Romania publishes further tax relief measures for Covid-19 outbreak
On 30 December 2020, Romania has published Ordinance No. 226 in the Official Gazette with following measures in response to the Covid-19 outbreak: The extension of the deadline to 31 March 2021 for companies affected by Covid-19 to apply for
See MoreSerbia publishes decree providing defer payment of taxes and contributions
On 25 December 2020, the Decree of Serbia No.156 was published in the Official gazette providing guidance concerning the method for paying amounts of taxes deferred in response to coronavirus (COVID-19) pandemic. Accordingly, whole amount of
See MorePapua New Guinea: Department of Treasury publishes taxation bills for 2021
With a theme of “Consolidation for Growth”, on 17 November 2020, the government of Papua New Guinea has presented Budget 2021 that focuses on fiscal consolidation and stimulating economic growth with the aim of rebuilding the living standards
See MoreLithuania announces tax relief measures concerning second wave (COVID-19)
On 7 November 2020, the Lithuanian government ordered a “lockdown” in response to the “second wave” of coronavirus (COVID-19) cases. There are also tax relief measures in response to the coronavirus (COVID-19) pandemic in terms of tax
See MoreRomania introduces installment option for unpaid tax in response to Covid-19 outbreak
On 4 October 2020, the Ministry of Finance of Romania declared a tax payment installment option for companies that have been affected by the Covid-19 pandemic and have unpaid tax liabilities that arose after 16 March 2020. The installment option
See MoreArgentina: AFIP amends tax regularization scheme to support all taxpayers
On 26 August 2020, the Federal Administration of Public Revenue (AFIP) Officially published Law 27562, which amends the tax regularization scheme and made this available for all taxpayers amid COVID-19 pandemic. The scheme was previously
See MoreHong Kong: Tax relief measures for taxpayers facing difficulties in setting tax bills
On 12 August 2020, the Hong Kong Inland Revenue Department announced that taxpayers who encounter financial difficulties in settling their tax bills on time may apply to the Inland Revenue Department (IRD) for payment of tax by instalments before
See MoreOman declares further tax relief measures
On 8 July 2020, the tax authority reportedly announced additional relief measures in response to the Covid-19 pandemic. The announcement contains a suspension of the additional tax due on late payments for the 2019 financial year until 30 September
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 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 MoreRomania introduces 10% discount provision on quarterly tax payments
On 15 May 2020, Romania has published Law No. 54 in the official gazette no. 396, which provides a discount provision on corporate income tax due for the 2nd and 3rd quarters of 2020 in response to the COVID-19 pandemic. This provision
See MoreGuatemala: SAT provides tax payment procedures amid COVID-19 pandemic
Recently, the Guatemala tax authority (SAT) has provided tax payment procedures for individual and corporate taxpayers in response to COVID 19 pandemic. Taxpayers will download form SAT-821; send to the corresponding email, according to their
See MoreCOVID-19: Myanmar announces tax relief plan
On 27 April 2020, the Myanmar Government published its COVID-19 Economic Relief Plan in response to the coronavirus outbreak. The relief package includes the following tax relief measures. Defer Corporate Income Tax (Q2 payments expiring on 31
See MoreFrance: Tax authority announces exceptional measures to support businesses during COVID-19
On 6 April 2020, the French tax authorities announced exceptional tax measures in response to coronavirus outbreak. These are: The corporate income tax installment payment of March 15 could be delayed until 15 June for all companies. Companies
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 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 MorePakistan: Emergency tax measures in response to COVID-19 pandemic
On 24 March 2020, the Federal Board of Revenue (FBR) of Pakistan has declared emergency tax measures in response to COVID-19 pandemic. The key tax measures are following: The sales tax return submission deadline for January and February 2020 is
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
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