Germany Reducing Taxes from 2021: More Netto Income For You! 🇩🇪

World News

Germany Reducing Taxes from 2021: More Netto Income For You! 🇩🇪

🇩🇪 Links to Official German Government Websites:
1. 61.717 Euros per year information: https://www.bundesregierung.de/breg-de/aktuelles/solidaritaetszuschlag-1662388
2. FAQs: https://www.bundesfinanzministerium.de/Content/DE/FAQ/2019-08-21-faq-solidaritaetszuschlag.html
3. Soli Rechner: https://www.smart-rechner.de/soli/rechner.php

The German government has decided to reduce the total tax rates from 2021 by removing the Solidaritätszuschlag away, which was 5.5% of the Income tax to be paid in a year.
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