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.
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:
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 »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.
Prepared by Flavio Mondello Malvestiti, Ginevra Bruno, Enrico Cristoforoni
The measures aim to contain the economic damage caused by the COVID-19 epidemic.
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.
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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:
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:
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.
PwC Switzerland ITX
Michaela Merz 