ArgentinaMain corporate tax rate: Argentina’s government is reportedly finalizing a draft bill that would provide for the introduction of new progressive corporate income tax rates. The proposed amendments to the Income Tax Law would apply to fiscal years commencing from 1 January 2021.
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BelgiumFiling return:  On 18 March 2021, the Belgian tax authorities extended the corporate income tax return submission deadline to 28 October 2021 for financial years ended between 31 December 2020 and 28 February 2021 in response to the Covid-19 pandemic.
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CroatiaFiling return:  In March 2019, due to the COVID-19 outbreak, the tax administration updated their tax information. This includes an extension of the tax return for 2020, other related forms and the deadline for filing reports by 30 June 2021 based on the amendments to the Ordinance Implementing the General Tax Act that came into effect on 13 March 2021.
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Cyprus E-filing: On 12 March 2021, Minister of Finance has published a decree extending the deadline for submission of certain direct tax returns. Accordingly, the deadline for electronic submission of the 2019 corporate tax return (T.D.4) has been extended to 30 September 2021 (from 31 March 2021).                                                                                               
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Czech RepublicFiling return: On 9 March 2021, the Government published a decision from Finance Ministry that the submission deadline of income tax return 2020 in paper format is extended from 1 April 2021 until 3 May 2021. On the other hands, the electronic filing deadline is extended up to 1 June 2021 instead of 3 May 2021.
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DenmarkIncentive for small business: On 25 February 2021, the Government submitted a draft Bill, to amends various Acts. The bill proposed to increase the immediate depreciation limit for smaller companies from DKK 14,100 to DKK 30,000 in 2021 for investments in new and green operating assets such as, machinery, equipment, etc.
Incentive for industry/manufacturing: According to the Bill, an extension of the 130% deduction for R&D expenses is proposed until the end day of 2022.
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FranceTax payment procedures: On 2 March 2021, the Government announced new tax measures for companies impacted by Covid-19, which includes methods of how to calculate corporate tax, early repayment of refundable tax credits.                                                                       
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GhanaTax incentives: On 12 March 2021, the Finance Minister of Ghana presented the 2021 Budget Statement and Economic Policy in the Parliament. The government proposed a 30% rebate of income tax instalments due from hotels, restaurants, education, arts and entertainment companies and travel and tour agencies for the rest of 2021.
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JamaicaFiling return: On 11 March 2021, Tax Administration Jamaica issued a press release extending the tax filing deadline due to COVID-19. TAJ extends the income tax filing deadline from 15 March 2021 to 31 March 2021.
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Malaysia
Incentives on Services/Small business: On 27 March 2021, the Malaysian government issued its second stimulus package to combat the economic impact of the COVID-19 pandemic. Accordingly, tax breaks on tourism extended till 31 December 2021. The government has also allowed some 750,000 SMEs to postpone the payment of income tax for three months beginning 1 April 2020.
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Panama Filing return: Recently, the Ministry of Economy and Finance of Panama has extended the deadline to 3 May 2021 for the submission of income tax returns  for the tax year 2020 in response to the Covid-19 pandemic.
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PhilippinesMain corporate tax rate: On 26 March 2021, the President has Signed the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act into Law. This law reduces the income tax rate to 25% for big companies and 20% for smaller enterprises from 30%.
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Poland
Filing return: On 10 March 2021, the Poland’s Ministry of Finance has published a notification extending the deadline for the submission of 2020 annual tax returns and the payment of tax due. Accordingly, companies will have to settle CIT until 30 June 2021. The extension is to apply to taxpayers whose tax year ends between 1 December 2020 and 28 February 2021.                                                                                                                         
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Puerto Rico Filing return: On 23 March 2021, the Puerto Rico Treasury Department has extended the due date to submit the return and pay any balance of tax due for taxable year 2020 to 17 May 2021 instead of 15 April 2021 due to the on-going COVID-19 pandemic.
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Slovak Republic Sanctions for late payments/return: On 24 February 2021, the Slovak Republic has published Regulation No. 88/2021 regarding the relief of late payment/return interest and penalties in response to the Covid-19 pandemic. Regulation No. 88/2021 entered into force on 26 February 2021.
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UkraineInterest on late payment: On 4 March 2021, the National Bank of Ukraine has decided to increase its key policy rate from 6% to 6.5% per annum with effect from 5 March 2021.
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USInterest on late payments: On 2 March 2021, the Internal Revenue Service announced that interest rates for the calendar quarter beginning 1 April 2021. The rates are unchanged from the previous quarter.
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