While Germany is currently in the midst of the corona virus pandemic it has adopted the largest assistance package in history in order to combat the Covid19. As a result, all businesses affected by the pandemic that had their income decreased in 2020 due to covid can now opt in for a tax deferral by the end of December. The approval of these deferrals will not be subject to strict conditions as the German authorities are looking to increase the liquidity of these companies.
Source: globalvatcompliance.com
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