Articles

German Tax Updates in November 2024

1. Tax Reform Act Will Increase Net Income From 2025
2. Celebrating in the Company: Which Tax Rules Apply to Company Events
3. Allocation of the Business Identification Number to Self-Employed Will Start Shortly

1. Tax Reform Act Will Increase Net Income From 2025

In Japan, there is currently a heated debate over the so-called JPY1.03 million barrier, and an increase in the basic deduction amount is being considered. However, in Germany, an increase in the basic deduction amount from 2025 has already been agreed upon by the government.

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