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German Tax Payment Relief For Airports Approved By EU

by Ulrika Lomas, Tax-News.com, Brussels

21 August 2020


The European Commission has approved a broader support package, proposed by authorities in Germany, for German airport operators.

Under the scheme, which will be open to all operators of German airports, the German authorities at different levels (federal, state and municipal) will be able to:

  • Compensate airports for revenue losses directly caused by the coronavirus outbreak during the period March 4 to June 30, 2020, in the form of direct grants; and
  • Provide liquidity support in the form of grants, guarantees on loans, subsidized interest rates, and deferrals of certain taxes and charges to airports facing liquidity shortages as a result of the restrictions that Germany and other member states have taken to limit the spread of COVID-19.

TAGS: tax | European Commission | interest | Germany | Europe

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