Taxes / VAT - Germany
Germany reduces corporation tax.
Germany moves to improve its international tax competitiveness
From 2008, companies based in Germany will benefit from lower taxes. According to the latest draft of the corporation tax reform law that has been agreed by the federal government, the tax burden for companies should reduce from 38.65% to 29.83%.
On paper at least, the tax reform should save companies around EUR 25 billion a year. In reality, however, savings will only total EUR 5 billion, as 2008 is the year when all the previous legal opportunities for companies to optimise their tax position are to be abolished.
The anticipated lost tax should be recouped within two to three years through additional receipts. (pd)
Double taxation agreement between Switzerland and Germany
Switzerland and Germany have an agreement to prevent either party from imposing any form of double taxation. Find out more on the website of the Swiss Federal Tax Administration.
Contact: Swiss Federal Tax Administration
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