COVID-19: Iceland passes additional tax relief measures
On 30 March 2020, the Icelandic parliament passed further two different legislative acts as relief measures in response to the COVID-19 pandemic. Accordingly, employers could have the right to postpone payment deadlines for social security tax and
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 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 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 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
See MoreSwitzerland: Tax measures in response to the economic impact of COVID-19 outbreak
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
See MoreColombia extends further tax filing deadlines due to COVID-19 outbreak
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
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 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 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 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
See MorePortugal: Emergency tax measures amid COVID-19 outbreak
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
See MoreNetherlands: Tax measures in response to COVID-19 pandemic
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
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 More