Information letter Increase of advance payments

Reason for the information letter:

In order to mitigate the effects of the corona pandemic on the economy and to provide liquidity to companies, the Federal Ministry of Finance, in agreement with the supreme tax authorities of the federal states, has issued the so-called catastrophe decree on tax measures to take account of the effects of the corona virus. This provided, among other things, that taxpayers who were demonstrably directly and not inconsiderably affected could, under simplified conditions, submit applications for adjustment of advance payments for income tax or corporation and trade tax. Now that the "lockdown" has ended, business can be largely reopened - in compliance with the rules on hygiene and distance - and the economy is picking up again, taxpayers for whom the (income, corporation and trade tax) rates are lowered will be able to apply for an adjustment of the advance payments.(income tax, corporation tax and trade tax) prepayments have been reduced due to the Corona effect, will be informed by means of an information letter that an adjustment of the prepayments for the 4th quarter of 2008 will be possible. It is possible to adjust the advance payments for the fourth quarter of 2020 and subsequently for the quarters in 2021.

Note: An adjustment of the advance payment for the 3rd quarter of 2020 is no longer possible for systemic reasons.