Japan announces emergency economic measures in response to COVID-19 pandemic

12 April, 2020

On 7 April 2020, the National Tax Agency of Japan announced tax relief measures in response to the coronavirus (COVID-19) pandemic. For almost all national tax liabilities of legal or individual taxpayers for which payment due dates fall

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Thailand extends tax returns filing deadlines in response to COVID-19 pandemic

12 April, 2020

The Ministry of Finance of Thailand has launched three Notifications to extend filing tax returns and submitting payments according to the Cabinet Resolution on 24 March 2020. This is to help people and entrepreneurs to increase liquidity referring

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COVID-19: Finland reduces interest rate for late payment of taxes

12 April, 2020

On 2 April 2020, the Finnish Ministry of Finance released an announcement that reduces the interest rate on late payments of taxes in response the coronavirus pandemic. The government proposed that the default interest rate is temporarily reduced

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Panama extends suspension of administrative appeals proceedings amid COVID-19 pandemic

10 April, 2020

The tax authority of Panama published Resolution No. 201-2353 of 2020, amending Resolution No. 201- 2270 of 2020 to extend the suspension of administrative appeals proceedings until the emergency is lifted due to the COVID-19 outbreak. Previously

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COVID-19: Indonesia publishes further guidance in response to coronavirus outbreak

09 April, 2020

On 31 March 2020, Indonesia President signed the Government Regulation No. 1 for 2020 (PERPPU-1) in handling COVID-19 outbreak. The regulation includes the following tax measures. The CIT rate is reduced from 25% to 22% for tax years 2020

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Azerbaijan: Tax measures due to COVID-19 outbreak

09 April, 2020

On 29 March 2020, the Azerbaijan Ministry of Economy issues press release clarifying deadlines for submission of tax returns and other measures due to COVID-19 outbreak. According to a decree of 25 March 2020, the period from 29 March to 3 April

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Argentina: Government announces further extension of transfer pricing return deadline (COVID-19)

09 April, 2020

On 31 March 2020, the Government officially published General Resolution 4689/2020 of 30 March 2020, which provides a further extension of the extended timeline to transfer pricing filing returns forms (Form 741, Form 743, Form 867 and Form 4501)

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Oman: Emergency tax measures amid COVID-19 outbreak

09 April, 2020

On 31 March 2020, an announcement was made by the Oman Tax Authority declaring emergency tax relief measures in response to COVID-19 outbreak. The Tax Authority announces the following measures: In the event that statements are not submitted in

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Zambia: Tax measures in response to COVID-19

08 April, 2020

On 27 March 2020, the Ministry of Finance of Zambia has published a Statement by the Hon. Minister of Finance on COVID-19. The tax relief measures taken to mitigate the impact of COVID-19 include: Suspend excise duty on ethanol for use in

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Egypt extends tax return filing deadline for individuals amid COVID-19 pandemic

08 April, 2020

On 23 March 2020, the Egyptian Tax Authority has issued a press release extending tax return filing deadline for individual amid COVID-19 pandemic. Tax Authority extends the period of submitting tax returns from 31 March 2020 to April 16 for

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Kenya: President announces tax relief measures in response to COVID-19 pandemic

08 April, 2020

On 25 March 2020, the Kenyan president Uhuru Kenyatta outlined tax proposals intended to provide the following tax relief measures regarding the coronavirus (COVID-19) pandemic. A reduction in corporate tax for companies from 30% to 25%. It is

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COVID-19: Iceland passes additional tax relief measures

08 April, 2020

On 30 March 2020, the Icelandic parliament passed further two different legislative acts as relief measures in response to the COVID-19 pandemic. Accordingly, employers could have the right to postpone payment deadlines for social security tax and

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Qatar declares revised rate of late payment charge and compensation

07 April, 2020

On 30 March 2020, the Qatar Financial Centre (QFC) announced that the rate of late payment charge in respect of the late payment of tax referred to in Article 143 of the QFC Tax Regulations will be set at 0% from 1 March 2020 until 31 August 2020.

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Argentina: Tax authorities extend measures during COVID-19 pandemic

07 April, 2020

On 30 March 2020, the Government has officially published General Resolution 4690/2020 of 30 March 2020, which amends General Resolution 4667/2020 on the tax regularization scheme for small and medium enterprises (SMEs). It extends the deadline to

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Philippines: Finance Department announces tax relief measures due to COVID-19 pandemic

07 April, 2020

On 30 March 2020, the Department of Finance issued Revenue Regulations (RR) No. 7-2020 regarding tax relief measures amid COVID-19 pandemic. The key measures are given below: The deadline to file the 2019 annual income tax returns for all

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COVID-19: Norway announces new tax relief measures

07 April, 2020

On 28 March 2020, the Norwegian government has released new tax relief measures in response to coronavirus pandemic. Accordingly, the value-added tax (VAT) is further reduced from 8 per cent to 7 per cent from 1 April 2020 to 31 October 2020 for

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Kazakhstan: Tax relief measures due to COVID-19 pandemic

06 April, 2020

On 2 April 2020, the Government implemented some measures for coronavirus outbreak. These are: Corporate income tax Due to the COVID-19 outbreak, the submission of corporate income tax return is extended to 30 April 2020. Small and medium

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Romania: Up to 10% discount for advance payment of tax

06 April, 2020

On 26 March 2020, the Ministry of Finance of Romania announced that taxpayers who pay the corporate income tax for the first quarter of 2020 before 25 April 2020 will be entitled for tax reduction. This includes a 5% discount for large enterprises

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