Due to COVID-19 pandemic, on 17 August 2020, the Ministry of Economy and Finance announced some tax payment idea to assist very small enterprises (VSEs) and small and medium-sized enterprises (SMEs), who have faced economic consequences by the corona pandemic. According to the plan, the deadline of the payment for corporate tax balances and business value added contribution was postponed until 30 June 2020, which was due between March and May 2020. Again, the due date of value added tax and withholding tax due for the months of February to April 2020 would normally paid from March to May 2020. In accordance with the fiscal and social debt of the company, the VSEs and SMEs may request for entering in this plan by using a request form and may enter this plan for 12, 24 and 36 months.
Ecuador: Government publishes Resolution regarding DST
OECD: Tax Policy for Economic Recovery
Related Posts
France updates guidance on VAT rate for cooling energy
France has clarified that the supply of cooling energy distributed through networks is subject to the reduced 5.5% rate
Read More
France updates income tax reduction guidance for SME investments
France’s tax authorities have updated their guidance on income tax reductions for investments in small and
Read More
France: Ministry of Economy and Finance introduces mandatory e-invoicing
France has today introduced mandatory electronic invoicing and the transmission of transaction data to the tax
Read More
France introduces tax neutrality for enterprise restructuring
France has clarified the tax treatment of sole proprietorship restructuring where an individual entrepreneur elects for
Read More
France strengthens tax incentives for investment, innovation, green industry
France’s tax system provides a broad range of incentives aimed at supporting investment, innovation, business
Read More
Finland, France income tax treaty enters into force
The Finland–France income tax treaty, signed in 2023, will enter into force on 28 August 2026. The new tax treaty
Read More