For the third time in a row, municipalities in Germany have achieved record levels of trade tax. Revenues from other taxes also rose.
Revenues from trade tax rose to a new record high last year, at around 75.1 billion euros. The increase was 6.9 percent compared to the previous year, according to the Federal Statistical Office. For the third year in a row, municipalities in Germany have been able to post record revenues here.
According to the information, the highest increases among the federal states were achieved in Brandenburg with 27.0 percent and Saxony with 21.8 percent. Among the city states, Bremen recorded the strongest increase with 23.3 percent. Rhineland-Palatinate was the only federal state to suffer a decline with minus 29.1 percent, the Federal Office announced.
Also collected more property tax
The municipalities’ revenues from property tax A, which is levied on the assets of agricultural and forestry businesses, rose last year by 0.8 percent to 0.4 billion euros. Revenues from property tax B, which is levied on land, rose by 1.3 percent to 15.1 billion euros.
The municipalities generated revenues of around 90.6 billion euros from property and trade taxes (real estate taxes), an increase of 5.9 percent compared to the previous year.
Average assessment rates increased
The average assessment rate for trade tax was 407 percent last year, which was 4 percentage points more than the previous year. For property tax A, the average assessment rate rose by 5 percentage points to 355 percent, and for property tax B, it rose by 7 percentage points to 493 percent.
Source: Stern
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