Venezuela: Government publishes a Resolution regarding the increase in tax value unit
On 13 March 2020, the government was published the Resolution SNAT/2020/00006 regarding the increase in tax value unit (TU) in the Official Gazette. In this Resolution, Venezuela has increased the tax unit from VES 50 to VES 1,500. The tax unit
See MoreBrazil: Senate approves Decree amid COVID-19 pandemic
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
See MoreSweden: Tax measures to mitigate the financial impact on COVID-19 outbreak
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
See MoreChina: Tax measures in response to COVID-19 pandemic
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
See MoreCOVID-19: Indonesia provides relaxation of import taxes for companies in the manufacturing sector
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
See MoreAustria: Finance Ministry publishes a Decree regarding tax relief due to COVID-19
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
See MoreBelgium: Tax measures amid COVID-19 pandemic
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
See MoreIreland: Revenue announces tax measures and guidance due to COVID-19 pandemic
On 13 March 2020, the Revenue announced tax measures and guidance for small and medium enterprises (SMEs), other than SMEs, employees, and the self-employed who may be affected by the coronavirus crisis. The guidance includes: Small and medium
See MorePuerto Rico extends tax filing deadlines due to COVID-19 outbreak
On 15 March 2020, Governor of Puerto Rico has issued Executive Order No OE-2020-023 ordering a lockdown in Puerto Rico. Pursuant to, Puerto Rico Treasury Department (PRTD) extended tax filing deadlines. PRTD has extended the due date for income
See MoreAustralia: Tax measures amid COVID-19 pandemic
On 12 March 2020, the Australian government announced a package of measures to assist the economy withstand and recover from the economic impact of COVID-19. The following measures will be administered by the Australian Taxation Office
See MoreAustralia: Supporting measures to assist those affected by COVID-19
The Australian Taxation Office (ATO) announced that it will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. ATO release options available to
See MoreRomania: Emergency tax measures amid COVID-19 outbreak
On 16 March 2020, the Ministry of Finance (MoF) of Romania declared several measures in response to the COVID-19 pandemic. The annual income tax return submission deadline is extended from 25 March 2020 to 25 April 2020 and there will be no
See MoreOman: Tax authority introduces mandatory e-filing
On 10 March 2020, the tax authority of Oman announced that all taxpayers whose financial year ended on 31 December 2019, should submit their income tax returns and pay the due tax, if any, on the basis of specified forms as
See MoreCOVID-19: Lithuania extends tax-related compliance until 30 March 2020
The Lithuanian government and tax authorities announced certain tax-related relief measures in response to the coronavirus (COVID-19) pandemic. Regarding corporate income tax, the deadline for filing advance corporate income tax returns and
See MoreUK: Finance Bill 2020 Published
On 19 March 2020 the UK introduced the Finance Bill 2020 into parliament. In addition to implementing the changes to rates and allowances included in the budget announcements the Bill introduces the digital services tax. The measures in the Finance
See MoreFrance: Government publishes special tax measures
On 13 March 2020, the government passed special tax measures to assist taxpayers affected by the coronavirus pandemic. These measures include: The filing deadline for the 2019 corporate income tax return returns of calendar year filers is
See MoreCzech Republic: Government approves measures to mitigate Coronavirus effect
On 16 March 2020, the Government approved the tax measures to mitigate the effects of COVID-19. Basic measures to be implemented are: No penalty and late-payment interest will apply, as long as the tax return is filed by 1 July 2020. In fact,
See MoreCroatia: Government proposes tax relief measures for coronavirus
On 17 March 2020, the government proposed some tax relief measures for the coronavirus epidemic. The measures are given below: Deferment of paying income tax or to arrange an instalment payment plan for their tax liabilities, social
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