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German Tax Revenue Plunges 25.3% in April: Finance Ministry

May 21, 2020, 10:00 PM

German total tax revenue, excluding local authority taxes, falls 25.3% in April compared with the same month a year earlier, Finance Ministry says in monthly report.

  • Tax revenue down 3.1% y/y in January-April period
    • Federal income -32.3% y/y in April, states’ revenue -25.4%
  • Leading indicators suggest economic weakness will persist in coming months: ministry
    • Uncertainty about pandemic brings considerable risks to outlook
  • NOTE, May 14: Germany’s Tax Income to Tumble $106 Billion on Coronavirus Fallout
  • NOTE, May 19: German Investor Confidence Jumps on Hopes Worst of Pandemic Over

To contact the reporter on this story:
Birgit Jennen in ...