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Business tax revenue in Lower Saxony has increased enormously

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Lower Saxony and Bremen
Business tax revenue in Lower Saxony has increased enormously

Hannover (dpa/lni) – After significant losses in the Lower Saxony municipalities in income tax and similar taxes in the Corona year 2020, last year brought remarkable growth. The corresponding volume grew by 11.4 percent in 2021 compared to the previous year to 10.7 billion euros, as the Lower Saxony State Statistics Office announced on Tuesday. Above all, the net income from the business tax increased significantly: by 30.6 percent to 4.4 billion euros.

Overall, municipalities’ adjusted payments in 2021 increased by 3.1% to €28.5 billion, but adjusted payments increased even more, i.e. by 4.2% to €29.1 billion. The end result was a funding shortfall of €581 million, after a shortfall of €270 million in 2020.

According to preliminary calculations, municipal cash advances increased slightly by 0.3 percent to 1.4 billion euros. For a long time, Lower Saxony had attracted attention with high values ​​for cash loans or short-term liquidity. On the other hand, securities debt and investment loans, which are longer-term, rose nearly 4 percent to €11.6 billion.


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