In your tax return, all values must be entered in euros. If you earned income or had expenses in another currency during the tax year, you’ll need to convert them accurately.
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All amounts in the tax return must be stated in euros.
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Use the average annual exchange rate or the rate at the time of transaction.
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Official exchange rates are published by the Federal Ministry of Finance.
🚀 Your Guide
Converting Foreign Currencies into Euros
If you received income from abroad or paid expenses in a foreign currency, you must convert these amounts into euros.
All values entered in your tax return must be stated in euros.
Which Exchange Rate Is Relevant?
To simplify things, you can use the official average annual exchange rate. Alternatively, you may use the exact exchange rate on the transaction date.
The key is to apply the rate effective on the date the income was received or the expense was incurred.
Where to Find Exchange Rates
You can find official exchange rates on the website of the Federal Ministry of Finance (BMF):
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The VAT exchange rates are published monthly.
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You can also download complete overviews by year from their website.
🔗 Official exchange rates on the BMF website
💡 Tip: Many online currency converters also offer a quick overview – but always check the source and update frequency.
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