Provisional instructions for requesting deferrals in accordance with the rules of liquidity facilitation for SMEs and self-employed workers as established in Royal Decree-Law 7/2020, of 12 March
Spain – tax measures in response to COVID-19
Category: Tax Knowledge
Netherlands: tax measures in response to COVID-19
Globally, the coronavirus is gaining more and more grip and COVID-19 is starting to paralyse society and the economy. Government bodies and other organisations are taking measures to prevent any further spread.
Croatia – respond to COVID-19
The Croatian Government presented number of measures to help the economy with the crisis resulting from the COVID-19 epidemic and proposed amendments to relevant laws in order to create legal framework for the intended measures. Some of them were already adopted in the parliament today.
India – RBI issues guidelines to regulate payment aggregators and payment gateways
Recently, the Reserve Bank of India (RBI) released guidelines to regulate payment aggregators (PAs) and payment gateways (PGs). The guidelines mandate PAs to obtain authorisation from the RBI, obligate settlement of payment to merchant in a defined transaction time, segregate e-commerce marketplaces from the PA entities and prescribe minimum net worth requirements of INR 250m. Existing PAs are required to apply for authorisation by 30 June 2021.
Hungary – tax measures in response to COVID-19
The following measurements were introduced by the Hungarian government in the government regulation Nr 47/2020 in response to the coronavirus-situation (COVID-19) effective as of 19 March 2020:
Malta – tax respond to COVID-19: Fiscal support measures for businesses
The Maltese Government has announced a number of measures in a bid to encourage retention of employees and alleviate imminent cash flow and liquidity concerns that are expected to be faced by certain local businesses in the light of the COVID-19 outbreak.
These initiatives are mainly targeted at those businesses that are suffering a significant downturn in their turnover as a result of the economic constraints arising from the COVID-19 pandemic and, as a result face substantial cash flow difficulties.
Read More »Italy – Cura Italia Decree – Part II – Fiscal and regulatory measures
Prepared by Alessandro Caridi, Flavia Barone e Fabrizio Tenuta
The Italian Government has issued the “Cura Italia Law Decree” providing measures to strengthen the National Health Service and economic support for families, workers and enterprises in connection with the epidemiological emergency COVID-19.
Italy – Cura Italia Decree – Part I – Financial support measures for enterprises and workers
Prepared by Flavio Mondello Malvestiti, Ginevra Bruno, Enrico Cristoforoni
The measures aim to contain the economic damage caused by the COVID-19 epidemic.
Austria – Newsletter: Special Issue, March 2020
The COVID-19 pandemic has created major challenges for business. Every company is looking for ways to negotiate the crisis in the best possible way. The Austrian government and authorities will be announcing measures on an ongoing basis which are intended to support businesses in this regard.
Swiss pharma rebates – an opportunity or a VAT risk?
Are you a pharmaceutical company selling drugs outlined in the list of special drugs and therapies (“Spezialitätenliste”) in Switzerland? If yes, you could benefit from the following information in connection with Swiss VAT.
Michaela Merz 