The Federal Ministry of Finance (BMF) on 19 March 2020 released a decree on the tax measures in response to the coronavirus (COVID-19) pandemic.
The decree follows an earlier package of measures to address COVID-19 challenges. Read TaxNewsFlash
The German federal states also on 19 March 2020 published guidance addressing trade tax relief measures.
Among the concessions being planned are measures for a deferral of tax payments and for a reduction of advance tax payments, corporation tax, and trade tax (on presentation by taxpayers of their circumstances and implications of COVID-19). In addition, applications for deferral of taxes already due or becoming due by 31 December 2020 may be submitted, and the tax authorities are not to reject these applications because the taxpayers are not able to prove details of the amount or value of damages incurred.
Other tax relief measures include:
Read a March 2020 report [PDF 126 KB] prepared by the KPMG member firm in Germany
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