Looking for a Revolut alternative?

Kontist is a Berlin-based fintech company founded in 2016, specializing in digital banking solutions for freelancers and self-employed professionals in Germany. Operating in partnership with Solaris SE, a licensed German bank, Kontist provides business bank accounts that integrate seamlessly with bookkeeping and automated tax management tools.

Revolut is a British fintech company and neobank founded in 2015. Headquartered in London, it offers a mobile-based platform providing a wide range of financial services, including multi-currency accounts, international money transfers, cryptocurrency trading, stock investments, and budgeting tools.

When you open a Kontist account, your income tax rate is set to a default. But to make a more accurate calculation, use our Taxator Tool. With just a few simple answers, we’ll calculate your average income tax rate for the year. 

You can then enter your average income tax rate in the app settings. Once you’ve done so, Kontist will automatically set aside the amount you’ll need for your income tax later on. So you always know what belongs to you. You can adjust this at any time if your income changes over the course of the year.

For your VAT, the Kontist app automatically sets aside the standard 19% for your incoming transactions. You can of course adjust the rate for each transaction or deactivate it in the settings if you don’t collect VAT at all.

Kontist has placed a special emphasis on offering a range of export options to make tax filing, bookkeeping, and collaboration with accountants as seamless as possible for freelancers and self-employed professionals in Germany.

These exports are designed to match the specific requirements of German tax advisors and financial authorities.

The benefit of this is that freelancers and small business owners can be ready for tax season in just a few clicks and continue with their daily business.

Kontist can send your VAT declaration to the tax office for you and prepare a business evaluation (Betriebswirtschaftliche Auswertung) for you, but can not do your yearly tax declaration. However, the app does provide convenient exports, so you can have the documents ready for your tax advisor with just a few clicks.