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.
Small and medium-sized businesses hit particularly hard by the coronavirus crisis can now apply for temporary aid as part of Germany’s comprehensive stimulus package.
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 …