1. July: the German Bundestag decides on the VAT-reduction and family-bonus

Less control in shopping and money on the family account: The Bundestag of the important parts of the economic stimulus package has decided to close the consume

1. July: the German Bundestag decides on the VAT-reduction and family-bonus

Less control in shopping and money on the family account: The Bundestag of the important parts of the economic stimulus package has decided to close the consumer and the economy in the Corona-aims to boost crisis. The Parliament approved the changes on Monday in a special meeting with the votes of the Grand coalition. In order for you to 1. July can enter into force, it requires in the afternoon, however, the consent of the Bundesrat.

A reduction in the VAT due to the Corona pandemic, and short-time work weakened purchasing power strengthen again. Until the end of the year, only 16 percent VAT when shopping at fall instead of 19. The reduced rate that applies to a lot of food and Goods of daily demand, will be reduced from 7 to 5 percent.

Many super markets, car and furniture stores have already announced, the Savings, admit a one-to-one to their customers - some have already been reduced to the start of the week prices.

The Opposition criticized the temporary tax cut as to be largely ineffective. You mean for the retail sale of a "absurd bureaucracy", at the same time, an average household in the month spare just 30 Euro, said the FDP parliamentary group Deputy Christian Dürr. Left and Green doubted that the savings really do reach the consumer. She was a daring, unkalkulierte bet. Also, the AfD had doubts on economic stimulus.

the majority of the cost of the Federal

accepts Second major part of the economic stimulus package, a Bonus of 300 Euro for each child entitled to child's. The first 200 euros to be paid in September with the children's money, with the remaining 100 euros in October. The children's bonus will not count against the basic benefit for high-earners but with the children's tax amount is charged, so that mainly benefit families with less money.

More facilities there are for companies, for example through changes in depreciation rules. Also, you should be able to current crisis-related losses with profits from the previous year, charge, and so in the difficult time and more money in the cash register.

Updated Date: 29 June 2020, 14:19

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