Turkey: Tax measures due to COVID-19 pandemic

31 March, 2020

On 18 March 2020, Turkey unveiled tax measures to help businesses and individuals during the COVID-19 pandemic. Main measures in relation to tax obligations are: A six-month deferral of tax payments for value added tax (VAT) and

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South Korea: Tax measures due to COVID-19 pandemic

31 March, 2020

On 17 March 2020, the Korean Ministry of Economy and Finance has announced a corporate income tax exemption for small and medium enterprises (SMEs) located in specific areas (Daegu, Gyeongsan, Bonghwa, and Cheongdo). Before that, on 28 February

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Thailand: Summary of tax measures to counter COVID-19 outbreak

31 March, 2020

On 24 March 2020, the Cabinet of Thailand approved a new tax measures following the announcement of the stimulus package on 10 March 2020 in response to COVID-19 outbreak. The summary of a series of tax measures are following: Corporate

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Singapore: Supportive tax measures in response to COVID-19 pandemic

31 March, 2020

On 26 March 2020, the Inland Revenue Authority of Singapore (IRAS) has declared a series of support measures for taxpayers in response to COVID-19 pandemic. I. Support for Companies All companies with Corporate Income Tax (CIT) payments due

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COVID-19: US passes Coronavirus Aid, Relief, and Economic Security (CARES) Act

31 March, 2020

On 19 March 2020, the US Senate Finance Committee submitted proposals for the third round of legislative measures in response to the economic impact of the coronavirus disease (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security

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Israel: Tax measures amid COVID-19 outbreak

31 March, 2020

On 22 March 2020, the Israel Tax Authority (ITA) has declared several tax measures in response to the COVID-19 pandemic. The tax Authority extended the corporate income tax return submission deadline for the fiscal year 2019 to 30 July 2020 and

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Switzerland: Tax measures in response to the economic impact of COVID-19 outbreak

31 March, 2020

On 20 March 2020, the Federal Council of Switzerland has approved several tax measures to mitigate the economic impact of COVID-19 outbreak, as follows: Enterprises are allowed to postpone tax, VAT, certain customs duties and special consumption

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Panama: Emergency tax measures amid COVID-19 outbreak

31 March, 2020

A Decree No. 251 of 24 March 2020 has published in the official gazette in response to COVID-19 pandemic. The Decree extended the income tax return submission deadline for the fiscal year 2019, until 30 May 2020. The tax amnesty related relief

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Pakistan: Emergency tax measures in response to COVID-19 pandemic

31 March, 2020

On 24 March 2020, the Federal Board of Revenue (FBR) of Pakistan has declared emergency tax measures in response to COVID-19 pandemic. The key tax measures are following: The sales tax return submission deadline for January and February 2020 is

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Qatar extends tax return filing due date amid COVID-19 outbreak

31 March, 2020

On 12 March 2020, The General Tax Authority (GTA) of Qatar has issued Circular No.5 of March 2020 in response to the COVID-19 pandemic, providing a two-month extension of the due date for filing income tax returns from 30 April until 30 June 2020

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Argentina: Government announces tax measures in response to COVID-19 pandemic

31 March, 2020

The government has recently announced tax measures amid coronavirus outbreak. These measures are given below: Measures have been aimed at encouraging bank lending through (i) lower reserve requirements on bank lending to households and SMEs;

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Guatemala: Tax measures due to COVID-19 pandemic

30 March, 2020

On 24 March 2020, the Guatemala tax authority (SAT) has published Superintendence Resolution Number SAT-DSI-280-2020 extending tax return deadline due to COVID-19 pandemic. SAT has extended the income tax return the 31 March 2020 tax filing

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Estonia suspends interests on tax arrears due to COVID-19 outbreak

30 March, 2020

On 19 March 2020, Estonia tax authority has suspended the calculation of interests on their tax arrears for the period of emergency with retroactive effect as from 1 March 2020 to 1 May 2020. However, all tax returns must be submitted on time

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Colombia extends further tax filing deadlines due to COVID-19 outbreak

30 March, 2020

On 19 March 2020, the Colombian Ministry of Finance and Public Credit has published Decree 435 regarding new deadlines for the presentation of tax obligations for other taxpayers not contained in Decree 401 of 13 March 2020. Among the main

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Algeria: Directorate General of Taxes extends tax return and payment due dates during COVID-19

30 March, 2020

On 26 March 2020, the Directorate General of Taxes announced an extension of the deadline for the submission of tax return and tax payment due to the coronavirus pandemic. Under the provision, the due date of corporate and individual income tax

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South Africa: President announces tax relief measures amid COVID-19

30 March, 2020

On 23 March 2020, the President, Ramaphosa, made the announcement about some tax relief measures in response to the coronavirus pandemic. Some of the key measures are given below: Using the tax system, the government will provide a tax subsidy

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El Salvador publishes tax relief measures in response to COVID-19 pandemic

30 March, 2020

The government of El Salvador approved a number of special and temporary tax and other tax and other laws between 14 March and 21 March 2020 as part of the measures in response to the Coronavirus (COVID-19) pandemic. The measures include an

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Ecuador: President announces tax relief measures during COVID-19 pandemic

30 March, 2020

On 27 March 2020, the President announced a series of measures due to coronavirus outbreak. The key measures are given below: Payment of corporate income tax for fiscal year 2019 for the months of April, May, and June 2020 can be deferred and

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