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Value added tax: the gas crisis brings the state billions in revenue

2022-08-05T12:49:36.472Z


Politicians are debating the introduction of an excess profit tax - but the winners of the energy price crisis are not just commodities companies: the state treasury is also benefiting greatly.


Enlarge image

Liquid gas pipeline in Schleswig-Holstein

Photo: Marcus Brandt / picture alliance / dpa

The explosion in gas prices brings huge tax revenues to the state coffers.

According to an analysis by the consumer portal Verivox, German households will have to pay over 3.6 billion euros more in VAT to the tax authorities in 2022 than in the previous year.

In 2021, the price for a kilowatt hour of gas was 6.56 cents on average - this resulted in 3.3 billion euros in VAT.

According to Verivox, the average gas price rose to 13.67 cents per kilowatt hour in the first half of 2022.

If consumers needed as much gas as they do in 2021, VAT revenue would increase to around 6.9 billion euros.

Gas is subject to 19 percent sales tax - reducing the rate to seven percent would result in 4.4 billion euros less in taxes.

A gas levy is also to come from October.

The amount is still unclear, it should be between 1.5 and 5 cents per kilowatt hour.

Since sales tax also has to be paid on this, up to a further 2.9 billion euros could go to the state, according to Verivox.

In Berlin, however, there is also talk of waiving VAT in the apportionment.

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Source: spiegel

All business articles on 2022-08-05

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