In terms of Value-Added Tax (VAT), companies suffering from the coronavirus crisis can avoid liquidity disadvantages – in some cases, even refunds are possible
Companies particularly affected by the coronavirus crisis can defer current VAT payments to the tax office without interest. It is even possible to receive refunds of already made special VAT prepayments. Affected companies should definitely make use of this possibility and secure additional liquidity. Otherwise, in the event of payment defaults due to the coronavirus crisis, they are at risk of a double disadvantage, as VAT can also become due on outstanding payments.
