North Macedonia: Exemption of advance profit tax payment extends to July 2020
North Macedonia has extended the exemption from advance tax to June and July 2020 for taxpayers in the fields of catering, tourism, and transport in response to Covid-19 pandemic. Primarily, the exemption was provided in respect of advance payments
See MoreItaly introduces tax payment deferral provision
On 27 June 2020, Italy has published the Decree in the Official Gazette regarding deferral payment for certain taxpayers not qualifying for deferrals under Law Decree No. 34 of 19 May 2020, the so-called "Relaunch Decree" in response to the
See MoreArgentina: AFIP amends new tax payment facility in response to COVID-19 pandemic
On 26 June 2020, the Federal Administration of Public Revenue (AFIP) published General Resolution 4742/2020 of 25 June 2020, which amends General Resolution 4718/2020 of 15 May 2020. This new Resolution extends the deadline to apply for the payment
See MoreGreece: Finance Ministry announces COVID-19 relief measures for July to September 2020
On 3 July 2020, the Finance Ministry and the Ministry of Labor & Social Affairs announced the progress of additional measures to support employees and companies for the period July to September 2020. The relief measures include: Granting of
See MoreSaudi Arabia: GAZT invites taxpayers to submit withholding tax returns for March and June
On 5 July 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued its decision for the taxpayers subject to withholding tax to submit their tax returns for the month of June, as well as for the month of March for the
See MoreDominican Republic: DGII announces further extension of the tax filing deadlines obligations
On 21 June 2020, the Directorate General of Internal Revenue (DGII) announced to extend the submission deadlines of tax return of both legal entities and individual until 29 July 2020 for the fiscal year closed 31 December 2019. Similarly, the DGII
See MoreRomania introduces interest and penalties relief amid Covid-19 pandemic
On 16 June 2020, the Ministry of Finance (MoF) has declared that the government has extended interest and penalties relief to 25 October 2020 on tax obligations that have become due after 21 March 2020 and on late payments of tax under the tax
See MoreGreece: Finance Ministry announces to extend the deadline of income tax return for 2019
On 18 June 2020, the Ministry of Finance announced that the deadline of income tax return 2019 is to be extended until 29 July 2020 for both individuals and legal entities. The extension was deemed necessary in order to make it easier for all
See MoreKenya: National Budget for FY 2020/21
On 11 June 2020, the Cabinet Secretary for the National Treasury and Planning, Mr. Ukur Yatani Kanacho delivered the 2020/21 Budget to the National Assembly. The summary of proposed tax measures are following: Income Tax Measures Raised
See MorePeru: SUNAT modifies tax filing deadline again amid COVID-19 pandemic
On 29 May 2020, the Peruvian tax authorities (SUNAT) issued Resolution No. 099-2020/SUNAT in the Official Gazette modifying previous Resolution No. 055-2020/SUNAT and 065-2020/SUNAT in response to COVID-19 pandemic. The Resolution further extends
See MoreCzech Republic: Finance Ministry announces liberation package III due to COVID-19 pandemic
On 9 June 2020, the Ministry of Finance announced on its website that the so-called next liberation package III has been approved to extend and extend certain tax exemptions, tax accessories and administrative fees due to an emergency caused by
See MoreBrazil: Government extends the installment terms of tax deadlines for small business
On 18 May 2020, the Ministry of Economy published a Resolution No. 155 of 15 May 2020 to extend the deadlines for tax installments due in May, June, and July 2020 within the scope of the simplified (Simples Nacional) regime up to the last business
See MoreColombia reduces advance of income tax for 2020 amid COVID-19 pandemic
On 29 May 2020, the Colombian Ministry of Finance and Public Credit has published Decree 766, through which it reduces the advance payment to be made by income taxpayers in the year 2020, as a consequence of the emergency generated by
See MoreFrance: Government postpones several payment of tax due to COVID-19 pandemic
On 29 May 2020, the Government made an announcement regarding an extension of the deadlines from 15 June 2020 to 30 June 2020 for the payment of corporate tax (IS) and contribution on added value (CVAE) installments due to
See MoreColombia extends annual financial statements filing deadline again amid COVID-19
On 26 May 2020, Colombia has issued Circular Letter 100-000010 extending the deadlines for filing financial statements for the year 2019 due to COVID-19 pandemic. The deadline for companies (including branches of foreign companies) for filing
See MoreNetherlands introduces emergency package 2.0 in response to COVID-19 pandemic
On 20 May 2020, the government of the Netherlands further announced relief measures (emergency package 2.0) in response to COVID-19 pandemic. The key issues of extended and new measures in “emergency package 2.0” is following: The
See MoreColombia extends payment deadline for MSMEs amid COVID-19 pandemic
On 13 May 2020, the Colombian Ministry of Finance and Public Credit has published Decree 655 by which the payment of the second installment of income tax has been extended until November 2020 for micro, small and medium-sized enterprises (MSMEs)
See MoreEthiopia: Council of Ministers adopts economic measures due to COVID-19 pandemic
On 26 April 2020, the Council of Ministers of Ethiopia has adopted a number of economic measures in response to coronavirus outbreak. Following the decision of the Council of Ministers, the Ministry of Finance has issued Directive No.64/2020
See More