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Alexander Baron von Engelhardt Group moderator
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CEO Liability for Wage Taxes with Tolerated Credit Line
In these times of financial and economic crisis, a lot of companies have a liquidity crunch and cannot meet the liabilities on time. What to do when you have not yet paid and you have a extended overdraft credit (tolerierter Überziehungskredit) for your account, Are you required to use that credit line in order to pay wage taxes, and is the CEO of the company responsible when he does not pay that tax under these circumstances? The FG Munich in its judgment of December 15, 2008 (re 15-K-4118/07) set up the rules for this scenario.

Read more online:
http://www.lg2g.info/Business-Law_Articles-on-GmbH/ceo-liabi...
- 16 Aug 2009, 08:32 am
Alexander Baron von Engelhardt wrote: > In these times of financial and economic crisis, a lot of companies > have a liquidity crunch and cannot meet the liabilities on time. What > to do when you have not yet paid and you have a extended overdraft > credit (tolerierter Überziehungskredit) for your account, Are you > required to use that credit line in order to pay wage taxes, and is > the CEO of the company responsible when he does not pay that tax > under these circumstances? The FG Munich in its judgment of December > 15, 2008 (re 15-K-4118/07) set up the rules for this scenario. > > Read more online: > http://www.lg2g.info/Business-Law_Articles-on-GmbH/ceo-liability-for-wage-taxes-with-tolerated-credit-line.html

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CEO Liability for Wage Taxes with Tolerated Credit Line