Coronavirus Emerging from the crisis with full strength
VAT in Germany will be reduced for a temporary period starting on 1 July 2020. The German Bundestag and Bundesrat have passed the Coronavirus Tax Assistance Act, which implements key parts of Germany’s unprecedented stimulus package. On top of the reduced VAT rate, measures include a bonus for families with children as well as extensive tax relief for single parents, businesses and other …
Many companies, self-employed people and freelancers have been affected by closures and major revenue losses due to the coronavirus pandemic. Comprehensive assistance is available to support them.
Coronavirus Comprehensive pandemic assistance programmes
Companies and self-employed individuals are still affected by the coronavirus pandemic despite the economy starting to recover and restrictions being eased. In order to provide support where it is still needed, the Temporary Aid Programme IV, one of Germany’s central assistance programmes, is being extended to the end of June 2022. The Fresh Start Assistance programme, which is targeted …