There are multiple definitions - click on the translation that matches your context.

Steuerermässigung

Substantiv

partial

tax relief

noun

Comparative law notes

Germany

Tax relief is a very broad umbrella term that canvases a range of tax diminution measures by the tax authorities, while the German concept applies to a more mathematical mechanism of reducing usually the tax RATE. The Steuerermässigung is a type of tax relief. Another more accurate neologism might be "tax rate/amount reduction".

Definitions of tax relief

English

a reduction in the amount of tax that has to be paid

The government is looking into a scheme under which investors gain tax relief for paying to renovate business properties.