Financial Declaration Form for Germany

Financial Declaration Form Template for Germany

A Financial Declaration Form under German law is a comprehensive document used to provide a detailed overview of an individual's or entity's financial position. The document adheres to German financial reporting requirements and regulatory standards, including compliance with the German Civil Code (BGB), Commercial Code (HGB), and relevant tax legislation. It serves as a formal declaration of assets, liabilities, income sources, and financial obligations, typically used in contexts such as loan applications, court proceedings, or regulatory compliance. The document must comply with German data protection laws (DSGVO) and may require notarization depending on its intended use.

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What is a Financial Declaration Form?

The Financial Declaration Form is a crucial document in the German legal and financial landscape, used to provide transparent and accurate financial information for various purposes. It is commonly required in situations such as loan applications, court proceedings, business transactions, or regulatory compliance matters. The form must comply with German legislation, including the Bürgerliches Gesetzbuch (BGB), Handelsgesetzbuch (HGB), and relevant financial regulations. The document typically includes detailed information about assets, liabilities, income sources, and financial obligations, serving as a legally binding declaration of an individual's or entity's financial position. Its completion often requires supporting documentation and may need professional assistance to ensure accuracy and compliance with German legal requirements.

What sections should be included in a Financial Declaration Form?

1. Personal Information: Declaration of personal details including full name, address, tax ID number, and other identification information as required by German law

2. Purpose of Declaration: Statement specifying the purpose and intended use of the financial declaration

3. Income Sources: Detailed listing of all regular income sources including employment, self-employment, investments, and other revenue streams

4. Assets: Comprehensive list of all assets including bank accounts, properties, vehicles, investments, and valuable possessions

5. Liabilities: Declaration of all debts and financial obligations including loans, mortgages, and other outstanding payments

6. Regular Financial Obligations: List of recurring financial commitments such as rent, insurance payments, and maintenance payments

7. Bank Account Information: Details of all bank accounts held, including account numbers and current balances

8. Declaration of Truth: Formal statement confirming the accuracy and completeness of the provided information

9. Signature Section: Space for date, signature, and witness signatures if required

What sections are optional to include in a Financial Declaration Form?

1. Business Interests: Section for declaring ownership or interests in businesses, required if the declarant has any business holdings

2. Foreign Assets: Declaration of assets held outside Germany, necessary if the individual has international holdings

3. Dependent Information: Details about financial dependents and related obligations, included when relevant for the declaration purpose

4. Insurance Policies: Information about life, health, or other insurance policies with surrender values

5. Expected Future Changes: Declaration of known future changes to financial situation, included when relevant

6. Cryptocurrency Holdings: Section for declaring cryptocurrency and digital assets, required if such investments exist

7. Previous Year Comparison: Comparative analysis with previous year's financial situation, useful for ongoing monitoring

What schedules should be included in a Financial Declaration Form?

1. Schedule A - Income Documentation: Copies of salary statements, tax returns, and other income proof documents

2. Schedule B - Asset Verification: Property titles, vehicle registration, investment certificates, and other asset proof documents

3. Schedule C - Bank Statements: Recent bank statements from all declared accounts

4. Schedule D - Liability Documentation: Loan agreements, mortgage documents, and other debt-related documentation

5. Schedule E - Business Documentation: Business financial statements and ownership documentation where applicable

6. Appendix 1 - Supporting Documents Checklist: Checklist of all required supporting documents and their status

7. Appendix 2 - Declaration Instructions: Detailed instructions for completing the declaration form correctly

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Germany

Publisher

Genie AI

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions
Relevant Industries

Banking & Financial Services

Legal Services

Real Estate

Insurance

Investment Services

Public Sector

Tax Advisory

Corporate Services

Wealth Management

Regulatory Compliance

Professional Services

Relevant Teams

Legal

Compliance

Finance

Risk Management

Credit Assessment

Wealth Management

Corporate Banking

Regulatory Affairs

Document Management

Client Services

Due Diligence

Relevant Roles

Financial Advisor

Legal Counsel

Tax Consultant

Compliance Officer

Banking Officer

Credit Manager

Wealth Manager

Risk Assessment Officer

Corporate Lawyer

Financial Controller

Loan Officer

Regulatory Affairs Manager

Notary

Investment Advisor

Account Manager

Legal Administrator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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