Finance Minister Klingbeil to relax receipt obligation gradually

Federal Finance Minister Lars Klingbeil plans to abolish the paper receipt obligation for small amounts.

Lars Klingbeil of the SPD has presented a draft law that abolishes the receipt obligation in stages over time. Initially the obligation will no longer apply to purchases up to 30 euros. The rule was introduced in 2016 by Wolfgang Schäuble and took effect in 2020. Retailers must provide receipts digitally in future, for example by email or QR code. The change stems from agreements between the Union and SPD in coalition negotiations. No exact date for implementation is given in the draft.

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German Finance Minister Lars Klingbeil presenting the balanced 2027 budget draft in parliament
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Klingbeil presents 2027 budget draft without gap

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Federal Finance Minister Lars Klingbeil presented a 2027 budget draft without billion-euro holes on Monday. The 34 billion euro gap was closed through various measures.

The German federal government under Finance Minister Lars Klingbeil (SPD) failed to agree with the Union on budget savings. Instead, taxes on alcohol, tobacco, and cryptocurrencies are set to rise, with new levies on sugar and plastic. The measures appear in the 2027 budget draft to be presented to the cabinet on Wednesday.

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German Finance Minister Lars Klingbeil (SPD) detailed specific savings targets for the 2027 federal budget at a press conference in Berlin. The measures aim to close a 111 billion euro financing gap. The largest cuts target pensions at four billion euros.

Federal and state governments have agreed on a new rule to relieve municipalities. The federal government will cover 80 percent of the costs for certain federal laws in the future.

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Minister President Sven Schulze has called for stronger pressure on welfare recipients. The CDU politician criticised that many benefits are received without any return contribution.

The federal government faces delays in disbursing funds from the 500-billion-euro infrastructure special fund. Finance Minister Lars Klingbeil encounters bureaucratic hurdles and internal party issues.

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The Ministry of Revenues is expanding its real-time transaction monitoring platform, positioning the Electronic Invoicing System to cover e-commerce platforms in Ethiopia.

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