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.
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 …
Coronavirus Comprehensive pandemic assistance programmes
Companies which have been especially hard hit by the Covid-19 pandemic are being provided with comprehensive economic assistance. While the Temporary Aid Programme provides targeted funds, the Fresh Start Assistance (Neustarthilfe) programme helps self-employed individuals hit the ground running after the worst of the crisis.
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.