Uruguay extends compliance due dates amid COVID-19 pandemic
On 20 March 2020, the tax authority of Uruguay issued Resolution No. 550 in response to mitigate the economic impact of COVID-19. The Resolution declares extension of due date for tax obligations, as follows: the deadline for the payment of tax
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 MorePanama: Emergency tax measures amid COVID-19 outbreak
A Decree No. 251 of 24 March 2020 has published in the official gazette in response to COVID-19 pandemic. The Decree extended the income tax return submission deadline for the fiscal year 2019, until 30 May 2020. The tax amnesty related relief
See MoreArgentina: Government announces tax measures in response to COVID-19 pandemic
The government has recently announced tax measures amid coronavirus outbreak. These measures are given below: Measures have been aimed at encouraging bank lending through (i) lower reserve requirements on bank lending to households and SMEs;
See MoreGuatemala: Tax measures due to COVID-19 pandemic
On 24 March 2020, the Guatemala tax authority (SAT) has published Superintendence Resolution Number SAT-DSI-280-2020 extending tax return deadline due to COVID-19 pandemic. SAT has extended the income tax return the 31 March 2020 tax filing
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 MoreEl Salvador publishes tax relief measures in response to COVID-19 pandemic
The government of El Salvador approved a number of special and temporary tax and other tax and other laws between 14 March and 21 March 2020 as part of the measures in response to the Coronavirus (COVID-19) pandemic. The measures include an
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 MoreUS: IRS extends federal income tax filing deadline from 15 April to 15 July 2020
On 21 March 2020, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments
See MoreArgentina: Government provides tax relief for companies during COVID-19
On 20 March 2020, the Government Officially published Decree 300/2020 to implement some tax relief measures for companies due to coronavirus outbreak. Under the Decree, a 59% reduction of the bank credit tax and a 17% reduction of the bank debt tax
See MoreCOVID-19: Costa Rica eliminates partial payments of corporate income tax
On 20 March 2020, the National Assembly approved a bill to address the fiscal impact of coronavirus (COVID-19) in Costa Rica. Under the bill, taxpayers would not be required to make advance payments of income tax during the months of April, May,
See MoreBolivia: Government issues guide to provide tax relief during coronavirus pandemic
On 18 March 2020, the Government issued Supreme Decree No. 4198 for providing tax relief during the COVID-19 outbreak. The measures include the following: The due date for corporate tax payment for the year ending 31 December 2019 is to be
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 MoreColombia: DIAN updates transfer pricing return and other forms
On 10 March 2020, Directorate of Taxes and National Customs (DIAN) of Colombia published Resolution No. 000019 updating the following form for filing a tax return: Informative transfer pricing return (Form No. 120);Income and withholding
See MoreDominican Republic: Tax Authority implements tax reliefs due to coronavirus outbreak
On 23 March 2020, the Tax Authority (DGII) implemented tax measures for providing tax relief during the COVID-19 outbreak. This includes: Due date for submitting and paying obligations regarding income tax and the simplified tax regime is to be
See MoreColombia extends tax filing deadlines due to COVID-19 outbreak
On 13 March 2020, the Colombian Ministry of Finance and Public Credit has published Decree 401 by extending a number of tax filing and payment deadlines due to COVID-19 outbreak. Among the main provisions of the Decree are: The deadlines for the
See MorePeru extends tax filing deadlines due to COVID-19 outbreak
On 16 March 2020, the Peruvian Tax Administration (SUNAT) has issued Resolution 055-2020/SUNAT on its website regarding tax measures due to COVID-19 outbreak. Through the Resolution, SUNAT has extended the annual income tax filing and payment
See MoreVenezuela: Government publishes a Resolution regarding the increase in tax value unit
On 13 March 2020, the government was published the Resolution SNAT/2020/00006 regarding the increase in tax value unit (TU) in the Official Gazette. In this Resolution, Venezuela has increased the tax unit from VES 50 to VES 1,500. The tax unit
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