Germany

Made up of 16 provinces, and with Berlin as its capital, Germany has Europe’s largest economy. And with a population of 84 million, it’s the second most populous country in Europe. 

As a leading exporter of chemicals, machinery, metals, and vehicles, and with a highly skilled labour force, Germany has the fourth largest economy in the world. It’s a key player in the European Union (EU) and is the world’s top location for trade fairs.

The official language is German and its currency is the euro (EUR).

Our local Tax Natives in Germany can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we can link you with a local expert who can answer all your questions. 

THE HEADLINES

• The corporate income tax with solidarity surcharge in Germany is 15.825%. Trade tax is between 8.75% and 20.3% depending on location.
• The personal income tax rate is 45% plus surcharges
• Standard VAT rates stand at 19%. There’s a temporary deduction of VAT for meals (excluding drinks) in restaurants and other catering spaces taking the rate from 19% to 7% until the end of December 2022.