The German Ministry of Finance has announced new refund measures to assist companies facing liquidity issues due to COVID-19. This includes that for companies that are expecting a loss in 2020, they may receive a refund of tax amounts paid for 2019 in addition to tax amounts already paid for 2020.
With the refund measures, affected taxpayers can apply for a reduction of advance payments for income or corporate tax for 2019 on the basis of a flat-rate loss carryback. Taxpayers are generally…