Promotion of tax relief for people affected by the coronavirus crisis
By letter dated 9 April 2020, Germany’s Federal Ministry of Finance announced further tax measures relating to the coronavirus. The main purpose of these measures is to provide tax support and relief to supporters of those affected by the coronavirus crisis.
Key aspects:
Contributions and payments from business assets can be deducted as operating expenses. |
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We need to commit “to social cohesion, to halting the spread of the pandemic and to those for whom everyday activities suddenly present unprecedented risks.”
These rules of equity and simplification apply to all support measures implemented in the period from 1 March 2020 until 31 December 2020.
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