On 31 July 2020, the Government Officially published Law No. 2020-935, which was basically third amending Finance (Budget) Law for 2020. The Law includes the following changes:
Deferral of DAC6 reporting obligations
According to the Law, the deadline to report arrangements, which was implemented between 25 June 2018 and 30 June 2020, is deferred from 31 August 2020 to 28 February 2021. Again, the 30-day deadline to report arrangements for the period between 1 July and 31 December 2020 begins on 1 January 2021.
Loss carry-back
Under the Law, companies are allowed to request the immediate refund of their carryback, which will be incurred before 31 December 2020 with certain conditions.
Incentives for SMEs
A one-time deduction for the local real estate contribution of companies is granted for small and medium-sized companies (SMEs) engaged in the accommodation, catering, tourism, entertainment, sport, culture, and aviation sectors.
