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Germany New Personal Income Tax Rate May 2009 From 1.1.2009 there is a new low 14% income tax rate for individuals, replacing the 2008 rate of 15%. For single tax payers income of up to EUR 7,834 is tax exempt in 2009. The ceiling will rise to EUR 8,004 in 2010. Germany Lower Corporate Tax Rate for 2008 March 2008 From 1.1.2008 Germany's corporate income tax rate was reduced to 15%, compared to 25% in 2007. Thr effective corporate tax rate for 2008, includung 5.5% solidarity tax and minicipal trade tax is 30%- 33%. Personal income tax rates in 2008 are progressive , up to 45%. The standard VAT rate is 19%, there is also a reduced rate of 7%. In 2008 the straight line method is the only method for tax purposes for fixed assets bought after 1.1.2008 . Germany Value Added Tax 2007 January 2007 From 1.1.2007 the new v.a.t rate in Germany is 19%, compared to 16% in 2006. Germany Value Added Tax 2006 September 2006 From 1.1.2007 the new standard V.A.T rate in Germany would increase to 19%,replacing the current V.A.T rate of 16%. Germany Income Tax 2005 January 2005 From 1.1.2005 the new Germany individual income tax rates are 15%-42%. Germany Income Tax 2004 January 2004 From 1.1.2004 the highest Germany income tax rate for individuals is now 45%(previous rate-48.5%). LOSSES-From 1.1.2004 losses up to 1 million EURO can be fully offset forward. Losses above 1 million EURO can be offset only up to 60% of the current annual income,the balance to be offset ,under the same terms,in future years.

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