France: 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 MoreCzech Republic: Finance Ministry announces latest updates in response to COVID-19 outbreak
On 14 April 2020, the Finance Ministry has made announcement about some measures related to VAT. The measures are given below: The penalty of amount CZK 1,000 applies in case of fail to file a control statement during the period lies from 1
See MoreGreece: Measures regarding VAT in response to COVID-19 pandemic
On 13 April 2020, the Minister of Finance and the Commander of the Independent Public Revenue Authority officially published an Act, FEK A' 84/13-04-2020. Article 3 of this Act includes that companies affected by the coronavirus outbreak can offset
See MoreCroatia: New provisions of tax relief measure during COVID-19 pandemic
On 8 April 2020, the Ministry of Finance Officially published an Ordinance regarding deadlines for submission of financial statements and accounting documentation amid COVID-19 pandemic. This Ordinance came into force from 9 April 2020. The
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 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 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 MoreEcuador: President announces tax relief measures during COVID-19 pandemic
On 27 March 2020, the President announced a series of measures due to coronavirus outbreak. The key measures are given below: Payment of corporate income tax for fiscal year 2019 for the months of April, May, and June 2020 can be deferred and
See MoreNigeria: FIRS announces tax relief measures during COVID-19 pandemic
On 23 March 2020, the Federal Inland Revenue Service (FIRS) announced tax relief measures due to coronavirus (COVID-19) pandemic. The key measures are: the extension of the deadline for the filing of personal income tax returns by 3 months from
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
See MoreGreece: Finance Ministry announces some measures amid COVID-19 pandemic
On 24 March 2020, the Finance Ministry, Christos Staikouras, announced some measures for trying to assist people in the coronavirus pandemic. The key measures are given below: VAT payment is to be suspended for four months.Labor Minister states
See MoreChile: President announces tax measures due to COVID-19
On 19 March 2020, the President, Sebastián Piñera, announced tax measures due to the economic impact of the global Covid-19 pandemic. The tax measures include: The monthly provisional payments of corporate income tax is to be suspended for the
See MoreDenmark: Government announces a package of tax measures due to COVID-19 impact
On 10 March 2020, the Government announced some tax measures to assist companies in situation of Coronavirus impact. These are given below: Companies with supplies more DKK 50 million are subject to monthly VAT payment. But the
See MoreUK: Further measures to help individuals and businesses
On 20 March 2020 the UK government announced a further package of measures in response to the health crisis. These are in addition to the measures already announced on 17 March. Coronavirus Job Retention Scheme Employers will be able to apply
See MoreIMF Recommends Further Tax Reform in Tanzania
The IMF issued a report on 5 March 2020 following consultations under Article IV of the IMF’s articles of agreement. The report notes that Tanzania currently has economic growth of around 6%, with adequate reserves and manageable pubic debt
See MoreNigeria: President signs Finance Bill 2019 into Law
On 13 January 2020, the President, Muhammadu Buhari, signed the 2019 Finance bill into law. It was submitted alongside the 2020 budget to the National Assembly. The new law contains over 90 changes to 7 different tax laws. Corporate income
See MoreFrance: Government officially publishes Finance Act 2020
On 29 December 2019, Government published 2020 Finance Bill in the Official Gazette after the Court’s approval. Corporate income tax The Finance Act reduces the corporate tax rate for all companies, including those with a turnover of €
See MoreNigeria: House of Representatives passes Finance Bill 2019
On 28 November 2019, the House of Representatives passed the Finance Bill 2019. It was passed its third reading by the National Assembly on 21 November 2019. Major proposed amendments are given below: A lower (i.e. 20%) corporate income tax rate
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