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Nexia Ebner Stolz

Tax Advice

Corona crisis: reduction of advance tax payments

There is hardly a com­pany that does not suf­fer from li­qui­dity bott­le­necks in the face of the corona cri­sis - the re­duc­tion of tax pre­pay­ments is in­ten­ded to ease their bur­den.

Ac­cor­ding to a let­ter from the Fe­deral Mi­nis­try of Fi­nance (BMF) da­ted 19 March 2020, com­pa­nies can sub­mit ap­pli­ca­ti­ons for ad­just­ment of ad­vance pay­ments to in­come and cor­po­ra­tion tax. Proof must be pro­vi­ded that they are di­rectly and not in­si­gni­fi­cantly af­fec­ted by the corona cri­sis. Howe­ver, it is not ne­cessary to prove the da­mage in­cur­red in de­tail.

On the other hand, if re­quests for re­duc­tions of ad­vance pay­ments are made which only con­cern pe­riods af­ter 31 De­cem­ber 2020, spe­cial ju­sti­fi­ca­tion is re­qui­red. Tax­pay­ers af­fec­ted by the ef­fects of the coro­na­vi­rus can also ap­ply to their re­spon­si­ble tax of­fice un­til 31 De­cem­ber 2020 for a re­duc­tion of the trade tax base va­lue for the pur­po­ses of the ad­vance pay­ments to which the mu­ni­ci­pa­li­ties con­cer­ned are bound when de­ter­mi­ning the ad­vance pay­ments of trade tax.

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