Child bonus, extended VAT reduction for restaurants and tax assistance for companies

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Families are to receive a child bonus again this year to cushion the corona costs.

The leaders of the Union and SPD agreed on Wednesday on a one-time child benefit grant of 150 euros per child, as both sides announced after the meeting in Berlin.

Last year there was 300 euros per child to stimulate consumption during the crisis.

A reduced VAT rate of seven percent is to apply to meals in restaurants and cafés by the end of 2022.

The leaders of the Union and SPD decided that the exemption, which was initially limited to June 30, will be extended due to the corona crisis.

In addition, the grand coalition is helping companies with losses from the Corona crisis.

With an extended loss carry-back, you should be able to offset corona-related losses in your tax return more extensively than before with profits from previous years.

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In addition, the grand coalition wants to financially support people with basic security because of the Corona crisis.

The leaders of the Union and SPD agreed on Wednesday on a one-time corona grant of 150 euros.

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