In short

This law, the "Kleinbetragsverordnung," sets minimum thresholds for when tax assessments and other financial determinations will be changed or corrected by the financial authorities. It aims to streamline administrative processes by avoiding changes for very small amounts.

What it regulates

• Changes or corrections to various tax assessments, such as income tax, corporate tax, and inheritance tax.
• Adjustments to reported VAT prepayments, annual VAT, fire protection tax, and insurance tax.
• Changes or corrections to the assessment of trade tax base amounts.
• Adjustments to the separate determination of income.
• The recovery of housing construction premiums.
• The determination of vehicle tax upon termination of tax liability.

Who it concerns

• Taxpayers subject to income tax, corporate tax, inheritance tax, real estate transfer tax, and betting/lottery tax.
• Individuals or entities making VAT prepayments or subject to fire protection or insurance tax.
• Businesses subject to trade tax.
• Individuals involved in separate income determinations.
• Recipients of housing construction premiums.
• Vehicle owners whose vehicle tax liability ends.

Key points

• For many tax types (e.g., income tax, corporate tax), changes are only made if the deviation is at least 10 Euro in favor of the taxpayer or 25 Euro to their disadvantage.
• Trade tax base amounts are only changed if the deviation is at least 2 Euro in favor of the taxpayer or 5 Euro to their disadvantage.
• Separate income determinations are only changed if the income for at least one participant changes by at least 25 Euro.
• Housing construction premiums are only reclaimed if the amount to be reclaimed is at least 25 Euro.
• Vehicle tax upon termination of liability is set to zero if the new amount would be less than 5 Euro.