Klingbeil to Unveil Plan to Cut Income Tax for Small and Middle Earners

Klingbeil to Unveil Plan to Cut Income Tax for Small and Middle Earners

Bundesfinanzminister Lars Klingbeil of the SPD is reportedly working on a plan to reduce income tax for low‑to‑middle‑income earners, according to a Monday edition of “Bild”.
The reform, according to the minister’s spokesman, is expected to be unveiled in the coming months. The spokesman confirmed that, in line with the coalition agreement, Klingbeil intends to provide tax relief to this group around the middle of the legislative term.

The finance ministry says it is developing an income tax reform that should be presented later this year.
No specific date or detailed information has been released. The exact shape of the reform and the level of relief are still subject to further consultations and will be refined as discussions progress.