If you are employed by an employer, you will receive an annual statement every year. In this article you can read what an annual statement is, you will receive an explanation of the content and structure of an annual statement, what you should do if you lose the annual statement and you will read on what date you can expect the annual statement.
What is an annual statement?
An annual statement is often also called an annual statement. An annual statement is an overview of all salary data of an employee at a specific employer over a specific calendar year. The annual statement is provided by the employer to the employee. This provision generally takes place after the end of a calendar year. An annual statement can also be provided to the employee after termination of employment. The annual statement is usually used for tax returns because it is a handy overview of all your salary data for a specific calendar year.
What is included in an annual statement?
As mentioned earlier, all salary data are shown on an annual statement. These include, for example:
- the calendar year to which the annual statement relates
- the gross amount earned that year (salary or taxable salary)
- the taxes you paid
- the premiums you have paid (e.g. payroll tax, payroll tax, national insurance)
- the withheld contribution to the income-related Health Insurance Act
- the tax-free reimbursements (for example travel expenses reduction)
- the employment tax credit settled by the employer
What if you have had multiple employers in a calendar year?
You will receive a separate annual statement for each employer. So if you have had multiple employers, you will also receive multiple annual statements. Make sure that you actually receive all annual statements!
When will you receive an annual statement?
Based on the legislation, the employer is obliged to provide the annual statement to the employees within a reasonable period. An annual statement usually follows at the beginning of the year when the employer has processed and closed the payroll data for the previous calendar year. In practice, this means that you can expect the annual statement in January or February. There is no direct penalty if an employer provides an annual statement late or even fails to provide it.
What if you have lost your annual statement?
If you have lost your annual statement, you can start by asking your employer for a copy. Because in many cases an annual statement is only provided once by the employer, in some cases you will have to look for another solution. You can also use your last pay slip for your tax return. This also contains the information you need. Most wage parameters over the entire calendar year are neatly added up under the heading ‘cumulatives’. You can usually do your tax return with this information. If you have lost your last pay slip, you can always ask your employer to provide a copy of your last pay slip. Usually this is not a big problem.