Algeria: DGT issued a communiqué regarding further tax measures for COVID-19
On 2 April 2020, the Directorate General of Taxes (DGT) issued a communiqué related to the further extension of deadline of income tax return and income tax payments. According to this communiqué, the following measures are provided: Corporate
See MoreRomania: Up to 10% discount for advance payment of tax
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
See MoreCOVID-19: Cyprus extends the deadline for submitting income tax returns
On 30 March 2020, the Cyprus tax department published an announcement to extend the corporate and personal income tax return deadlines in response to the coronavirus (COVID-19) pandemic. A two-month extension to the filing deadline for income tax
See MoreOECD: Overview of tax measures to combat the coronavirus pandemic
On 1 April 2020 the OECD published on its website detailed information on measures taken by countries to help businesses and individuals during the coronavirus crisis. Measures to help business case flow These include tax administration
See MoreGhana announces emergency tax measures in response to COVID-19 outbreak
On 30 March 2020, Mr. Ken Ofori-Atta, the Minister for Finance and Economic Planning of Ghana presented to the Parliament several proposals to mitigate the economic impact of COVID-19, as follows: Income tax return filing deadline will be
See MoreWorld Tax Brief: April 2020
GuatemalaFiling return: SAT has extended the 31 March 2020 tax filing deadline to 15 April 2020 that corresponds to the fiscal year 2019 for companies, the 2019 transfer pricing information return annex, and the February 2020 value added tax
See MoreBolivia: Revenue Authority issues Resolution regarding tax filing deadline extension
On 28 March 2020, the Revenue Authority issued an Administrative Resolution N° 1020000000061 of 27 March 2020 regarding tax deadline extensions due to coronavirus outbreak. This contains: The deadline for the submission of corporate income tax
See MoreCanada: Government extends deadline for filing income tax return and payments
On 18 March 2020, the Prime Minister and the Finance Minister announced some tax relief measures due to COVID-19 outbreak: The federal corporate tax return deadline is extended to 1 June 2020. The filing deadline extensions have also been
See MoreAustria: Government publishes a decree to update the information during COVID-9
On 24 March 2020, the Government published a Decree, which replaces the previous Decree published on 14 March 2020. Under the new Decree, the following changes are included: Corporate income tax According to the Decree, a reduction of CIT
See MoreBulgaria: Government implements tax measures due to coronavirus outbreak
On 24 March 2020, the Measures and Actions During State of Emergency Act was enacted in Bulgaria, which introduces temporary tax measures due to COVID-19 pandemic. Corporate income tax According to the Act, the filing deadline of the annual
See MoreCOVID-19: Georgia announces tax relief measures due to coronavirus
On 23 March 2020, Georgian government has announced following tax relief measures due to coronavirus pandemic. Business entities connected with the tourism industry have had four months of property and income tax payment deferred until 1
See MoreCanada: CRA updates on administrative income tax measures due to COVID-19 pandemic
On 26 March 2020, the Canada Revenue Agency made an announcement that in addition to the income tax filing and payment deadline extensions announced as part of the fiscal measures, both companies and individuals may defer a number of other
See MorePeru updates tax filing deadlines due to COVID-19 outbreak
On 24 March 2020, the Peruvian Tax Administration (SUNAT) has issued Resolution 061-2020/SUNAT on its website amending tax filing deadlines due to COVID-19 outbreak. SUNAT has extended the annual income tax filing and payment deadline for the 2019
See MorePuerto Rico: Additional tax filing deadlines due to COVID-19 outbreak
On 24 March 2020, Puerto Rico Treasury Department (PRTD) Administrative Determination No. 20-09 (AD 20-09) and Administrative Determination No. 20-10 (AD 20-10) extending the filing dates for tax returns and for tax payments due to the
See MoreUruguay extends compliance due dates amid COVID-19 pandemic
On 20 March 2020, the tax authority of Uruguay issued Resolution No. 550 in response to mitigate the economic impact of COVID-19. The Resolution declares extension of due date for tax obligations, as follows: the deadline for the payment of tax
See MoreSouth Korea: Tax measures due to COVID-19 pandemic
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
See MoreThailand: Summary of tax measures to counter COVID-19 outbreak
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
See MoreSingapore: Supportive tax measures in response to COVID-19 pandemic
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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