Italy 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 MoreLuxembourg: Tax measures in response to COVID-19 pandemic
On 17 March 2020, Luxembourg Government published a press release regarding tax measures to support businesses and the self-employed in the face of the COVID-19 pandemic. These key measures include: Direct taxes As long as they are
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 MoreAlgeria: Tax Agency extends the e-filing deadline of corporate tax return
On 21 March 2020, the General Directorate of Taxes made an announcement that the deadline of corporate income tax return for February through online is extended to 28 March 2020 by using Form
See MoreOman: Tax authority introduces mandatory e-filing
On 10 March 2020, the tax authority of Oman announced that all taxpayers whose financial year ended on 31 December 2019, should submit their income tax returns and pay the due tax, if any, on the basis of specified forms as
See MoreCOVID-19: Lithuania extends tax-related compliance until 30 March 2020
The Lithuanian government and tax authorities announced certain tax-related relief measures in response to the coronavirus (COVID-19) pandemic. Regarding corporate income tax, the deadline for filing advance corporate income tax returns and
See MoreJamaica extends tax filing deadline due to COVID-19 pandemic
On 12 March 2020, Tax Administration Jamaica (TAJ) issued a press release extending the tax filing deadline due to COVID-19 pandemic. TAJ extends the income tax filing deadline from 15 March 2020 to Wednesday, 25 March 2020. This means that
See MoreChina extends tax filing deadline for March 2020
On 3 March 2020, the State Taxation Administration (SAT) of China issued Notice No. 37, that extended the tax filing deadline for March 2020, to 23 March 2020 from 16 March 2020, nationwide. The regions where are still in the top-level response to
See MoreUS: IRS offers guidance on ‘blended’ tax rates for corporations under the new tax reform law
On 16 April 2018, the Internal Revenue Service issued a notice that many U.S. corporations elect to use a fiscal year end instead of a calendar year end for federal income tax reporting purposes. Due to a provision in the recently enacted Tax Cuts
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