Nachweisführungen

Nachweisführungen are a key concept in German tax law, specifically in the context of corporate taxation and income tax. The term refers to the comprehensive documentation required to provide evidence of a company's economic activities and financial transactions. This documentation serves as a substitute for periodic financial statements and provides a detailed record of a company's business operations.

The Nachweisführungen include a range of documents, such as sales and purchase records, accounting ledgers, and bank statements. These documents are maintained by the company and form the basis for the tax authorities' audit. The Nachweisführungen are typically kept for a minimum period of six years and must be made available to the tax authorities upon request.

The primary purpose of Nachweisführungen is to provide a reliable and verifiable record of a company's financial transactions. This documentation is essential for tax purposes, as it enables the tax authorities to verify a company's taxable income and ensure compliance with tax laws. Companies that maintain accurate and comprehensive Nachweisführungen can minimize the risk of tax disputes and potential penalties.

The regulations governing Nachweisführungen are outlined in the German Tax Code (Abgabenordnung) and the German Accounting Law (Bilanzrichtlinie). Companies subject to these regulations are required to maintain accurate and complete Nachweisführungen, which must be signed and dated by the responsible persons. Failure to maintain adequate Nachweisführungen can result in deficiencies in the company's financial statements and may lead to tax-related consequences.