Restart: Only a few weeks after launching the petition the time had come. The Federal Government handed over responsibility for the exit strategy to the federal states. Mecklenburg-Western Pomerania, Lower Saxony and North Rhine-Westphalia were the first to reopen catering establishments. Finally, Bavaria was the last to relax the restrictions at the end of May. Demand number 1 has therefore become reality today. However: Everywhere, requirements have to be met that place a massive burden on profitability. This is why financial aid continues to be of crucial importance.
Gastronomy recovery fund: A special fund exclusively for the gastronomy sector was not made available. However, over the past few weeks, following the initial measures of immediate aid, short-time work compensation and KfW loans, further assistance has been agreed, which will benefit restaurant and catering businesses in particular. The Economic Stimulus and Future Package launched by the German government on 3 June is an important step for restaurateurs. What’s in it?
Interim aid to cover up to 80% of fixed costs – depending on the size of the company and loss of turnover. This measure will be passed by the German Federal Parliament and the Federal Council this week and will enter into force in August.
Further tax aid and incentives by extending the tax loss carry-back as well as by temporarily reintroducing the decreasing balance depreciation for wear and tear for movable assets acquired in 2020 and 2021 – an instrument that also supports equipment offers within the framework of METRO Gourvenience
Extension of the improved regulations for short-time work compensation to 2021
VAT reduction: This demand was first met a few days after the start of the petition – a one-year reduction of the sales tax on meals from 19% to 7% was passed. This measure specific to the catering industry was further reinforced by the fact that as part of the economic stimulus package, a 6-month reduction in the general VAT rate to 5% or 16% respectively was agreed – as can be seen on all price tags in Germany as of yesterday.