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German Ministry of Finance Confirms Third Law Providing Additional Tax Aid Measures for COVID-19

|Approved Changes|Germany
Germany

On 17 March 2021, the German Ministry of Finance issued a release confirming the third law for the implementation of tax aid measures to cope with the COVID-19 crisis (the so-called "Third Corona Tax Aid Act"). As previously reported, this includes the extension of the reduced 7% VAT rate for restaurants and catering services to 31 December 2022 (with the exception of serving beverages), and t…

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