OrbitaxGerman Federal Cabinet Approves Legislation to Reduce VAT on Natural Gas, Adjust Individual Income Tax Brackets, Repeal German-nexus IP Rules, and More
|Proposed Changes|Germany
On 14 September 2022, the German Federal Cabinet approved several pieces of draft legislation, including the following as announced by the Minister of Finance:
- the draft Act to temporarily lower the sales tax rate on gas deliveries via the natural gas network, which reduces the VAT rate on natural gas to 7% from 1 October 2022 to 31 March 2024;
- the draft Act to compensate for inflation throu…
