Measures of the Tax Reform Law 2009

• Reduction of tax rates on salaries and income
• Increase of the exemption limit and changes concerning the reduced tax rate of other receipts.
• Increase of the child tax credit from € 50.90 to € 58.40/month
• Analogue adjustment of the single-parent tax credit
• Introduction of a child tax-free amount of € 220/child/year
• Deductibility of child care costs up to € 2,300/child/year for children up to an age of 10
• Tax exemption for employers’ subsidies for child care up to € 500/child/year
• Change from the tax-free amount for profits invested by entrepreneurs subject to accounting to a tax-free amount for profits as from 2010: the tax-free amount will be increased from 10 % to 13 % and the requirement for investing profits will be abolished up to € 30,000
• Abolishment of the preferential taxation for retained profits as from 2010
• Abolishment of the preferential tax treatment of stock options as from 1 April 2009
• Tax deductibility of donations for humanitarian purposes, for development cooperation and emergency aid up to 10 % of the profits or income of the previous year
• Increase of the maximum deductible amount of contributions to churches to € 200 as from 2009.

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