Denmark: Tax authority publishes a guide regarding DAC6
On 17 April 2020, the tax authority published a guide regarding the mandatory disclosure and exchange of cross-border tax arrangements (DAC6) and will enter into force as from 1 July 2020. The guidelines describe the scope of the reporting
See MoreBulgaria: Government announced several tax relief measures regarding VAT exemption
The Government has taken some tax relief measures regarding Value Added Tax (VAT). These are: On 4 May 2020, a draft Bill was submitted in the Bulgarian Parliament for introducing a 9% reduced VAT rate from 20% rate to support the
See MoreLatvia: Cabinet of Ministers approves the regulations to implement mandatory disclosure rules
On 17 April 2020, the Latvian Cabinet of Ministers approved the regulation “Rules on automatic exchange of information on reportable cross-border arrangements” to implement the European Union (EU) directive on mandatory disclosure and the
See MoreIreland: Revenue publishes guidelines on corresponding TP adjustments
On 24 April 2020, the Irish Revenue issued an eBrief No. 068/20 to announce about the publication of A new Tax and Duty Manual on corresponding transfer pricing (TP) adjustments. Guidelines for Article 9 Corresponding Adjustment claims This
See MoreMalta extends electronic filing extension of CIT returns amid COVID-19
On 29 April 2020, Malta’s Commissioner for Revenue has notified that the deadlines for the electronic filing of corporate income tax (CIT) returns for the have been extended as follows: Financial Year EndingManual Return DeadlineElectronic
See MoreFrance: FTA publishes additional guidance regarding DAC6
On 29 April 2020, the French Tax Authority (FTA) published additional guidelines concerning the mandatory disclosure and exchange of cross-border tax arrangements (DAC6). The guidelines describes the scope of the reporting obligations, including
See MorePortugal extends transfer pricing documentation deadline
On 24 April 2020, the government of Portugal published an order n.º 153/2020-XXII postponing the deadline to prepare and submit transfer pricing documentation to 31 August 2020 due to COVID-19
See MoreCOVID-19: Poland extends the deadline for local transfer pricing documentation
On 17 April 2020, the President signed the law on special aid instruments in connection with the spread of the SARS-CoV-2 virus, or the so-called Anti-Crisis Shield 2.0. Under the law, the deadline for submitting local transfer pricing
See MoreDenmark: President announces to postpone a Bill for amending CFC rules
On 15 April 2020, the Prime Minister informed the president of the parliament that some of proposed legislation need to be postponed during COVID-19 pandemic. One of the proposed legislation is Bill L48, which provides the transpose in existing CFC
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 MoreEstonia: Parliament passes supplementary budget amid COVID-19 pandemic
On 15 April 2020, The Estonian Parliament has issued a press release announcing that the Act on the supplementary budget has been passed to implement the economic measures related to the spread of the COVID-19. The aim of the measures is to
See MoreNetherlands extends tax payment due dates
To help businesses and employers amid COVID-19 pandemic, the Dutch Tax and Customs Administration (Belastingdienst) has implemented a number of tax measures. Tax payment extension income tax, VAT, vpb and payroll tax: Taxpayers can apply for a
See MoreCOVID-19: Serbia publishes a decree on tax relief measures
On 10 April 2020, Serbia published a decree in the official gazette providing tax relief as well as direct financial aid to certain companies in response to the coronavirus (COVID-19) pandemic. The following tax measures included in the
See MoreFrance: 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 MoreMalta: Parliament enacts the Budget Measures Implementation Act 2020
On 20 March 2020, the Maltese Parliament has enacted the Budget Measures Implementation Act 2020. Through the enactment of this legislation, amendments were made to the Income Tax Act (ITA), Value Added Tax Act (VATA), Income Tax Management Act
See MoreCOVID-19: Cyprus extends the payment deadline for tonnage tax
On 27 March 2020, the Shipping Deputy Ministry (SDM) has decided to extend the date of payment of the Cyprus Registry Maintenance Annual Fee and the tonnage tax of Cyprus ships due to the widespread of the coronavirus outbreak. In this respect,
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