Don't even more 330 billion euros, Germany's tax revenue in June dropped dramatically

The tax estimate in may had revealed that the tax revenues of the Federal government, the länder and the municipalities are for the first time fall since the fi

Don't even more 330 billion euros, Germany's tax revenue in June dropped dramatically

The tax estimate in may had revealed that the tax revenues of the Federal government, the länder and the municipalities are for the first time fall since the financial crisis in 2009. Now the Numbers are confirming these fears, and more than significantly: In June, the tax revenue of the state decreased in comparison with the same month last year to 19 per cent, from the monthly report of the Federal Finance Ministry.

"The economic impact of the Corona-crisis, as well as on the basis of this crisis, implemented fiscal measures continued to weigh heavily on the tax revenue significantly," it States. In the entire first half of the year, the tax decreased revenue by 9.1 percent to 327,8 billion euros - that's months before the outbreak of the Corona are included but still a crisis in March. Not included in the bill purely municipal taxes.

the Worst recession since the Second world war

as a result of the crisis and massive restrictions on Germany is slipping, according to the Federal government as well as by Economists, the worst recession since the Second world war. To counteract this, had decided the Federal government billions in aid to businesses and workers, as well as a stimulus package for the economy picks up again, - also of the tax reliefs. Your tax return in 30 minutes

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in addition to the Corona of a pandemic caused by a cyclical reduction in revenues, in particular, the resulting tax measures to a considerable extent had an impact on the tax revenue, the report says. It is about the deferral of tax payments or reduced payments in advance.

community control in June of 20.6 per cent

community taxes , the Federal government, the länder and municipalities> entitled to, as a community, declined according to the monthly report in June to 20.6 percent (only 54.5 billion Euro). Belongs to the community-tax wage, for example. The revenue declined by 7.3 percent (18 billion euros). No wonder: Many employees have spent the past few months due to the Corona-crisis home short-time work. Also in the case of Corporation tax, there were significant declines. Unemployed? These are 10 things you need to know, Our PDF guide explains how you can apply for money and what else you need to know, if you become unemployed.To the PDF guide

The Federal taxes fell by 13.9 percent to 8.3 billion euros. Particularly strong is the decline in the revenue from the energy here was expensive, amounting to only EUR 2.7 billion (a decrease of 25.8 percent) and the air transport tax, where just 1.5 million euros came together – as opposed to last year, 99 million euros (a decline of 98.5 percent).

Also in the case of the coffee tax and the alcohol tax revenue declined in the double digit range. Plus it was expensive, however, in the case of the tobacco (22.3 percent, now about 1.1 billion euros) and the motor Vehicle tax (2.1 per cent), with 17 million euros, however, is little more than a drop on the hot stone.

Less than 150 billion euros taken at 200 billion in spending

The entire revenues of the Federal budget in the first half of the year 2020, according to the Finance Ministry at around 149,3 billion euros - about 12.1 percent less than in the prior-year period. The expenditure amounted to 200,1 billion euros (plus 16 percent). The majority of the increase in the expenditure had been incurred for Corona-emergency aid for small businesses and Solo self-employed. (Display)

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The countries recorded, according to the report in June, a decline in their tax revenue by 16.5 percent. The cause of lower revenues from the countries of tax share to the Community. Higher revenues from the national taxes, as well as the increase of the Federal allocation would have been able to reduce the negative easily.

the most Important source of revenue for local authorities, a

break solid The Corona-crisis puts a strain on the municipalities solid. It leads to a forecast by the German Association of cities to a historic drop in the business tax - the main source of revenue for the municipalities.

"The local budgets will suffer at the end of the year, so high losses, as we have not yet experienced them," had said the Deputy chief Executive of the Association of cities, Verena Göppert, recently.

Federal government can decided 217,8 billion euros of new debt

The Bundestag recording was due to the Corona-crisis of two supplementary budgets. Accordingly, the Federal government may take in this year, a total of 217,8 billion euros in new debt. For the month of September, an extraordinary tax estimate is planned on the basis of Finance Minister Olaf Scholz (SPD) the draft budget 2021 to present.

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Updated Date: 26 July 2020, 09:27

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