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Cross Border eCommerce in China
In recent years, due to the huge potential of China's consumer goods market, more and more global retailers have turned their attention to China. Ten years ago, not only were there fewer choices of goods, the payment and after-sales service...
GST In Malaysia: Will It Return?
After spending a number of years studying Goods and Services Tax (GST), Malaysia was the last country in the Association of Southeast Asian Nations (ASEAN) excluding Brunei to implement GST in 2015. However, Malaysia became the first to abolish GST...
The Impact of COVID-19 on Contracts and Force Majeure
The COVID pandemic has a significant impact on the performance of contracts between parties. Therefore, clauses stating that a party does not have to perform a contract in the event of force majeure are necessary in both Polish and English...
Payroll in Singapore: Common Non-compliance HR Matters
Are you aware of the following? Under the Skills Development Levy (SDL) Act, employers are required to pay SDL, at different contribution rates, for every employee they hire. This applies to all permanent, casual, part-time, temporary or foreign employees rendering...
Doing Business in Australia: Establishing a Local Company isn’t the Only Solution…
We are often contacted by our Ecovis international network offices asking if we can set up a company for their local clients who are planning to do business with Australia. While we are more than happy to do this, the...
Tax in Turkey: Recent Regulations due to the Ongoing Pandemic
Extended short-time work benefits, an increase in corporation tax or regulations for the home office: the Turkish government has approved various measures to get the corona pandemic under control. In addition, it is forbidden to pay with cryptocurrency since 30...
Invest in Vietnam: COVID-19 and M&A Market Potential
Vietnam is developing into an attractive M&A market for investors – despite the decline in the global M&A market due to corona virus. This is the result of new laws that facilitate business investments, additional free trade agreements and currently...
Ecovis is now offering legal services in Thailand
In addition to our existing partners of ECOVIS A.A.C we welcome our new partners from JTJB International Lawyers Co., Ltd. – Member of ECOVIS International from Bangkok. (more…)
StaRUG: Act on the Stabilisation and Restructuring Framework for Businesses
The new German Act on the Further Development of Restructuring and Insolvency Law, or SanInsFoG, was passed in 2020. SanInsFoG changes insolvency law and introduces the new Act on the Stabilisation and Restructuring Framework for Businesses (StaRUG), which came into...
Tax Relief for Family Offices in Greece
Greece introduced a new business tool for the management of cash flow and family property assets in February 2021. It is regulated in the “family offices” law. (more…)
GILTI High Tax Election in the United States
Net income earned by a Controlled Foreign Corporation (“CFC”) may be subject to immediate US taxation to US shareholders, whether or not distributed. This results from the Global International Low Tax Income (GILTI) provisions of the US Tax Cuts &...
Taxes in Finland: New Tax Benefits for Foreign Companies
Foreign companies can now take advantage of new tax incentives in Finland. The tax breaks can reduce the cost of joint research and development projects by 150%. In addition, tax-free shares will encourage employee commitment and new e-identification and e-authorisations...
Ecovis is now represented in Bangladesh
We are glad to welcome our new partners from ECOVIS A. Qasem & Co. (ECOVIS Bangladesh) headquartered in Dhaka. (more…)
Italian Tax Residency Rules: Tax Benefits for Inpatriate Workers
The special rules for “inpatriates” (expatriates transferring to Italy for working reasons) have been changed in the Italian Budget Act 2021. Income taxation is made easier when taxpayers relocate and commit to live and work in Italy for at least...
Start-Ups and Cybersecurity: How to Deal with a Cyber-Attack
For many start-ups, cybersecurity will become even more important in 2021, as data breaches have legal consequences. Every company must take the appropriate technical and organisational measures to protect customer data and prevent cyber-attacks. (more…)
2021 Singapore Budget Highlights
On 16 February 2021, the Singapore Budget Statement was delivered in Parliament. A key focus of the Budget was the theme of Emerging Stronger, Together. The goal is to build new capabilities in people and businesses in this next phase...
Ecovis has a new partner firm in Panama
Ecovis welcomes its new partners from ECOVIS Panama headquartered in Panama City. (more…)
New Rules on Cross-border Renminbi (RMB)
At the turn of the new year, the Circular on Further Optimizing the Cross-border RMB Policy to Support the Stabilization of Foreign Trade and Foreign Investment (YinFa [2020] No. 330) (hereinafter referred to as ‘Circular No. 330’) was published, which...
Ecovis has a new partner in Croatia
We are delighted to welcome our new partners from ECOVIS FINUM and ECOVIS FINUM REVIZJA headquartered in Zagreb. (more…)
Key Changes to Reporting Regime in Australia
This article will inform you on: Key changes to the Australian financial reporting framework The new Payment Times reporting regime The Australian financial reporting framework is changing The existing reporting framework requires an entity that is not publicly accountable (as...
Shareholder Loans in a Limited Liability Company – Selected Issues Under German and Polish Law
Shareholder loans are widely used to finance a company, including when the company is in difficulty. The Ecovis experts answer the most important questions on this under German and Polish law. (more…)
Steep Penalties for Not Preparing Transfer Pricing Documentation in Malaysia
The Inland Revenue Board of Malaysia (IRBM) has taken a significant move to improve transfer pricing compliance by introducing new penalty provisions, whereby taxpayers involved in related party transactions must prepare either full or partial transfer pricing documentation, depending on...
Ecovis welcomes its new Head of Business Development
With 18 years of experience in Business Development and in assisting multinational companies and SMEs expanding and maintaining operations overseas, Rosario Di Maggio has now been appointed Head of Business Development at ECOVIS International, and will be reporting directly to...
Ecovis strengthens its presence in Belgium
In addition to our existing Belgium partners Ecovis welcomes our new partners from ECOVIS BB3 Audit headquartered in Herent. (more…)
Ecovis has a cooperation partner in Jordan now
Ecovis welcomes its new partners from The Spectra Group headquartered in Amman. (more…)
The Challenges and Perspectives of Public-Private Partnership in Ukraine
On 20 January 2021, the Ukrainian Government passed a draft law which now allows the state to conclude ambitious public-private partnership (PPP) agreements, despite restrictions in national budget planning. (more…)
The UK’s New Merger Controls: Protecting National Security or Adding Uncertainty for Investors?
A new National Security and Investment law is about to become law in the UK. It will have a significant impact on any acquisition of a business which is active in, or supplies goods or services into, the UK. It...
Ecovis strengthens its presence in Mainland China
In addition to our colleagues of ECOVIS Ruide in Shanghai we warmly welcome our new partners from ECOVIS TZU Certified Public Accountants headquartered in Tianjin. ECOVIS TZU Certified Public Accountants Co., Ltd. was established after the reform of ‘Tianjin Huagang...
Real-Time Invoice Reporting in Hungary: Changes in Online Data Reporting Obligation
From 4 January 2021, the rules on the obligation to report invoices have changed in Hungary. All invoices, including correction and cancellation invoices, must be provided to the Hungarian tax authority directly from the invoicing system, online in real time....
Superbonus 110 Percent: An interesting Opportunity
The Italian Government has launched a 110 percent tax break. The “Relaunch Decree” increased the rate for the deduction of expenses for energy measures such as building insulation, earthquake protection or the installation of photovoltaic systems. These measures are known...
India Adopts Faceless Tax Assessments and Appeals: A Pragmatic Approach
Background One impact of the global Coronavirus pandemic is that, in some parts of the world, the use of digital communications has accelerated. India has adopted “faceless” interactions through digital means with tax payers, and the Revenue department has been...
Changes in Distance Selling VAT
New VAT rules for the distance sale of goods will apply from July 2021 with the implementation of the EU VAT e-commerce package. The changes include the expansion of the One-Stop-Shop solution (OSS), the harmonisation of threshold values and the...
Draft of New Revolutionary Holding Regulations in Poland
Poland is reforming its company law and wants to introduce more robust rules for holding companies. The proposed changes will be essentially important for all companies in a group of companies registered in Poland. (more…)
Greece Income Tax Rate – Alternative Tax Resident Regimes
Greece has modernised its tax residence rules for high-net-worth individuals. Internationally experienced self-employed and employees who return to Greece should be able to plan their tax costs better. (more…)
Investing in the Philippines
The effort of the Philippines to improve its infrastructure is now in completion phase under the Build, Build, Build (BBB) Program launched in 2017. This program aims to construct major railways, industrial parks and airports. Other projects include construction of...
Thinking of Moving to the Cloud? What you Need to Know.
The Cloud Revolution comes to Sydney If you have been following our LinkedIn page, you might have seen an announcement we were tagged in from a company called Greatsoft, which announced the successful migration of our practice systems from desktop...
Ecovis is now represented in Tajikistan
Ecovis welcome its new partners from ECOVIS Tajikistan headquartered in Dushanbe. ECOVIS Tajikistan was founded in January 2005 as Asian Business Group LLC. Since April 2011 they represented BDO International in their country. In November 2020 the firm signed membership...
New Government Measures Against COVID-19 and its Consequences in Greece
On Saturday 7 November 2020, the Greek Government announced a three-week national lockdown after a sharp increase in the COVID-19 infection rate. Employment and tax measures have been implemented to cushion the financial impact on companies. (more…)
Latest Tax Regulations in Turkey
Turkey is struggling with massive tax revenue shortfalls. The government has taken measures to stabilise the situation. So taxes on consumer goods are being increased and measures are being taken to present Turkey as an attractive market for the post-pandemic...
Preparing for Brexit: Our Guide Shows What Companies Should Do
From 1 January 2021, new rules will apply for companies in the UK as a result of Brexit. To familiarise companies with these new rules, Ecovis UK has developed the business guide “Preparing for Brexit”. The guide covers specific information...
Holding Company Regime Regulations in Colombia (CHC Regime)
In Colombia, laws 1943 of 2018 and 2010 of 2019 modified the Tax Statute and introduced the Colombian Holding Companies (CHC) Regime to domestic regulations. This provides tax advantages which could also be interesting for foreign investors. (more…)
Non-Resident Aliens, Beware! Your US ITIN May be Set to Expire
Non-resident aliens in the United States benefit from tax breaks. To be able to submit a tax return, a federal Individual Taxpayer Identification Number (ITIN) is necessary. This ITIN could expire on 31 December 2020. What should those affected do...
Czech Real Estate Transfer Tax Abolished for Transfers Registered from 1 December 2019
The Czech real estate transfer tax (RETT) was abolished in September 2020 to support Czech taxpayers as a response to the COVID-19 crisis. The abolition applies retrospectively to all real estate transfers registered since 1 December 2019. RETT that has...
Returning to work during CV-19: What should firms be thinking about?
Get advice from ECOVIS international experts. What are the key issues you, as a business owner, need to be thinking about as we move into the next phase of the Covid-19 pandemic? From monitoring cash flow to keep your company...
Ecovis is now also offering audit services in Vietnam
We are glad to announce that our network now also offers audit services in Vietnam to our clients. We would like to send a warm welcome to our new partners from ECOVIS AFA Vietnam headquartered in Danang. Danang is the...
VAT on foreign services rendered
Those who provide services from abroad to residents in Colombia, as a general rule, will have the legal obligation to register with the Colombian tax authority as "service providers from abroad", in addition to passing on and collecting VAT on...
Audit considerations during Covid-19
Recently the IFAC (International Federation of Accountants), International Federation of Accountants in Spanish, issued certain considerations related to the safe audit of financial statements in times of Covid-19. These are situations that matter to the auditors but also to those...
IRC 59A Final Regulations Say “BEAT IT” to the Confusion
On 22 December 2017, the Tax Cuts and Jobs Act (TCJA) codified IRC § 59A (Base Erosion and Anti-Abuse Tax, BEAT). This applied a tax on multinational corporations shifting profits abroad through related party transactions which create US deductible payments...
Mexico Tax Reform 2021
For the Tax Reform of the 2021 fiscal year, the Executive presented on September 8, 2020, to the Congress of the Union, the respective Economic Package, which includes proposals for the fiscal Miscellaneous regarding the Income Tax Law (LISR ),...
Presidential Elections, Tax Chaos
The upcoming U.S. election on November 3 will not only seat a President for the next four years, it will also establish which party controls both houses of the U.S. Congress, and with control, the ability of the President and...
Government Support for the Aviation Industry in Ukraine Due to COVID-19
COVID-19 has significantly affected the Ukrainian aviation market and all the industries directly supported by aviation globally. Without financial support from the government, Ukrainian aviation will find it hard to survive. Ecovis' experts can advise aviation-dependent companies on various matters...
The Impact of Schrems II and Brexit: The Transfer of Personal Data Overseas in Crisis
Transferring personal data between jurisdictions has always been big business. In Europe, the General Data Protection Regulation provides a number of mechanisms to allow data exports overseas. The end of the Privacy Shield, Schrems II and Brexit will make it...
Apprenticeship in France: Exceptional Financial Aid to Employers Who Recruit Young Apprentices
As part of the “#1jeune1solution” plan, the government is setting up exceptional aid for the recruitment of apprentices up to master’s level for all companies (decree no. 2020-1084 of 24 August 2020). Assistance will be paid for contracts signed between...
Renewable Energy in Romania: PPA available, CfD in the Pipeline, Implementation to Follow
In the context of multiannual EU and government funding plans, Romania has committed to further achieving ambitious targets in developing renewable energy production. The current support scheme based on green certificates has stabilised after significant fluctuations and is currently viable....
Big Data Audit: Digital Transformation of the Audit Process at Ecovis in Colombia
ECOVIS Colombia has developed a machine learning model that identifies deviations or atypical behaviours in clients’ transactions. This implementation optimises the auditing and consulting processes and allows clients to react more quickly when anomalies are detected. (more…)
Invest in Uruguay: Increase in Tax Benefits for Investment Projects
The Uruguayan government recently approved an increase in the tax benefits granted through the Investment Law (Law 16.906). Under this law, taxpayers could qualify for significant tax exemptions by submitting an investment project that is declared by the executive powers...
Ecovis is now offering legal services in Argentina
Beside our existing partners ECOVIS ARGENTINA RAMOGNINO, de ALBALADEJO & ASOCIADOS our network now also offers legal services to our clients. We would like to send a warm welcome to our new partners from Estudio Peebles - Member of ECOVIS...
Government Assistance for Small and Medium Enterprises in the COVID-19 Recovery Period
Ecovis in Shanghai The Chinese Government has implemented various measures to help small and medium-sized enterprises (SMEs) during the Coronavirus pandemic, including tax, social security, financial, scientific and technological support. The main preferential policies available to SMEs are outlined below....
India Announces Package for Micro, Small & Medium Enterprises During COVID-19
The Indian Government has announced a package of US$2680 billion—20 lakh crore rupees, which equates to approximately 10% of Gross Domestic Product (GDP)—for the country's struggling economy due to the Coronavirus epidemic. The relief was announced for various sectors, one...
Malaysia becomes the second country to implement Digital Service TAX in Southeast Asia
In 2015, Malaysia joined the ranks of 160 countries around the globe who had implemented a Goods and Services Tax (GST) / Value Added Tax (VAT). Seventeen months later, Malaysia was the first country to revert to Sales and Services...
COVID-19: Support for small and medium enterprises in Singapore
As a result of the ongoing COVID-19 situation, the Singapore Government has announced various support schemes in the 2020 Budget to assist Small and Medium Enterprises (SMEs) through this crisis. This comprises the ‘Unity Budget’ announced on 18 February 2020,...
Can India Influence Post-Covid-19 World Order? – Current Opportunities In India
Ecovis in Mumbai “Tat Tvam Asi” (meaning Thou art that, That thou art, That art thou, You are that, or That you are) is the powerful message in Hinduism of peaceful co-existence, a message which challenged the entire world in the...
Hong Kong Economic Update: Will the National Security Law help or hinder foreign investment?
Ecovis in Hong Kong After one year of pro-democracy protest activities in Hong Kong, the Central Government of the People’s Republic of China seems to have run out of patience with Hong Kong protesters. The Chinese Government surprisingly introduced the...
Australian Economic Update: Economic Downturn and Government Response
Ecovis in Sydney It seems a lifetime ago since Ecovis delegates from around the globe gathered together in Sydney for the annual International Partners’ Meeting, held in November 2019. Over Christmas and into the new year, large parts of Australia...
Days without VAT in Colombia
On 27 December 2019, Colombia approved a tax reform including a special VAT exemption: On 3 days during 2020, certain groups of goods, such as clothing, appliances and school supplies, are free of VAT. This applied to national purchases and...
Working and Living in Spain after Brexit: Benefit from the Brexit Transition Period
Brexit has been a reality since 31 January 2020. It is the date on which the Withdrawal Agreement was finally approved by the UK Parliament. However, the Withdrawal Agreement set a transition period between 31 January and 31 December 2020....
COVID-19 Economic Relief Package for Micro, Small and Medium-Sized Enterprises in India
The Indian government has announced a package worth USD 260 billion, or the equivalent of around 10% of GDP, for the country's struggling economy during the coronavirus pandemic. The corona aid package is of particular benefit to micro, small and...
Ecovis strengthens its presence in Switzerland
Ecovis welcomes its new partners from Intercontrol AG based in Zurich. At the beginning of this year Intercontrol AG acquired the audit service line called ECOVIS ws&p wirtschaftsprüfung ag of our existing Swiss partners and joined ECOVIS International. As before...
Revision of ethical standards for auditors in the UK to improve auditors independence
The UK’s audit regulator, The Financial Reporting Council (FRC), has now issued revised ethical standards that came into effect for accounting periods beginning on or after 15 March 2020. A central tenet of the revisions is that improved auditor independence...
Beware the Pitfalls of an Accidental Legally Binding Contract over Video Conference
Pandemic-provoked disruption has forced many more people to work from home, reduced face-to-face business almost to zero, and triggered an explosion in video conferencing. But this immensely useful technology carries risks. Those to security are well-documented, but less so those...
Tax Relief Measures for Businesses in Greece to Combat the COVID-19 Crisis
On 18 July 2020, the Greek parliament passed the new law no. 4706/2020. In addition to other provisions, this law also contains regulations on the payment of income tax and the uniform real estate property tax. Moreover, law 4706/2020 also...
Form 1120-F – US Protective Income Tax Return: Securing Deductions against US Gross Income
With the proliferation of digitalization in the global economy, many foreign businesses are accessing the US market online with minimal physical presence. In many instances, foreign companies selling to US consumers may have offices in the US that perform limited...
Ecovis strengthens its presence in Czech Republic
Ecovis welcomes its new partners ECOVIS FACTA and ECOVIS RG from Prague. The roots of ECOVIS FACTA date back to 1995. The firm’s main focus lies on accounting. Today Simona Fialová is leading a team of 30 people. Among them...
Aviation Industry in Ukraine – Challenges and Opportunities
The Ukrainian aviation industry is dynamic and constantly developing, which generates economic growth, creates jobs and facilitates tourism and international trade. The industries directly supported by aviation are growing accordingly. (more…)
Government Support for Businesses in Vietnam – Fighting COVID-19
The Vietnamese government has used drastic measures to prevent and control the COVID-19 pandemic at all levels. It has achieved encouraging results. This consistent approach is paying off: In the April 2020 World Economic Outlook, the International Monetary Fund forecasts...
Taxing the Digital Economy: Has Corona Cancelled or Postponed the Global Tax Revolution?
The pressure was high from the outset when, with the finalisation of the BEPS Action Plan in Oct. 2015, the OECD simultaneously began to initiate a further and even more far-reaching project: an Inclusive Framework (IF) on the taxation of...
Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact
The number of insolvency cases in Spain is expected to increase from the current figure of 6,000 a year, to more than 15,000 as a result of COVID-19. Spanish law provides a series of procedures for those companies which cannot...
Foreign Workers in Israel – Immigration of Professional Experts
Foreign nationals wishing to work in Israel need a valid work permit. There is a multi-stage approval process. ECOVIS Legal Israel supports companies in completing this process as quickly as possible. (more…)
Thailand: Land of opportunities investment & incentive 2020
Reproduced with permission for Ecovis A. A. C., Thailand, by Chayoot Sripian, Economist, Federation of Thai Industries. Stepping into the year 2020 began as the most challenging throughout the world, due to the spread of the COVID-19 virus and the...
DAC 6: New Mandatory Disclosure Rules in EU Tax Law
The latest amendment to the DAC 6 (Directive for Administrative Cooperation), Directive 2018/822, obliges EU Member States, to enact mandatory disclosure rules for potentially aggressive cross-border tax planning arrangements. It is important to note that from a business perspective, such reporting...
Foreign Investment: Property Acquisition, Rules & Regulations
Speculation in and around the future of the Australian property market remains rife within this country. The increasingly expensive (relative to average earnings) property market is also an electoral issue, with some pressure now being exerted on politicians to restrict...
Russia Decreases Social Security Contributions for SMEs. Companies with Foreign Shareholders May be Affected
Russia took a number of measures to limit economic consequences of the corona pandemic. One of them is a reduction of the level of social security contributions for small and medium-sized enterprises from 1 April 2020. Russian subsidiaries of foreign...
Sourcing in China – Facemasks Against COVID-19
It is better than its reputation: How the Corporate Social Credit System (CSCS) can be useful for a foreign company wanting to procure protective masks in China, such as those now needed by the million worldwide. (more…)
US Hybrid Mismatch Regulations
The US hybrid mismatch regulations move multinational tax planning closer to a one-world approach to limit Base Erosion and Profit-Shifting (BEPS). With the changes enacted as part of the US Tax Cuts and Jobs Act of 2017 (TCJA), many of...
How does the Chinese Social Credit System affect Companies doing Business in China?
Heidelberg, Munich, Germany, May 8, 2020: The Chinese Government has been developing an rating system since 2014. It rates not only individual citizens, but also companies. With this system, China wants to make sure that market participants behave in accordance...
Legal Advice During the Corona Pandemic: How Ecovis Legal Spain Can Help
“Force Majeure” and its practical application: a case study Coronavirus is causing a multitude of problems for customers. How can your Ecovis partner help? Let us look at the case study of a large logistics firm. After Spain declared a...
Ecovis now offers legal advice in Vietnam
ECOVIS International welcomes its new partners from ECOVIS Vietnam Law headquartered in Ho Chi Minh City. The firm Orient Counsel has just rebranded itself as ECOVIS Vietnam Law with a mission to deliver high quality services according to international standards....
Corona Pandemic: Immediate Taxation, Legal Measures and Financial Aid in the UK, Ireland and Uruguay
There is a small light at the end of the tunnel. Worldwide we have seen a slight slowdown in the pandemic, with some European countries announcing the first measures to ease the lockdown. However, the impacts are still affecting businesses...
Corona Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Poland, Algeria and Colombia
Many countries have released further anti-crisis law decrees. In Poland and Colombia, the governments have revised some acts and created new tax regimes. Algeria has announced new measures in response to the crisis caused by COVID-19. Our professionals summarise for...
Signs of Insolvency During COVID-19: Identifying Insolvency and Taking Steps to Avoid it
Coronavirus (COVID-19) is having a major impact on businesses in all sectors around the UK and many companies are facing insolvency. How do you spot signs of insolvency and what are the effects of the recently proposed changes to insolvency...
Corona Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Canada, Turkey and Tunisia
Canada has released various measures since the Coronavirus outbreak to ease the impact on society. Turkey and Tunisia have announced new law decrees as the situation continues to worsen during the crisis. Our professionals summarise for you. (more…)
Recommendations for Business Continuity Management in the Fintech Market regarding Pandemic
The coronavirus pandemic threatens the Lithuanian and the global economy. The Bank of Lithuania has therefore decided that electronic money and payment institutions must develop and implement structures and processes – the business continuity plan – in order to assess...
Corona Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Sweden, Egypt, Georgia, Lithuania and the UK
The Swedish government has announced new measures to reduce the impact of the COVID-19 crisis on businesses and individuals. Georgia and Lithuania have also announced new support for employers. Our professionals provide an updated summary for you. (more…)
Corona Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Italy, Law Decree No. 23
Italy has unfortunately been the European country worst affected by coronavirus so far. To reduce the impacts on businesses caused by COVID-19, the Italian government released Law Decree No. 23 on Liquidity on 8 April 2020. The Ecovis professionals in...
VAT On E-Commerce in Norway
The Norwegian tax administration has introduced a simplified VAT regulation – VAT On E-Commerce (VOEC). Smaller B2C suppliers or marketplaces that sell low-value goods and do not reach the NOK 50,000 threshold also benefit from simplified customs procedures. Ecovis’ Norwegian...
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Mexico, Costa Rica, Colombia and Uruguay
Like many other countries affected by the corona virus, Mexico and Costa Rica have also announced states of emergency with various measures. Colombia and Uruguay have announced more new tax deferrals and other social benefits to stabilise the public situation....
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Poland, Spain and Italy
To combat the effects of the COVID-19 crisis, Poland has introduced an “Anti-Crisis Shield”, with concrete measures on tax deferral and financial aid packages. Spain and Italy have also released more financial aid measures. Our experts summarise for you. (more…)
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in New Zealand, Malaysia, Nepal and Vietnam
To stabilise the market many countries have released a second aid package. New Zealand and Malaysia have set up high budgets to support enterprises. Vietnam and Nepal are taking more strict measures, although the situation appears to be under control....
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Spain, France, Malta, Romania.
More new measures and financial aid packages have been announced to support SMEs during the pandemic. France, Malta and Romania have announced tax deferral policies and postponements of tax due dates. Spain has announced an extension to the state of...
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Greece, Poland, Estonia, Saudi Arabia, Morocco
The outbreak of COVID-19 is a disaster for many businesses. Countries around the world are working at full speed to provide assistance. In Poland, for example, “zero zones” have been created, with strict control measures. More and more governments are...
