Deadline for filing 2019 tax returns.

The Federal Ministry of Finance has announced that the “normal” submission deadline for tax returns prepared by consultants (e.g., for income tax, corporate income tax, sales tax) of 2019 (end of February 2021) will be extended; according to information from the Federal Ministry of Finance, the submission deadline for corresponding tax returns will be postponed until Aug. 31, 2021, as part of a legal regulation.

The regulation on interest on tax arrears is to be adjusted.

Deferral of taxes

Companies or individuals directly and not insignificantly negatively economically affected by the Corona crisis were able to apply in a simplified procedure to reduce advance income or corporate income tax payments due by the end of 2020 and to defer taxes due up to that date without interest. This regulation has also been extended: Until March 31, 2021, applications for (follow-up) deferral of basically all claims arising from the tax debt relationship can be submitted under a simplified procedure; the deferrals will then run until June 30, 2021 at the latest.