Portugal: Emergency tax measures amid COVID-19 outbreak

24 March, 2020

On 9 March 2020, the Government of Portugal issued Order no. 104/2020-XXII to introduce several tax measures in response to the COVID-19 pandemic. The key tax measures are following: Extended the deadline for first installment of special payment

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COVID-19: Germany releases a decree on tax relief measure

24 March, 2020

On 19 March 2020, the Federal Ministry of Finance (BMF) published a decree on the tax measures in response to the coronavirus (COVID-19) pandemic. Taxpayers who can demonstrate that they are directly and significantly affected by the coronavirus

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COVID-19: Costa Rica eliminates partial payments of corporate income tax

24 March, 2020

On 20 March 2020, the National Assembly approved a bill to address the fiscal impact of coronavirus (COVID-19) in Costa Rica. Under the bill, taxpayers would not be required to make advance payments of income tax during the months of April, May,

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Bolivia: Government issues guide to provide tax relief during coronavirus pandemic

24 March, 2020

On 18 March 2020, the Government issued Supreme Decree No. 4198 for providing tax relief during the COVID-19 outbreak. The measures include the following: The due date for corporate tax payment for the year ending 31 December 2019 is to be

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Chile: President announces tax measures due to COVID-19

24 March, 2020

On 19 March 2020, the President, Sebastián Piñera, announced tax measures due to the economic impact of the global Covid-19 pandemic. The tax measures include: The monthly provisional payments of corporate income tax is to be suspended for the

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Dominican Republic: Tax Authority implements tax reliefs due to coronavirus outbreak

24 March, 2020

On 23 March 2020, the Tax Authority (DGII) implemented tax measures for providing tax relief during the COVID-19 outbreak. This includes: Due date for submitting and paying obligations regarding income tax and the simplified tax regime is to be

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Colombia extends tax filing deadlines due to COVID-19 outbreak

23 March, 2020

On 13 March 2020, the Colombian Ministry of Finance and Public Credit has published Decree 401 by extending a number of tax filing and payment deadlines due to COVID-19 outbreak. Among the main provisions of the Decree are: The deadlines for the

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Slovak Republic: Tax relief in response to COVID-19 pandemic

23 March, 2020

On 18 March 2020, the Government of Slovak Republic approved a draft regulation for the cancelation of the penalty for underpayments of income tax and extends the deadline for the filing of income tax returns. There are also provisions to delay the

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Bangladesh: NBR exempts import duty and taxes on emergency medical items

23 March, 2020

On 22 March 2020, the National Board of Revenue (NBR) issued an SRO and declared that the government has waived the import duty and taxes on 12 medical items in response to Covid-19 pandemic. It waived the full import duty, regulatory duty,

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Peru extends tax filing deadlines due to COVID-19 outbreak

23 March, 2020

On 16 March 2020, the Peruvian Tax Administration (SUNAT) has issued Resolution 055-2020/SUNAT on its website regarding tax measures due to COVID-19 outbreak. Through the Resolution, SUNAT has extended the annual income tax filing and payment

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Netherlands: Tax measures in response to COVID-19 pandemic

23 March, 2020

On 12 March 2020, the Dutch government announced several measures to support the business community in response to the Coronavirus (COVID-19). These key measures include: Deferral of payment The Dutch government has declared that the tax

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Brazil: Senate approves Decree amid COVID-19 pandemic

23 March, 2020

On 20 March 2020, the Senate approved a presidential decree declaring a national emergency over the coronavirus epidemic. According to that Decree, the federal taxes payments for companies under the Small Companies Tax Regime (Simples Nacional) are

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Sweden: Tax measures to mitigate the financial impact on COVID-19 outbreak

23 March, 2020

On 16 March 2020, the Swedish Government presented additional measures to mitigate the financial impact of the COVID-19 outbreak. The crisis package presented, can depending on how the situation develops, encompass more than SEK 300 billion if

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China: Tax measures in response to COVID-19 pandemic

23 March, 2020

Since the outbreak of COVID-19, the State Taxation Administration of China (STA) has implemented the decisions to adopt a series of measures in response to the epidemic and boost economic and social development. Following key measures are initiated

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COVID-19: Indonesia provides relaxation of import taxes for companies in the manufacturing sector

23 March, 2020

On 13 March 2020, the Indonesian Ministry of Finance has made fiscal policy volume 2 to mitigate the negative impact of the coronavirus on the economy. Under this, a six-month income tax exemption is introduced starting in April for manufacturing

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Austria: Finance Ministry publishes a Decree regarding tax relief due to COVID-19

23 March, 2020

On 14 March 2020, the Finance Ministry published a Decree regarding the support for companies during the period of coronavirus effect. Finance Ministry also published a Form by which businesses can apply for tax relief in this situation. The tax

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Belgium: Tax measures amid COVID-19 pandemic

23 March, 2020

On 18 March 2020, Belgian Ministry of Finance (MoF) has published support measures in response to the coronavirus (COVID-19) pandemic. The tax measures includes several tax relief related to corporate income tax, personal income tax, value added

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Denmark: Government announces a package of tax measures due to COVID-19 impact

23 March, 2020

On 10 March 2020, the Government announced some tax measures to assist companies in situation of Coronavirus impact. These are given below: Companies with supplies more DKK 50 million are subject to monthly VAT payment. But the

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