Prepared by Flavio Mondello Malvestiti, Ginevra Bruno, Enrico Cristoforoni
The measures aim to contain the economic damage caused by the COVID-19 epidemic.
Italy – Cura Italia Decree – Part I – Financial support measures for enterprises and workers
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.
Österreich – Webinars zum Thema COVID19
Die aktuellen Maßnahmen im Zusammenhang mit COVID19 wirken sich auf alle Bereiche des Geschäfts- und Privatlebens aus. Die Situation wirft auch zahlreiche Fragen auf, die einer schnellen Beantwortung bedürfen. Für sehr dringende Angelegenheiten hat PwC Austria ihre COVID19 Helpline eingerichtet. Unter der Nummer +43 (0) 664 96 77 960 sind unsere Experten rund um die Uhr für Sie erreichbar.
Kazakhstan – tax measures in response to COVID-19
- Deadlines for filing tax returns (for both legal entities and individuals) is extended to 30 calendar days
- Desk audit notifications and Ministry of Finance Appeal Committee meetings for consideration of audit acts are suspended for the term of announced State of Emergency (through 15 April 2020);
- Commencement of planned tax inspections suspended until 15 April 2020.
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Middle East – tax measures in response to COVID-19
In the Middle East a number of countries have announced financial and fiscal measures (budget spend reductions announced in Bahrain and KSA and fiscal stimulus policies in UAE and Qatar). In addition, please see below some tax measures introduced:
Romania – tax measures in response to COVID-19
Press release ANAF – March 16, 2020
In this period, given the difficult economic context caused by the spread of COVID-19, the National Agency for Fiscal Administration (ANAF) prepared a set of measures for the support of the business environment, the most important being the following:
Austria – tax measures in response to COVID-19
Special rules concerning coronavirus
Commonly occurring infections with the SARS-CoV-2 virus (“2019 novel coronavirus’) and related regulatory measures such as domestic quarantine and the closure of educational institutions, cancellation of events and generally the restriction of daily life can lead to this, that – starting in mid-March 2020 – there will be liquidity bottlenecks and delays in payment may occur.
Österreich – Steuermassnahmen als Antwort auf Coronavirus
Sonderregelungen betreffend Coronavirus
Gehäuft auftretende Infektionen mit dem SARS-CoV-2-Virus („2019 neuartiges Coronavirus“) sowie damit einhergehende angeordnete behördliche Maßnahmen wie häusliche Quarantäne sowie die Schließung von Bildungseinrichtungen, Absage von Veranstaltungen und generell die Einschränkung des täglichen Lebens können dazu führen, dass es – beginnend mit Mitte März 2020 – zu Liquiditätsengpässen und Zahlungsverzögerungen kommen kann.
Denmark – tax measures in response to COVID-19
Last week The Minister of Taxation made a proposal to prolong the deadline for reporting and payment of VAT for companies who report on a monthly basis. This assistance is being extended today to the companies who report on a quarterly and semi-annual basis.
Michaela Merz 