In order to fight the economic consequences of the COVID-19 pandemic, the federal government has decided to launch an economic stimulus and crisis management package.
On 3 June 2020, the German federal government adopted a comprehensive economic stimulus and crisis management package. The adopted package also includes a large number of tax measures designed to stimulate the economy. Highlights are the temporary VAT rate reduction, the extended tax loss carry-back and the introduction of an option for partnerships to be taxed like corporations.
