COVID 19 Measures - Latest Update

Against the background of a fourth Covid 19 wave in Europe, certain measures, due to expire, have been extended.

Tax Authorities release tax measures to combat the effects o ...

This morning both the Federal Ministry of Finance and the Supreme Tax Authorities of the Federal States (“the Länder”) released a circular and a decree (respectively) introducing tax measures to combat the effects of the coronavirus (COVID- 19 /SARS-CoV-2). In this Newsflash we would like to inform you of the measures.

COVID 19: Summary of measures introduced to combat the effec ...

This article is intended to provide an overview of the current measures taken in connection with the spread of the coronavirus, particularly in tax law.

Covid-19 Italy: Simplifying measures

Prepared by Alessandro Caridi and Flavia Barone

Covid-19 Italy: Incentives and tax credit

Prepared by Flavia Barone and Fabrizio Tenuta

Covid-19 Italy: Measures in Italy to support the liquidity a ...

Prepared by Alessandro Caridi and Flavia Barone

Covid-19 Italy: Measures to support the business liquidity o ...

Prepared by Fabio Alberto Regoli

Covid-19 Italy: VAT - Measures to support the capitalisation ...

Prepared by Luca Lavazza

Covid-19 Italy: Postponement of suspended tax payments

Prepared by Alessandro Caridi and Flavia Barone

Ministry of Finance: No Covid 19 deferral of deadline for re ...

At a Federal Press Conference on 6 July 2020, the Ministry of Finance in Berlin made the surprise announcement that, following a decision of the Minister of Finance, Germany will not be exercising the option given in the recent EU Directive to extend the reporting deadlines for DAC 6.

Federal Cabinet releases draft bill for post-covid stimulus ...

The German Federal Cabinet has released the draft bill on the crisis management package aimed at mitigating the economic impact of the COVID 19 pandemic.

OECD: Monitoring investment measures in G20 countries

When COVID-19 broke out, G20 members pledged to remain open to trade and investment to limit the damage of the pandemic on their economies. The latest OECD-UNCTAD report monitors investment measures taken by G20 members over the past 6 months.

European Council adopts a temporary ‘buy and donate’ VAT exe ...

The Council of the European Union adopted an amendment to the VAT directive introducing a temporary VAT exemption on importations and on certain supplies in response to the COVID-19 pandemic. The ‘buy and donate’ directive will make it easier for the Commission and EU agencies to buy goods and services to distribute them free of charge to member states in the context of the ongoing public health crisis.

Update: EU Commission: Communication on Business Taxation fo ...

The EU needs a robust, efficient and fair business tax framework that supports the post-COVID-19 recovery, removes obstacles to cross-border investment and creates an environment conducive to fair and sustainable growth. That is why, on 18 May 2021, the Commission published the Communication on Business Taxation for the 21st Century.

Government Coalition Committee agrees Crisis Management Pack ...

In the night of 3-4 June, coalition partners CDU/CSU and SPD agreed on a crisis management package to mitigate the economic impact of the COVID 19 pandemic.

Government releases draft Corona – Tax Assistance Bill

At its meeting on 6 May 2020, the Federal Cabinet adopted the Corona Tax Assistance Bill, which - with the exception of editorial changes - essentially corresponds to the Federal Ministry of Finance's original formulation.

Tax & Legal News: Issue 2, April 2020

Issue 2 of the Tax & Legal News for 2020 contains includes news about support measures against the Coronavirus as well as news from the Supreme Tax Court and the ECJ:

Fair and effective taxation: Council of the European Union a ...

EU member states want to ensure that EU tax policy remains fit for purpose and results in fair and effective taxation in the increasingly globalised and digitalised economy of the 21st century. Therefore, the European Council approved conclusions setting out its comprehensive assessment of the main tax policy issues to be addressed over the coming years, to shape the EU policy agenda in the field of taxation.

Seizure of Corona emergency aid is inadmissible

The seizure of a bank account by the tax office, where the account also includes amounts received as Corona emergency aid, is unlawful. This was decided by the Münster Tax Court in a procedure for interim relief on 13 May 2020 (Az. 1 V 1286/20 AO), published in a press release on 19 May 2020.

European Commission proposes postponement of DAC 6 rules due ...