Information on the tax liquidity aid for companies

Tax liquidity aid for companies

  • What improvements have been made with regard to deferral of tax payments, reduction of advance payments, change in enforcement?
  • What options are there for optimizing liquidity?

Reduction of tax avances and deferrals for tax payments

In the meantime, it is also possible to apply to the Federal Ministry of Finance for a reduction of tax prepayments and deferrals for tax payments.

This application is relevant for all those who not only have income from employment, capital assets and rental income with regard to upcoming back taxes and upcoming deadlines for tax prepayments.

It is important that in this exceptional situation, as much liquidity as possible remains in the company. Therefore, we urge you to contact us and discuss this. There is no need to calculate preliminary figures (forecasts of the annual net profit) for the applications.  

What tax deferrals are there?

Tax deferrrals are possible for entrepreneurs due to Corona:

  • Value added tax
  • Income tax
  • Corporate income tax

Whether wage tax payments can also be deferred is currently being clarified.

As there are no guidelines for tax deferrals apart from the general BMWi declaration, an application must be made for each deferral, which must be approved by the authorities.

For the advance return for tax on sales/purchases, we are considering setting up a quarterly advance return as a standard. This would reduce the workload for many companies that currently have to make their advance return for tax on sales/purchases on a monthly basis.

How and where do I apply for a tax deferral?

Applications for tax deferrals must be submitted in writing to the relevant tax office. No explicit form is required, an e-mail is sufficient.

We are happy to assist you with the application.

Questions?

If you need support with financial bridging assistance and risk relief or have any other questions on these topics, please contact us. We will be happy to advise you.

Service-Phone
+49 89 547143
or by e-mail
corona@acconsis.de

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ACCONSIS – Corona Information (Update)

Addition to: Safe through the Corona crisis –
What you as an entrepreneur and freelancer should now pay attention to

After many aid programmes of the Federal Government have been adopted, our update provides you with a summary of the financial aid currently available to companies, the regulations and deadlines that apply to them and how you can make use of them quickly and easily in case of doubt.

In addition, you will find information on insolvency law and an outlook on the situation.

ACCONSIS – Corona Information

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What you as an entrepreneur and freelancer should now pay attention to

This client information provides you with important answers to many questions.