Credit profit levy

The credit gain levy was a public law levy that was levied in the Federal Republic of Germany on the basis of the Burden Equalization Act of August 14, 1952 .

The credit profit levy was levied on the profits made in commercial operations by the devaluation of liabilities as part of the currency reform of 1948 . The basis of assessment was the balance of the profit resulting from the devaluation of liabilities and the loss resulting from the devaluation of financial assets and claims. The losses determined under income tax law in the period from January 1, 1945 to June 20, 1948 could still be deducted from this. In addition, asset losses incurred in the period from January 1, 1940 to June 20, 1948 (adjusted for withdrawals and deposits) were proportionally deductible.

The profit balance calculated in this way, after deducting an allowance of DM 1,000, was the tax liability. From July 1, 1948, interest was paid at 4% annually and from July 1, 1952 at 3% annually plus the interest saved in quarterly installments.