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 …
With its comprehensive coronavirus assistance programmes, the German government provided targeted support to companies and self-employed individuals affected by the pandemic. A total of almost five million grant applications and around 170,000 loan applications were submitted.
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.