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.

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.

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Coalition leaders have presented an ambitious relief package against excessive bureaucracy. It is expected to cut costs for companies by 25 percent in theory.

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.

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The temporary reduction in the mineral oil tax has been in effect since May 1. Consumer prices for gasoline and diesel have dropped noticeably. Federal Finance Minister Lars Klingbeil expects the oil industry to pass on the relief in full and without delay.

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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The SPD parliamentary group has opposed flat cuts to parental allowance. Family Minister Karin Prien of the CDU faces pressure to save 500 million euros.

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