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German Ministry of Finance Announces Fourth Draft Law Providing Additional Tax Aid Measures for COVID-19

|Proposed Changes|Germany
Germany

The German Ministry of Finance has announced a fourth draft law for the implementation of tax aid measures to cope with the COVID-19 crisis (the so-called "Fourth Corona Tax Aid Act"). Some of the key measures include:

  • The extension of the accelerated depreciation for movable business assets provided for 2020 and 2021, so that it is also available for assets purchased or manufactured in 2022,…

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