Financial Crisis 2009
Existing depreciations e.g. for certain private housekeeping expenses and for small and medium sized enterprises have been enhanced. A declining depreciation for movable assets has been reintroduced for two years (2009-2010). Businesses are allowed to carry back losses and to claim refund of paid corporation / income tax. As a result they get liquidity improvement. From 2010-01-01 on the VAT tax rate concerning hotel accommodation is reduced from 19% to 7%.
Read more about this topic: Taxation In Germany
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