The Recycler
  • Katun March Web Advert 2021
  • Ninestar web banner November 2022 Masthead
  • Static Control June 2022 Masthead Ad
  • Biuromax Web banner June 2022

Germany offers tax relief on digital assets

Germany offers tax relief on digital assets

January 21, 2021

As part of a €2.3 billion ($2.79 billion) tax relief plan, businesses will now be able to claim tax relief for purchases like computers, printers and software in the year of purchase.

Up until now, the purchases from companies like computers, monitors, scanners, printers and software could be written off over several years. A new announcement from German Finance Minister Olaf Scholz, the writing off of these digital assets will now be possible in the same year of purchase.

As Reuters reports, Scholz expects the annual tax relief with this initiative for businesses to be around €2.3 billion ($2.79 billion). Talking to Reuters, Scholz said: “I want to make a quick, targeted and unbureaucratic contribution to this with the tax law. This will provide a great tax incentive to invest in computers, software and digitalisation. This is also good news for all those who are currently working in a home office.”

The initiative is planned for a five year period and the ministry expects the total stimulus to be about €11.5 billion ($13.96 billion) for companies and consumers.

Categories : Around the Industry

Tags : Business Digitalisation Germany IT Reuters Tax Relief

  • Mito Web Ad September 2022
  • Ink Tank November 2022 Web banner
  • GPI November 2022 Web advert
  • IR Italiana Web ad January 2021
  • GM Tech Web ad September 2022
  • Static Control June 2022 Big & Bold Ad
  • Apex Web Ad September 2022
  • Aster November 2022 Web advert
  • HYB October 2022 Web banner
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • Zhono Web Ad October 2022
  • PCL Web ad January 2021
  • CTS New Ad March 2022
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • HYB October 2022 Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • Zhono Web Ad October 2022
  • CET June 2022 Web ad
  • ITP Web ad January 2021
  • HYB October 2022 Web banner
  • Zhono Web Ad October 2022
  • CTS New Ad March 2022
  • PCL Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark