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Germany: 5 important changes for all taxpayers after September 26

Here’s what will happen after September 26. There are changes that all taxpayers in Germany will have to face:

Increase in health insurance premiums

Due to the coronavirus pandemic , the health insurance system will run out of EUR 7 billion in 2022! Olaf Scholz has already announced that at the turn of the year, contributions may increase by an average of 0.6 to 16.5 percent.

This means that with a gross monthly salary of EUR 2,000, the employee would have to pay EUR 72 a year more. On the other hand, at EUR 4,000 gross / month, it would be EUR 144 more.

Increase in pension contributions

Until 2023 at the latest, there is a risk of a significant increase in pension contributions from the current 18.6% to even 20%!

After the increase, a worker earning € 2,000 gross per month will have to pay € 168 per year for pension insurance. However, at 4000 EUR / month, even 336 EUR / year.

Increase in unemployment insurance premium

From January 1, 2023, the unemployment insurance premium will increase by 0.2 percent.

For an employee earning 2,000 gross per month, this means an additional € 24 per year. With a gross salary of EUR 4,000 / month, it will be EUR 48 / year.

Climate protection, increase in fuel prices

The “climate package” adopted in 2019 will result in a significant increase in fuel prices from 2022. The price for a liter of gasoline could rise by as much as 40 cents.

This means that fueling 50 liters will cost 97 euros instead of the current 77 euros.

Increase in heating oil prices

The fuel oil tax will rise from 7.9 cents a liter to 9.5 cents, or a whopping 20 percent! This increase will have a huge impact on the cost of heating the property for taxpayers in Germany.

This means that owners of single-family houses with an area of ​​up to 150 m2 and an average consumption of 2040 litres of oil will have to pay an additional EUR 327 per year. In the case of a three-room apartment with an area of ​​up to 80 m2 and an average consumption of 1088 litres of oil, the heating expenditure will increase by EUR 173 / year.