What are the current tax rates for corporate income tax?
October 29, 2023 | 50,00 EUR | answered by Mia Köhler
Dear tax advisor,
My name is Otto Kieselbach and I have been successfully running a medium-sized company for the past five years. In recent months, I have noticed that my tax burden in terms of corporation tax has increased significantly. I am wondering if the tax rates for corporation tax have changed and what the current rates are.
Corporation tax is of great importance to me as a business owner, as it has a significant impact on the financial situation of my company. It is therefore essential for me to know the current tax rates in order to adjust my tax planning accordingly and to take advantage of possible tax benefits.
I am concerned that the increased tax burden could diminish my profits and affect my competitiveness. Therefore, it would be important for me to know if there are ways to optimize my tax burden and what measures I can take to improve my tax situation.
Could you please inform me of the current tax rates for corporation tax and whether there are any tax adjustments or reliefs that I could benefit from?
Thank you in advance for your assistance.
Sincerely,
Otto Kieselbach
Dear Mr. Kieselbach,
Thank you for your inquiry regarding the current tax rates for corporate tax. As a tax advisor specializing in corporate tax, I am pleased to be able to assist you.
First of all, I would like to inform you that the tax rates for corporate tax in Germany have not changed in recent years. The general tax rate is still 15% plus a solidarity surcharge of 5.5%, resulting in a total rate of 15.825%. For companies with a profit of over 200,000 euros per year, an increased tax rate of 15% plus the solidarity surcharge applies.
It is important to note that corporate tax is only levied on a company's profit and therefore does not directly affect revenues or income. However, a high tax burden can significantly reduce a company's profit and thus affect its competitiveness.
To optimize your tax burden and take advantage of potential tax benefits, I recommend examining various tax planning opportunities. These include the use of tax depreciation options, the utilization of tax exemptions and allowances, as well as consideration of tax special regulations. In addition, investments in certain tax-advantaged areas or restructuring your company's legal form can also bring tax benefits.
It is advisable to consult a tax advisor to create an individual tax plan for your company and maximize potential tax benefits. An experienced tax advisor can help you optimize your tax burden and improve your tax situation.
I hope this information has been helpful to you and I am happy to answer any further questions you may have.
Best regards,
Mia Köhler
