COVID-19: Malaysia extends income tax filing deadline
The Malaysian Inland Revenue Board issued a series of releases 20-25 March 2020 that provides tax relief measures including postponed tax filing deadlines. Under this, taxpayers have been granted an extension of time two-month grace period to
See MoreCOVID-19: Latvia announces tax relief measures to support businesses
On 20 March 2020, the Latvian Parliament passed a special law on support measures related to the COVID-19 pandemic. The law took effect retrospectively on March 12, 2020, when a state of emergency was declared in Latvia. Companies on a state-
See MoreNigeria: FIRS announces tax relief measures during COVID-19 pandemic
On 23 March 2020, the Federal Inland Revenue Service (FIRS) announced tax relief measures due to coronavirus (COVID-19) pandemic. The key measures are: the extension of the deadline for the filing of personal income tax returns by 3 months from
See MoreCOVID-19: Poland extends income tax filing deadline until 31 May 2020
On 25 March 2020, the Ministry of Finance announced that the deadlines for submitting CIT-8 returns by corporate taxpayers and paying the corporate tax due for 2019 for all taxpayers are extended until 31 May 2020. For taxpayers that have only
See MoreCOVID-19: Hungary announces tax relief measures in response to coronavirus
On 23 March 2020, the Government of Hungary has announced the implementation of new tax relief measures to curb the negative effects of COVID-19 crisis on the Hungarian economy. Small business sectors grant tax exemption from the obligation to
See MoreBosnia and Herzegovina: Government declares emergency tax measures due to COVID-19 pandemic
On 27 March 2020, the government of the Republic of Srpska officially announced some essential tax measures during coronavirus pandemic period. The measure contains deferral of the corporate income tax returns or payments until 30 June 2020. Also,
See MoreCOVID-19: Hong Kong announces CbCR notification deadline in response to coronavirus
On 27 March 2020, the Inland Revenue Department announced CbCR notification deadline in response to COVID-19. Under section 58H of the Inland Revenue Ordinance (Cap. 112), a Hong Kong entity of a reportable group is required to file a notification
See MoreCOVID-19: India announces tax relief measures due to coronavirus
On 24 March 2020, the Finance Minister Nirmala Sitharaman announced some tax measures that include tax relief in response to the coronavirus (COVID-19) pandemic. The extension of income tax return deadline for the 2018-2019 tax year to 30 June
See MoreUS: IRS extends federal income tax filing deadline from 15 April to 15 July 2020
On 21 March 2020, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments
See MoreCOVID-19: Serbia provides new interest rate for underpayments or overpayments of tax
On 20 March 2020, Serbia published a decree No.38/2020 that includes tax relief measures to mitigate the economic consequences of the coronavirus (COVID-19) pandemic. The decree provides for a reduction in the default interest rate for underpaid or
See MoreCOVID-19: Spain announces several tax measures
Spain has introduced following tax relief measures in response to the COVID-19 pandemic. The filing of tax returns, or pleas, derived from tax proceedings, is extended to 1 June 2020 (provided that the filing by electronic means is not
See MoreCroatia: Some new provisions of the Regulations enters into force
On 24 March 2020, some new provisions of the Regulations to the General Tax Law, entered into force. This includes: Deferral of payment of tax liabilities due without charging penalty interest for a period of three months from the due date, with
See MoreTaiwan: Tax measures due to COVID-19 pandemic
On 25 February 2020, Taiwan’s Ministry of Finance (MOF) has issued several tax measures due to the outbreak of COVID-19. The main measures include the following: Taxpayers who are affected by a COVID-19 and are unable to pay their tax
See MoreGreece: Finance Ministry announces some measures amid COVID-19 pandemic
On 24 March 2020, the Finance Ministry, Christos Staikouras, announced some measures for trying to assist people in the coronavirus pandemic. The key measures are given below: VAT payment is to be suspended for four months.Labor Minister states
See MoreSaudi Arabia: Tax measures due to COVID-19 pandemic
On 20 March 2020, the Ministry of Finance of Saudi Arabia issued a statement on its website regarding postponement of Zakat returns filing, paying taxes among other procedures for the fiscal year 2019 in response to COVID-19. Main measures of the
See MoreItaly enacts Decree in response to COVID-19 outbreak
On 17 March 2020, the Decree No.18 was published in the Official Gazette and entered into force immediately. The Decree introduces several measures in response to COVID-19 outbreak. The key measures are following: Payments of taxes and
See MoreLuxembourg: Tax measures in response to COVID-19 pandemic
On 17 March 2020, Luxembourg Government published a press release regarding tax measures to support businesses and the self-employed in the face of the COVID-19 pandemic. These key measures include: Direct taxes As long as they are
See MoreRussia announces tax measures amid COVID-19 pandemic
On 17 March 2020, the Ministry of Finance (MoF) of Russia announced several tax measures in response to the COVID-19 pandemic. The key tax measures are following: Extended tax payments deadline to 3 months for enterprises of tourism
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