(2022) What are examples of foreign income?

The amount of foreign income is determined by German tax law. Any deductions for income-related expenses are therefore handled according to the Income Tax Act. Foreign income includes:

• Wages from employment abroad.
• Income from savings and deposits with foreign financial institutions.
• Dividends from shares in foreign companies.
• Distributions or income from foreign investment funds or bonds.
• Income from self-employment if the work is carried out abroad.
• Income from agriculture and forestry if the land is located abroad.