German Chancellor Angela Merkel's ruling coalition announced a VAT reduction from 19 percent to 16 percent for six months starting in July as part of a stimulus package to speed up Germany's recovery from the coronavirus shock. A lower VAT rate for hospitality would be cut by two points to 5 percent over the same period.
Sales Tax Rate in Germany averaged 17.86 percent from 2000 until 2020, reaching an all time high of 19 percent in 2007 and a record low of 16 percent in 2001. This page provides the latest reported value for - Germany Sales Tax Rate | VAT - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Sales Tax Rate - VAT - values, historical data and charts - was last updated on September of 2020. source: Bundeszentralamt für Steuern
Sales Tax Rate in Germany is expected to reach 16.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Sales Tax Rate - VAT is projected to trend around 19.00 percent in 2021, according to our econometric models.