The German government has announced that it reached agreement on the 2025 budget on 5 July 2024, as well as a supplementary budget for 2024 and a growth initiative to support the economy that includes several tax measures. Some of the main tax measures of the growth initiative include: Extending declining balance depreciation for moveable assets until 2028, along with an increase in maximum depreciation rate from 20% to 25%; Increasing the maximum amount for optional pool depreciation for movable assets from EUR 1,000 to EUR 5,000; Increasing the maximum annual amount of qualifying expenses for the R&D tax allowance...