Article written by Olivier Comment
LinkedIn
The COVID-19 situation drastically changes the business especially within the frame of events. Since physical events are now forbidden, some organisations consider to adapt the set-up of the event to comply with the current measures by implementing a virtual event instead.
Further to the announced plan by the Saudi Cabinet, which has amounted to more than SAR 120 Billion in an effort to mitigate the implication of COVID-19 pandemic on the economic activities and private sector, the Ministry of Finance “MOF” has offered a temporary relief for some tax related penalties.
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On 23 March 2020, the Federal Customs Administration officially published a set of measures to support companies affected by the coronavirus during this challenging time. The package is especially focused on simplifications regarding payment settlement and operational customs clearing handling for specific types of goods and professional groups.
Find out how to pay no import duty and VAT on protective equipment, relevant medical devices or equipment brought into the UK from non-EU countries during the coronavirus (COVID-19) outbreak.
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The Federal Ministry of Tax announced within the Q&A section re Covid-emergency measures that donations of medical equipment, as well as the free provision of personnel for medical purposes, will be exempt from value added tax from April 3, 2020 until the end of the year for beneficiary organizations. Nothing was published yet.
If you are interested in further details please contact the following person.
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As from January 1 2020, a resident company shall file an economic substance declaration with the Barbados competent authority annually within 12 months after the last day of the end of each fiscal period.
Nearly everything has changed. The world is unrecognizable. I’m sitting at home for the third week in a row and am working 24/7. Slowly I’ve adjusted to the new situation. I am making the best of what we’ve got.
Read More »Ziemlich alles hat sich geändert. Man kann die Welt nicht mehr wiedererkennen. Ich sitze die Dritte Woche zu Hause und arbeite rund um die Uhr. Langsam bin ich organisiert in der neuen Situation. Ich mache das Beste aus dem was wir haben.
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The President of India promulgated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ordinance),1 on 31 March 2020, to put into immediate effect the relief measures2 announced by the Finance Minister on 24 March 2020, in response to the Novel Coronavirus (COVID-19) outbreak. The Ordinance is in line with relief measures announced earlier on statutory and regulatory compliances under various laws.
General Measures
Executive Decree No.20-69 dated 21 March 2020, relating to measures to prevent and reduce the spread of the Coronavirus (Covid-19)
The aim of this decree is to reduce the social distance between the citizens especially in publics areas and in work places in order to reduce the spread of COVID 19 virus during this period.
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Michaela Merz 