Germany Publishes Overview of Tax Measures to Assist all Businesses Affected by the COVID-19 Pandemic

The German Ministry of Finance has published an overview of tax measures to assist all businesses affected by the coronavirus (COVID-19) pandemic, including payment deferral and waiver of penalties.

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Businesses will receive tax-related assistance in order to boost their liquidity during the coronavirus pandemic. In coordination with the highest revenue authorities of the German Länder, the Federal Ministry of Finance has adopted a circular specifying tax relief measures to support affec…