{"id":4561,"date":"2023-02-25T07:01:32","date_gmt":"2023-02-25T07:01:32","guid":{"rendered":"http:\/\/nycscreenwriter.org\/?p=4561"},"modified":"2023-04-03T11:04:25","modified_gmt":"2023-04-03T11:04:25","slug":"what-s-new-in-taxes-at-the-beginning-of-the-year","status":"publish","type":"post","link":"http:\/\/nycscreenwriter.org\/what-s-new-in-taxes-at-the-beginning-of-the-year.html","title":{"rendered":"What’s new in taxes at the beginning of the year?"},"content":{"rendered":"

 <\/p>\n

\"What's<\/div>\n

 <\/p>\n

The beginning of 2023 brings a host of tax changes. The following is an overview of selected legal adjustments:<\/p>\n

Income Tax<\/h3>\n

As of July 2023, the third bracket of the income tax rate will be reduced from 42% to 40%. To simplify, a blended rate of 41% is applied for the entire year 2023. For the second stage, the tax rate in 2023 is 30.<\/p>\n

The marginal amounts of the progression levels of the tariff – with the exception of the 55% level – as well as certain deduction amounts were also increased ("abolition of cold progression"). The values for 2023 were fixed in the law, and from 2024 the automatic adjustment will be made.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Tax rates 2023 in €<\/td>\nTax rate<\/td>\n<\/tr>\n
Up to 11.693<\/td>\n0 %<\/td>\n<\/tr>\n
Over 11.639 – 19.134<\/td>\n20 %<\/td>\n<\/tr>\n
Over 19.134 – 32.075<\/td>\n30 %<\/td>\n<\/tr>\n
Over 32.075 – 62.080<\/td>\n41 %<\/td>\n<\/tr>\n
Over 62.080 – 93.120<\/td>\n48 %<\/td>\n<\/tr>\n
About 93.120 – 1M.<\/td>\n50 %<\/td>\n<\/tr>\n
Over 1 million.<\/td>\n55 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The limit for immediate depreciation of low-value assets has been reduced from € 800.00 to € 1.000,00 raised. For business income, this applies to fiscal years beginning after 31.12.2022 start.<\/p>\n

A new investment allowance (IFB) can be used for the acquisition or production of certain assets from 1.1.2023 as operating expenditure to be made valid (see in addition also separate article).<\/p>\n

The turnover limit of the small business lump sum in the income tax was increased by € 5.000.00 (see separate article).<\/p>\n

Corporate Tax<\/h3>\n

The corporate income tax rate has been reduced from 25% to 24. The withholding tax on income from the granting of management rights will be 7.5% for corporations from 2023 (instead of the current 8.25%).<\/p>\n

Wage accounting – employee costs<\/h3>\n

The employer&#39;s contribution to the Family Burden Equalization Fund was reduced from 3.9% to 3.7%, to the extent specified in certain wage-setting regulations.<\/p>\n

This includes, among other things, an internal determination for all employees or certain groups of employees.<\/p>\n

The new non-cash remuneration values for official housing must be taken into account, the interest rate for non-interest-bearing employer loans has been increased to 1.0.<\/p>\n

From the beginning of 2023, the method of calculating the commuter allowance will change for those cases where the employer provides the employee with a ticket free of charge or pays a share of the cost of a public transport ticket (weekly, monthly or annual ticket).<\/p>\n

Employer subsidies for non-work-related trips in the context of car sharing are exempt from income tax up to € 200.00 per calendar year.<\/p>\n

Family allowance, child deduction<\/h3>\n

The family allowance and the child deduction will be adjusted annually for inflation starting in 2023 (see separate article).<\/p>\n","protected":false},"excerpt":{"rendered":"

    The beginning of 2023 brings a host of tax changes. The following is an overview of selected legal adjustments: Income Tax As of July 2023, the…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"yoast_head":"\nWhat's new in taxes at the beginning of the year? - Nycscreenwriter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nycscreenwriter.org\/what-s-new-in-taxes-at-the-beginning-of-the-year.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What's new in taxes at the beginning of the year? - Nycscreenwriter\" \/>\n<meta property=\"og:description\" content=\"    The beginning of 2023 brings a host of tax changes. 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