Home Office to Receive Flat Rate of 600 Euros Approved by GroKo
The Grand Coalition has reached a final agreement on the introduction of a home office allowance for employees working from home due to the coronavirus pandemic. This was reported by Handelsblatt in its Friday edition.
The design of the home office allowance was clarified in a meeting between the responsible faction vice-chairs of the Union and SPD. According to the agreement, employees who work from home can claim five euros per day for the home office allowance.
The home office allowance will be treated like other business expenses for tax purposes. It will be included within the employee's tax-free allowance of 1,000 euros. However, only those who have more than 1,000 euros in business expenses per year will benefit from the home office allowance.
The home office allowance is intended to keep the cost framework. The maximum amount for the home office allowance is 600 euros per year for each employee. The home office allowance will be officially passed as part of the annual tax law in December.
The responsible faction vice presidents involved in the approval of the home office allowance were Johannes Vogel for the Union and Sönke Rix for the SPD. The home office allowance is set to be passed in December as part of the annual tax law.
The home office allowance will be granted within the employee's tax-free allowance of 1,000 euros. This means that the allowance will not exceed the employee's existing tax-free allowance. The home office allowance will not exceed 600 euros per year for each employee.
The home office allowance is a significant step towards supporting employees who have had to work from home due to the pandemic. The allowance will provide a financial boost to those who have incurred additional costs while working from home.
In conclusion, the Grand Coalition has reached a final agreement on the introduction of a home office allowance for employees working from home. The allowance will be treated like other business expenses for tax purposes, and the maximum amount for the home office allowance is 600 euros per year for each employee. The home office allowance will be officially passed as part of the annual tax law in December.
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