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
Netherlands – Webcast – Corona Crisis: Impacts and Updates
Now the coronavirus is spreading around the world, the first priority is people’s well-being. But the economic impact of the measures the government is taking in order to contain the virus from spreading further, is also considerable.
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:
Klara and the twins
Klara is 26-years-old and went to visit the technical library with her 4-year-old twins Dina and Tina. She wanted to get some books to be able to finish her work paper.
Klara und die Zwillinge
Klara ist 26 Jahre alt und besuchte mit ihren 4-jährigen Zwillingen Dina und Tina die technische Bibliothek. Sie wollte sich noch ein paar Bücher holen um ihre Arbeit zu Ende schreiben zu können.
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.
Michaela Merz 