85 Municipalities Increase Trade Tax - Nearly 1 in 11 Lower Saxony Municipalities Hike Business Tax Rates
Business tax rates in Lower Saxony have seen significant changes, with nearly one in eleven municipalities increasing their rates this year. The average rate has risen to 415 percent, up from the same rate 15 years ago. This impacts partnerships and sole proprietors the most, as income tax can only be offset up to 400 percent.
Three municipalities stand out with the most favorable rates at 300 percent each: Bokensdorf, Steinfeld, and Waake. However, the highest rate in the state belongs to Essel, which has reached 590 percent after a 100-point increase. This is the largest rise recorded this year.
Municipalities directly influence business tax through fixed rates. The tax is a crucial source of income, directly impacting their financial scope. While 85 municipalities increased their rates, only nine reduced theirs. The municipality with the highest rate in Lower Saxony is not explicitly named, nor is the one with the lowest rate.
The changes in business tax rates highlight the importance of this revenue stream for municipalities. With nearly one in eleven municipalities increasing their rates, businesses should stay informed about the tax landscape in their areas. The significant rise in Essel serves as a reminder of the potential impact of these changes on local economies.
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