have to say that in all of these countries and practically all of the countries that I know, the state can take everything from you overnight. And they will always be right because they make the laws themselves. And the practice is always the same: if they find the money in the bank account or deposit in the country, they take it directly from the account. If they don't find the money, you end up in debt with reminder fees and interest on late payments. Much worse if the whole multi-million dollar account is blocked because of 1€ late payment or, for example, "Russian sanctions". I have a Russian passport and you can imagine how much stress I have had with the banks and authorities in recent years. If someone can afford it, a second citizenship would be very helpful, or you should keep the money in the country in which you don't normally do business. And what I've really learned recently is that having a lot of money in your bank account doesn't make you happy, it makes you even more worried.
Yes, this is basically how the world operates, but an illusion is created for the working class that it is not so, to keep them doing their jobs. The sad part is that many people from the working class cooperate and yell for more state involvement for "justice".
If you delay or don’t pay to Finanzamt whatever it is taxes or their estimates. They simply freeze the bank accounts
Germany is land for "good paid employees ". After living already 14 years still didn t understand how they can think "as employer you are safe"😂 For me being employer in Germany it is like you are "good paid slave."
Everyday when I wake up and leave my house in Germany, I feel like as something bad is going to happen to me.
thanks for the video, this is really good to know
If you have any outstanding bills in Germany, a garnishment can be initiated in your absence. This garnishment can be assigned to a collection agency that attempts to collect the money. Such a garnishment title remains valid for decades.
Pro-Tip: Don't have a bank account in Germany. For larger amounts, you should not maintain an bank account anywhere in the EU.
Not EU, Switzerland or Lichtenstein
Reminder that any asset you have on traditional financial services are not yours, they are in custody, and just assets they owe you.
Crazy, I’m growing more and more wary of living in Germany. If I didn’t have kids in school I too would be in Thailand 😊
there are schools in thailand
@@usamamasud9353I did look up a few actually and they seem great! But then there is the husband who can’t work remotely. 😅
Open an Account with Interactive Brokers then that never would happen
I was planning to move to Germany, nope nope nope, not any more, I don't want to live in Dictatorship
Which country do you think operates differently? USA will hunt their citizens anywhere in the world to collect US taxes.
This is sad and scary coming out from Germany. I hope you get the justice. Please keep posted so that it will be helpful
Stay strong brother 💪
Completely incredible! I'm also working with scalable and obviously its not safe.
The Finanzamt can even put you in dept if you don’t have enough money in your bank account. After that you’ll owe money to the bank because even the bank doesn’t want to mess with the Finanzamt.
EU at its finest
they they wonder why ppl call for abolition of EU
US taxes residents abroad. They're all horrible.
@@wrongturn_w take a island's citizenship
why u gotta take USA citizenship
we all know its not good
@@0ptic0p22 I’m a German tax citizen 😭😭😭
@ working on it tho 🥲
FOR YOUR BAEDERBANK scalable shares account do you have a registered address in Germany?
Can legal action be taken against finanzamt ?
Yes, my dad just won three cases against Finanzamt and I have one case running. But there is always the risk of having formal errors that make the legal action invalid ... and it is time- and/or money-consuming. That is why I started a new business in Romania.
@@jayfraxteado you have to pay additional taxes here in Germany if you have your company in Romania?
@@hammerradiology1470, if a foreign (like Romanian) company has no relationship to Germany (no place of management and no permanent establishment, like a branch, office, or workshop in Germany) it is not a taxation subject in Germany. However, if a foreign company does B2C, it needs to retain and transfer local VAT.
It is ok to travel to Germany and meet customers of the company and to do some work on-site, as long this is not permanent. To be on the safe side, management decisions should only be made in Romania.
When doing business travelling within the EU and Switzerland, we need to send ourselves because of social security laws, typically by pre-registering our stay at the destination country's border control and we need to have an A1 certificate with us all the time while working, if the border control wants to control it. In Germany the Zoll often controls construction sites, but I've never heard that they controlled an office. However if German Zoll catches one who failed to comply with the Entsendungsprocedere correctly, they can impose a fine of up to 5k€. Switzerland is even worse with fines up to 30k CHF.
It's funny you mentioned "real estate". We moved to the Americas a few years ago and came back early last year to Germany, and as usual registered in our Local Buergeramt. It was new to me that the Buergeramt does not share our new address directly with the 'FachBereich Finanzen' of that same city that deals with property taxes. They ended up therefore sending my Steuerbescheid for my real estate in the Americas-address. Funny enough, the only letter we did get from our beloved 'Landeshauptstadt ' is threat of Verpfaendung and letters that the 'Ankündigung der Vollstreckungsverfahren'
I asked them why they did not share addresses among themselves. Their answer: Datenschutzrechtlichen Gründen. Are you freakin kidding me? The state govt does not even share vital data about the citizens within itself. It's up to our guesswork to figure out who needs to know what when we move back to Germany! In that maschinerstelltes Letter from them they basically said they can go as far as ceasing your salary, Pfaendung of all possessions, make our vehicles illegal to drive, investment properties, and basically come after us much and as they see fit.
It's always better to inform the "Finanzamt" about your relocation and to name a local person or tax advisor for representation.
It's your fault that you have no fucking clue about Datenschutz and how stuff works in Germany.
Haha… jeder fordert Datenschutz und ist dann plötzlich überrascht wenn er umgesetzt wird…. Es steht sogar in allen Infos im Einwohnermeldeamt dass man das Finanzamt selbst informieren muss… also zumindest hier in München
@@Hobbit210178 I agree with you that there are two sides to this coin. But I feel that there is sensible "Datenschutz" and there is senseless "Datenschutz". That what I described above belongs to the latter. Results are pure inefficiencies in the system and more work and heartache for both sides. And by the way, how is it that Datenschutz flew out of the window when they went from level 1 (Bescheid sent to the wrong adddress) to level 100 (Vollstreckungsverfahrung sent to the right address) within a gap of about 26 days. Something does not add up.
I assume they have sent a letter to your last known address, but that never reached you. I never had direct contact by email with the Finanzamt (and would assume it might be a spam if that happens). It's either through ELSTER, or by old fashioned mail. The problem is that email may not fulfill the appropriate form requirement to be legally binding. You might be able to communicate with them that way, but all formal decisions have to meet the form requirements.
Maybe a Nachsendeauftrag would have helped. Mail not reaching you after moving is a pretty common problem.
That was never the problem. The other two Bescheid were sent to my accountant in Germany the same year - 2024 and I moved in February 2021. She received all the documents and communications every time from the Finanzamt and I made the payment every time, except this time when they simply sent nothing and overreached in my stock portfolio.
It’s not the story with having moved out and that’s why they did it. There’s simply no reasonable explanation for this.
About the email - probably your experience is different. I’ve lived in Hamburg and Stade - both times I was able to do the most communication with the Finanzamt via email / call.
Left Germany 20 years ago and it has only gotten worse since then.
Germany and Europe is going days by day and wait for more such incidents. Germany, EU desperately need money so they will look for more aggressive ways to squeeze more money from people
They already extended exit tax from company ownership to ETFs to make escaping more difficult.
They squeeze money from those with a tiny bit of success, not from huge corporations though... That's the worst part.
The bank will not inform you about the ordered closure of your account. However, you will be promptly notified by the bank as soon as the bank is unable to deduct their account maintenance fees from the forcibly cleared account.
Dear Brandevise, when part of your MSCI world ETF was sold could you please let us know which country's capital gain tax rule was used?Was that Germany's capital gain tax rule or Romanian capital gain tax rule? As you are now resident of Romania I hope you are now subject to Romania capital gain tax rules which is likely less than that of Germany
The capital gains tax will be applied still of Romania being a tax resident of Romania at the time of sale.
Everyday, I am so scared of Germany because I felt like they don't care about anyone. They treat people like numbers they can abuse.
It's only 8k, but it's still so WRONG. You must sue and sue for damages (missed gains). Holy shit, imagine this was a losing position 🤯
yes, missed gains too!!
Specially in Nvidia
That is really SCARY !!! I am hearing this for the first time from you. I can only say that you have made a great Decision with leaving Germany. Please Sue them
Thanks for this video..
Did you update your personal data in the scalable capital settings? Did you change your german tax identification number to the romainian one in their settings?
Key takeaway from this: Not your keys, not your money.
I left germany in 2017 and these things happened to me before with them and like you said the Finanzamt does not give a shit. It was scary sometimes that we had to keep physical copies and print everything from my bank account and broker etc. Other situation if you have a bill unpaid and they sell debt to another company without your knowledge which another shit show on its own.
" Other situation if you have a bill unpaid and they sell debt to another company without your knowledge which another shit show on its own." so true
So this mean for now onword we should do transaction with cash and keep investsments away from germany and never show anything in tax returns..
They make sure we get discouraged from doing Business
You left Germany and maintained an account with a German broker? That is a really bad decision. Even if you live in Germany, always use an offshore broker outside of the EU.
Can we move our stocks from scalable capital to another broaker outside EU? Is it possible?
Yeah, use FTX-like broker lol
Fuck that’s crazy! Thank you for sharing that!
What business do you run?
I’m based in Germany and run my business here. I also invest in stocks and might consider relocating to another country in the future. Wouldn’t it be possible to change brokers after moving to the new country?
Can you not sue Finanzamt?? I think it's better ..if u sue them
Yes He could but there are deadlines and it will take years to process and there are probably thousands of cases in line. Also it doesn't go to the regular criminal court but to the "Finanzgericht", so he'll need a specializef lawyer as well...
You should sue them brother! Make them pay another 100K as damages for mental trouble caused without following due process. Really do this so that they don't harass any more people.
They wont pay anything. That is how the system works.
Even if you sue them
Thanks for sharing
10 year's of learning that is..
They don't want to you be selbständiger because then you are authorised to tax deduction and they don't want it. What they want do just jobs and pay 42 percent total including social taxes like Arbeits loss versichrungs but they don't want that you get that if you are applying job loss insurance back then you got problems in residency permit to renew.
That's why they want job seekers but not businesses out of German
be happy they didn't freeze your complete assets! insane
One thing people need to know when coming to Germany is that you don’t own anything here .
This is insane!! Germany IS INSANE!!!!
As an emigrant in Germany, I fully believe you. I had some less serious situations too but many. Even with banks it looks like they first subtract from your account and you are always in the situation of stop working to have to make a meeting and fight for your money back. I had situations of being charged interest because their “in-house informatics were not working properly” according to them, when I could see everything correct online from vacations in Portugal. They do it very silently by option not to wake up sleeping dogs.
Stay strong, thanks for sharing this enough
Thank you for sharing it. A red flag which very less ppl identify.
Sorry, Germany needs the Money, WE are helping the whole world.
Nice video and insightful
Did you receive the Bescheid after all?
I think you have a case to sue them for 2 reasons
1- for not informing you officially. They should prove they tried reaching you
2- for claiming the money from your investments which is performing well, is completely wrong. It could be that you had a different method of payment and not these shares
why don't u register your company in UAE and pay no or little tax?
This is so sad if a german government has done this.
But i would buy stocks only thry my bank.
FYI. German Authorities don't need to inform you when they start to take "legal" action against you.
One other important thing: exit tax in ETFs bought in German domicile, that exists!
It's really sad to see that the tax office feeled like they needed to sell your nvidia shares to get the tax money.
Why did you receive a accounting for Umsatzsteuer from 2021 in 2024? The UST in germany needs to be reported and settled ASAP like 10 days. At the beginning they will mildly remind you but afterwards they can do things like the ones you unfortunately had to experience.
i'm self-employed in a side business myself and it's really annoying to keep in constant correspondence with the german tax office, but there are fewer surprises if a mistake is made that is quickly rectified. i hope the bureaucracy in germany will be properly streamlined at some point and not become more and more bloated, making it difficult for small companies to simply do their business in this jungle of directive. Germany is unfortunately a country of employees and not of entrepreneurs. Of envious employees who prefer to see self-determined people fall on their faces to feel vindicated. The regulations simply deter too many people from simply start just doing their thing.
My experience is that they NEVER mildly remind you. The very first thing they do is fine you for being late - even if it's their fault that you're late because they did not tell you what to pay.
It's crazy that they even can do that. Normally they just collect interest on the debt , than it should be a court date and decision (if there is no objection). Than they go to the bank with a warrant to get the money
Hi Bharat, thanks for sharing yur recent experience!
Can you please make a video about "Scalable capital 2.0" now that they are making big changes and leaving away Baader Bank: How this will affect people like you who is leaving Germany to another EU country but we are keeping Scalable capital? please.
Many people are asking about this new changes how will affect from tax declaration point of view and other aspects, if there is a change or not :o
They need the money for Bürgergeld and bike roads in Peru. Strong shoulders and all that bs
Yeah - stealing money from diligent people so our government can waste it like a drunk sailor
The same story with me. The government moved the stocks out of my account.
Hey a bit off topic but would you share what companies you have picked for investment ?
This is fucking insane. And they want more investments in germany.
Germany is expert at inviting grifters we don't want and scaring away people who we could use here.
I am sorry about that. May i ask what is your advice like this situation??
Welcome to Germany❤
Dealing with the "Finanzamt" is sometimes a pain in the butt. Please note that the Finanzamt is connected to the "Gewerbeamt" but not the same. The "Gewerbesteuer" is a tax from your local town and has to payed to a different entity. In my old town it was the "Stadtkasse" (or "Gewerbeamt") who charged the tax. If you move out from germany you have to tell them who will receive their notifications. It seems you forgot to tell them so they made a seizure.
I love my country Germany. We need to do better. I am sorry your stocks got sold. I think the Finanzamt in München is reasonable, reachable and thorough. But it seems to be different elsewhere.
Stay woke and stay aware when your achieving greatness for yourself and family because theirs always evil Wolfs ready to attack you. Thanks for sharing hope all goes well with your future endeavors.
Problem is with the economic decline and deindustrialization phase which Europe is in. Indians even salaried should be ready for coming tax controls which very likely will include exit, asset transfer etc. with decline in prosperity, EU is bound to source money via this way. Asia is now the place to be in for doing businesses and even jobs.
Can you sue them or something?
Thank you for making your case public. I’m considering doing the same. They did the same and even worse to me. All my bank accounts were emptied without warning. My portfolio at Trade Republic was frozen. I went to a lawyer to resolve it, and it just kept getting worse. They don't wanna listen. And I don't get any response from the Finanzamt. I don’t want to get into the details now. Things like what you describe are not isolated incidents. I’ve heard from many business partners that similar things happen arbitrarily in Germany without precedent. I can only advise everyone against starting a business in Germany. They let you grow up, and then you get plundered.
That's called "social justice" here in Germany - anyone who has more than average is viewed as an enemy/criminal of "the people".
@clray123 then why aren't big corporations getting the same treatment?
@ because they have money to bribe those in charge and are actually running the show
@@clray123Thats 100% true. You are not supposed to get richer then the average. Except for the 10% of the richest who run this country.
@ I'm already in the 10% and don't run anything, but get robbed by the taxes instead. So you may need to revise your understanding.
I'm thinking the whole time, if you wouldn't have held these stocks under your personal name but under a Company or better a Holding outside of EU, say in Singapore or a Trust in India.
Would it have been harder for Finanzamt to get to your assets to simply sell them and seize the money, or Impossible for them?
2nd point of thinking:
If your assets were not stocks or Bank related but hard assets like Rental Properin Romania or just Crypto instead of stocks, would the Finanzamt had still gotten ther hands on it?
This what happen sucks nevertheless and their Audacity to seize more than what they're entitled to😤😡
If he would have transferred them to a holding company outside of europe they will charge you with capital gains tax on the 1,3 million because it is handled as a sell
If the crypto is on a hot wallet or exchange, the finanzamt will know since every exchange exchanges information with the finananzamt, if it is a cold wallet the finanzamt wont know, but if you still put the money back in a bank account the banks will ask from origin of money if you dont have any receits they will assume you launder money.
They probably sent you but to German postal address - where is this broker based?
I hope for you that they are not mistaken or they will charge you the fees for this transaction. Just like the dude who was falsely imprisoned for 13 years or so but had to pay his "rent" there
How are you able to hold German account and securities with non resident status.......can we continue to invest in German Markets like ETF and MF or stocks even after we leave Germany. I mean is it similar to what we Indians do with NRE and NRO accounts where we can invest as repatriable or non repatrriable basis.
Make sure to give your German tax accountant a proper „Vollmacht“ to represent you and receive all documents for you and forward these to you, not just contact details of someone to contact in Germany in case they cannot reach you. Nevertheless pretty bold move to take 1.5k more for no reason. The seizure is just the final way for making sure the tax is paid. Better move your money/ depot out of Germany to avoid this in future. G
All the best and sorry for this…
Did you make "anzeige" ? And go "vors gericht" ? Ask your "rechtsanwalt"
This is the main reason why I flipped from moving to Germany
I will move out of Germany once I have financial stability. And I want to take my family with me. There are countries way more beautiful and peaceful than this…