FX.co ★ German Tax Revenues Rise 0.5% in October

Germany's federal and state government tax revenues experienced a slight increase, rising by 0.5% year-over-year to reach EUR 61.2 billion in October 2025, according to a finance ministry report published on Thursday. This information was reported by Reuters. In October, two major tax categories displayed contrasting trends: revenue from wage tax saw a significant rise, whereas revenue from sales tax declined. From January through October, there was a 5.7% increase in tax revenues compared to the same timeframe in 2024, amounting to EUR 726.2 billion. Europe's largest economy, Germany, faced contraction in 2024 for the second straight year due to weak global demand, soaring energy costs, and reduced industrial production. The government anticipates a modest growth rate of only 0.2% for this year. According to the report, leading indicators provide mixed signals and suggest that, at best, a modest recovery might be expected by year's end. Tax analysts estimate that total revenues for 2025 will rise to EUR 903.8 billion, marking a 5.0% increase.