COVID-19: Hong Kong extends tax deadlines
On 4 April 2020, Inland Revenue Department announced that in view of the latest situation of COVID-19, deadlines for tax payments and lodgement of objections and holdover applications as well as submission of tax returns and information that fall
See MoreEgypt extends tax return filing deadline for individuals amid COVID-19 pandemic
On 23 March 2020, the Egyptian Tax Authority has issued a press release extending tax return filing deadline for individual amid COVID-19 pandemic. Tax Authority extends the period of submitting tax returns from 31 March 2020 to April 16 for
See MoreKenya: President announces tax relief measures in response to COVID-19 pandemic
On 25 March 2020, the Kenyan president Uhuru Kenyatta outlined tax proposals intended to provide the following tax relief measures regarding the coronavirus (COVID-19) pandemic. A reduction in corporate tax for companies from 30% to 25%. It is
See MoreCOVID-19: Norway announces new tax relief measures
On 28 March 2020, the Norwegian government has released new tax relief measures in response to coronavirus pandemic. Accordingly, the value-added tax (VAT) is further reduced from 8 per cent to 7 per cent from 1 April 2020 to 31 October 2020 for
See MoreVenezuela: Tax measures in response to COVID-19 pandemic
On 2 April 2020, the Government officially published Decree 4171, which enters into force on the similar day of its publication. The Decree contains: An income tax exemption for the domestic-source income derived by certain resident individuals
See MoreKazakhstan: Tax relief measures due to COVID-19 pandemic
On 2 April 2020, the Government implemented some measures for coronavirus outbreak. These are: Corporate income tax Due to the COVID-19 outbreak, the submission of corporate income tax return is extended to 30 April 2020. Small and medium
See MoreAlgeria: 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 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 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 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 MoreCOVID-19: US passes Coronavirus Aid, Relief, and Economic Security (CARES) Act
On 19 March 2020, the US Senate Finance Committee submitted proposals for the third round of legislative measures in response to the economic impact of the coronavirus disease (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security
See MoreIsrael: Tax measures amid COVID-19 outbreak
On 22 March 2020, the Israel Tax Authority (ITA) has declared several tax measures in response to the COVID-19 pandemic. The tax Authority extended the corporate income tax return submission deadline for the fiscal year 2019 to 30 July 2020 and
See MoreHong Kong: IRD announces an arrangement for the issuance of tax returns for 2019-20
On 30 March 2020, the Inland Revenue Department announced an arrangement for the issuance of tax returns for the year of assessment 2019-20. Accordingly, IRD will issue property tax returns and employer's returns for the year of assessment 2019-20
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 MoreSouth Africa: President announces tax relief measures amid COVID-19
On 23 March 2020, the President, Ramaphosa, made the announcement about some tax relief measures in response to the coronavirus pandemic. Some of the key measures are given below: Using the tax system, the government will provide a tax subsidy
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