The Bundesfinanzministerium's latest report unveils a 4.5% decline in German tax revenues for March, marking a departure from the upward trajectory witnessed in previous months. This decrease, largely attributed to a base effect in import turnover tax, resulted in a significant downturn in sales tax revenues.

While pre-assessed income tax and corporate tax also recorded declines, there was a notable increase in revenue from capital gains tax on interest and investment returns. Despite this setback, total tax revenues for the first three months of the year saw a modest rise of 1.6% to €203.0 billion.