F. A. Z. exclusive: companies in Distress will get more time to request help

companies in Distress with their advisors more time to apply for temporary assistance from the Federal government. The Federal Ministry of Finance agreed to the

F. A. Z. exclusive: companies in Distress will get more time to request help

companies in Distress with their advisors more time to apply for temporary assistance from the Federal government. The Federal Ministry of Finance agreed to the proposal of economy Minister Peter Altmaier (CDU), the application deadline until 30. To extend the month of September. The management agreement, and the execution of instructions with the länder in Germany, to be amended accordingly.

Manfred Schäfers

economic correspondent in Berlin.

F. A. Z.

The Bridging loans are subsidies to the fixed costs of the company, which are measured according to the amount of the decline in sales. A maximum of 80 percent of the fixed costs will be refunded – this includes Rent for premises, leasing rates and insurance. For each company there is a maximum of 150,000 euros for three months. The program was initially limited until the end of August.

abuse

reduce the cornerstone of the 130 billion Euro German economic stimulus package is in addition to the already in force VAT. 25 billion euros are allocated to it.

in Order to prevent abuse, the applications with the help of about Steuerberater wirtschaftsprüfer or vereidigte buchprüfer to. The tax consultants of the country is currently under.

The tax adviser Association had this week in a brand letter to the German Federal government to implement an extension of the application deadline on the 31. August is also requested. "As a first point of contact in the crisis, the firms are confronted by the measures to combat the Corona pandemic with a workload that exceeds their capacity far", - stated in the Letter from the Association's President, Harald Elster.

Updated Date: 31 July 2020, 11:19

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