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عكس السير
Germany plans upcoming tax reductions
The ruling coalition in Germany has reached an agreement on income tax reform, which is set to be implemented starting January 2027. The reform includes reductions totaling approximately 10 billion euros annually, focusing on low- and middle-income earners as well as families with children. It is expected that a family with an annual income of 60,000 euros and two children will benefit from a reduction of more than 600 euros per year once the full reform is in place by 2028. The funding will mainly come from an adjustment to the tax rate for the wealthy, which will increase from 45% to 47% for incomes starting at 280,000 euros.
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