More Liquidity Through Tax Measures During the COVID-19 Crisis

Companies affected by the COVID-19 crisis can apply to reduce their tax prepayments retroactively to €0.00. This applies to:

• corporate income tax
• trade tax
• personal income tax
• in some federal states, even the VAT special prepayment (the 1/11 advance payment)

We have linked the relevant decisions below so you can take action yourself. For our clients, we handle these applications upon request.

It may also be worthwhile to shift profits from 2019 to 2020 through accounting policy measures — please consult your advisor regarding this option.

Further information:

For Income Tax-, Corporate Tax- and VAT

For Trade Tax

For VAT Special Prepayment (Schleswig Holstein)

If you have any questions, we will be happy to assist you.

Christian Kuth, tyskrevision
info@tyskrevision.com