Taiwan: MOF extends tax return deadline due to COVID-19
On 13 April 2020, Taiwan’s Ministry of Finance (MOF) has extended tax filing and payment deadlines for corporate income tax and individual income tax amid COVID-19 pandemic. The main measures are as following: Corporate income tax original due
See MoreCOVID-19: Finland extends the deadline for corporate tax returns by one month
On 9 April 2020, the Finnish tax administration announced an extension of filing deadline for corporate tax returns by one month due to coronavirus outbreak. Corporate entities and benefits under joint administration whose accounting period ended
See MoreCOVID-19: US IRS extends additional key tax deadlines for certain individuals and businesses
On 9 April 2020, the Department of Treasury and the Internal Revenue Service published a notice that extends additional key tax deadlines for individuals and businesses. In March 2020, the IRS announced that taxpayers generally have until July
See MoreBrazil: Latest status of tax relief measures in response to COVID-19 pandemic
On 3 April 2020, the Government published Resolution No. 154 of 3 April 2020 in the Official Gazette, which extends the payments deadlines for taxes and social security contributions for taxpayers under the Simples Nacional regime due to
See MoreColombia: Additional tax deadline extensions due to COVID-19 pandemic
On 6 April 2020, Colombia has published Decree 520 regarding the dates for the presentation and payment of the income tax declaration and complementary tax year 2019, of large taxpayers and legal entities, as well as the dates for the
See MoreSlovenia: Tax measures due to COVID 19 pandemic
On 2 April 2020, The Slovenian Parliament has approved an Act as a consequence of the epidemic of an infectious disease COVID-19. The Act contains several tax measures to mitigate the financial impact of the present circumstance. The main tax
See MoreDenmark: Ministry of Taxation extends all filing deadlines, including transfer pricing documentation
On 31 March 2020, the Ministry of Taxation announced that all the deadlines of tax filing for the 2019 income year and transfer pricing documentation is postponed until 1 September 2020. Employees with an annual tax assessment due date of 1 May
See MoreThailand extends tax returns filing deadlines in response to COVID-19 pandemic
The Ministry of Finance of Thailand has launched three Notifications to extend filing tax returns and submitting payments according to the Cabinet Resolution on 24 March 2020. This is to help people and entrepreneurs to increase liquidity referring
See MorePanama extends suspension of administrative appeals proceedings amid COVID-19 pandemic
The tax authority of Panama published Resolution No. 201-2353 of 2020, amending Resolution No. 201- 2270 of 2020 to extend the suspension of administrative appeals proceedings until the emergency is lifted due to the COVID-19 outbreak. Previously
See MoreCOVID-19: Indonesia publishes further guidance in response to coronavirus outbreak
On 31 March 2020, Indonesia President signed the Government Regulation No. 1 for 2020 (PERPPU-1) in handling COVID-19 outbreak. The regulation includes the following tax measures. The CIT rate is reduced from 25% to 22% for tax years 2020
See MoreAzerbaijan: Tax measures due to COVID-19 outbreak
On 29 March 2020, the Azerbaijan Ministry of Economy issues press release clarifying deadlines for submission of tax returns and other measures due to COVID-19 outbreak. According to a decree of 25 March 2020, the period from 29 March to 3 April
See MoreArgentina: Government announces further extension of transfer pricing return deadline (COVID-19)
On 31 March 2020, the Government officially published General Resolution 4689/2020 of 30 March 2020, which provides a further extension of the extended timeline to transfer pricing filing returns forms (Form 741, Form 743, Form 867 and Form 4501)
See MoreOman: Emergency tax measures amid COVID-19 outbreak
On 31 March 2020, an announcement was made by the Oman Tax Authority declaring emergency tax relief measures in response to COVID-19 outbreak. The Tax Authority announces the following measures: In the event that statements are not submitted in
See MoreCOVID-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 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 MorePhilippines: Finance Department announces tax relief measures due to COVID-19 pandemic
On 30 March 2020, the Department of Finance issued Revenue Regulations (RR) No. 7-2020 regarding tax relief measures amid COVID-19 pandemic. The key measures are given below: The deadline to file the 2019 annual income tax returns for all
See MoreNigeria: Tax authority launches an e-filing portal for TP documents and forms
The Federal Inland Revenue Service (FIRS) has recently announced an electronic portal, which permit taxpayers to complete and submit the transfer pricing declaration and disclosure forms, country-by-country (CbC) reports and CbC notification forms
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
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