Law on the Further Development of Tax Law and the Adjustment of the Income Tax Tariff (Tax Development Act – SteFeG)

Bill Tax & Compliance PLANNED

Date: 20th Dec, 2024 Source: German Parliament Country: Germany Original Source

Brief

"The Law on the Further Development of Tax Law and the Adjustment of the Income Tax Tariff (Tax Development Act - SteFeG) aims to modernize Germany's tax system, reducing citizens' tax burden and providing financial room for independent decision-making. The bill introduces significant changes to income tax rates, child benefits, and solidarity surcharge thresholds, with estimated revenue impacts of €86.7 billion over 2025-2029."

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German Parliament

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Law on the Further Development of Tax Law and the Adjustment of the Income Tax Tariff (Tax Development Act – SteFeG)

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Law on the Further Development of Tax Law and the Adjustment of the Income Tax Tariff (Tax Development Act – SteFeG)

Brief

German Parliament

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