EY Tax Covid-19 Response Tracker - As of 23 March 2020
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EY Tax Covid-19 Response Tracker As of 23 March 2020
Important notes
• This document provides a snapshot of the policy changes that have been announced in jurisdictions around the
world in response to the Covid-19 crisis. It is designed to support conversations about policies that have been
proposed or implemented in key jurisdictions
• Policy changes across the globe are being proposed and implemented on a daily basis. This document is updated on
an ongoing basis but not all entries will be up to date as the process moves forward. In addition, not all jurisdictions
are reflected in this document
• You should consult with your EY engagement team to check for new developments
Page 2 EY Tax COVID-19 Response TrackerJurisdictions covered
• Argentina • Ecuador (Updated 23 March • Ireland (updated 22 March • Nigeria • Switzerland (updated 23
2020) 2020) March 2020)
• Australia (updated 22 March • Norway
2020) • Egypt • Israel (updated 23 March • Taiwan
2020)
• Paraguay (updated 23
• Belgium • European Union March 2020) • Thailand
(updated 20 March 2020) • Italy (updated 22 March 2020)
• Brazil (updated 23 March • Peru (updated 23 March • Turkey (updated 22 March
2020) • Finland (updated 23 March • Japan 2020) 2020)
2020)
• Canada (updated 21 March • Kenya • Philippines (updated 23 • Ukraine (last updated 20
2020) • France (updated 23 March March) March 2020)
2020)
• Lithuania
• Chile (updated 23 March • Poland • United Arab Emirates
2020) • Germany (updated 22 March • Luxembourg (updated 23
2020)
March 2020) • Portugal • United Kingdom
• Mainland China (updated (updated 22 March 2020)
22 March 2020) • Ghana • Malaysia (updated 23 March • Qatar
2020) • United States (updated 23
• Colombia (updated 21 • Gibraltar (updated 20 March • Russia (updated 20 March March 2020)
March 2020) 2020)
• Mexico 2020)
• Venezuela (updated 19
• Cyprus (updated 20 March • Greece (updated 22 March • Moldova (updated 20 March) • Singapore March 2020)
2020) 2020)
• Netherlands (updated 18 • South Korea • Vietnam (updated 17 March
• Czech Republic (updated • Hong Kong 2020)
March 2020)
23 March 2020)
• Hungary • Spain
• Denmark • New Zealand (updated 22
March 2020)
• Indonesia • Sweden
Page 3 EY Tax COVID-19 Response Tracker• Contact: Ariel Becher – Tax Policy
Argentina • Contact: Juan I. Pernin – Tax Desk
• Last updated: 18 March 2020
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Overview Personal Tax Value Added Tax (VAT), Goods Business tax Links and resources
and Services Tax (GST) and
Trade
► Argentina has issued ► Suspension by the Federal tax ► Exemption of import duties for ► Exemption of Social Security taxes Government materials
emergency measures to authority between 18 March and 31 medical supplies and vaccines for certain companies engaged in
address economic impact March 2020 of procedural time activities particularly affected by ► https://www.argentina.gob.ar/n
of Covid-19 pandemic. limits related to federal tax, social ► Expedition on export drawbacks the Covid-19 pandemic (e.g. oticias/los-ministros-de-
security and customs obligations. tourism, entertainment industries, economia-y-de-desarrollo-
This measure does not include the restaurants, hotels and passenger productivo-anunciaron-un-
extension on regular deadlines transport activities). This paquete-de-medidas-para
previously established for tax exemption could potentially be ► http://servicios.infoleg.gob.ar/i
returns filings and payments. extended to companies dealing nfolegInternet/verNorma.do?id
with logistic or supply chain issues =335646
► Federal tax authority agencies will due to the pandemic.
limit on-site attention to taxpayers ► http://servicios.infoleg.gob.ar/i
until 31 March 2020, rescheduling ► Suspension by the Federal tax nfolegInternet/verNorma.do?id
the appointments already planned. authority between 18 and 31 =335423
Other Government agencies (e.g. March 2020 of procedural time
Inspection Board of Legal entities) limits related to federal tax, social
are limiting/restricting on-site security and customs obligations.
attention. This measure does not include the
extension on regular deadlines
previously established for tax
returns filings and payments.
► Federal tax authority agencies will
limit on-site attention to taxpayers
until 31 March, 2020, rescheduling
the appointments already planned.
Other Government agencies (e.g.
Inspection Board of Legal entities)
are limiting/restricting on-site
attention.
Page 4 EY Tax COVID-19 Response Tracker• Contact: Alf Capito – Tax Policy
Australia • Contact: David Burns – Australia Tax Desk
• Last updated: 22 March 2020
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Overview Personal tax VAT, GST and Business tax
Trade
Federal Government ► Temporary early Assistance for severely Federal Government incentives include:
release of impacted regions and Tax incentives for businesses with aggregated annual turnover below $500m
► On 12 March 2020, the Federal Government announced an superannuation - industry sectors include:
economic package of A$17.6b, including A$11b in planned enable individuals ► Instant asset write-off (IAWO) increased to A$150,000: For new or
expenditures by 30 June 2020. This response adds to a and sole traders ► Federal Government second-hand assets first used or installed ready for use from 12 March
previously-announced A$2.4bn health package. directly impacted by has allocated A$1b to until 30 June 2020, the IAWO threshold is increased from A$30k to
Covid-19 to access communities most A$150k for businesses with aggregated annual turnover of less than
► On 22 March 2020, the Government announced a second A$500m (up from the current A$50 million threshold). The threshold
up to A$10k of their heavily reliant on
A$66b economic stimulus package, including measures applies on a per asset basis, so eligible businesses can immediately write-
superannuation, tourism, agriculture
planned to stimulate multiple aspects of the Australian off multiple assets. The IAWO will revert to A$1,000 for small businesses
tax-free, in 2019- and education sectors
economy including tax. (turnover less than A$10 million) from 1 July 2020.
20, and up to a on a case-by-case
States and Territories Governments further A$10k in basis. ► Accelerated tax deprecation until 30 June 2012: A 15-month
2020-21 with no investment incentive, by accelerating depreciation deductions for
► Australian Capital Territory – announced a A$137m ► Tasmanian businesses with aggregated annual turnover of less than A$500m. The
tax imposed on Government measure allows deduction of 50% of the cost of a new asset (which is
economic survival package. withdrawals. announced a A$420m depreciable under Division 40 of the ITAA 1997) on installation, acquired
► New South Wales – announced a healthcare support and a ► Temporary stimulus package after announcement and first used or installed by 30 June 2021. Existing
A$1.6b stimulus package. targeted at the depreciation rules apply to the balance of the asset’s cost.
reduction in
► Northern Territory – announced a A$65m Jobs Rescue and superannuation hospitality, tourism, Other tax measures for small-and-medium-sized businesses
Recovery Plan. minimum drawdown seafood and export
sectors. ► Cash flow support for employers: Tax-free payment of up to a
rates by 50% for the A$25,000 for small-and-medium-sized businesses with a turnover of less
► Queensland – announced an extension of COVID-19 payroll 2019-20 and 2020- than A$50 million that employ workers. These eligible businesses will
tax deferral offer to eligible QLD businesses. ► Aviation rescue
21 income years. package - the Federal receive a payment equal to 50% of their pay-as-you-go (PAYG)
Government has instalments withheld, delivered as a credit in their business activity
► South Australia - announced an immediate economic stimulus statements from March to June 2020, with a minimum A$2,000
package worth A$350m with further details to be announced. announced a A$715m payment and a cap of A$25,000.
aviation package for
► Tasmania - announced a A$420m stimulus package targeted Australian airlines. ► Supporting apprentices and trainees: Eligible small business employers
at the hospitality, tourism, seafood and export sectors. with fewer than 20 employees can apply for a wage subsidy of 50% of the
apprentice’s or trainee’s (in training as at 1 March 2020) wage for up to
► Victoria – announced a A$1.7b economic survival and jobs 9 months from 1 January to 30 September 2020, up to A$21,000 per
package. apprentice. Employers can register for the subsidy from early April 2020
with final claims for payment due by 31 December 2020.
► Western Australia - announced a A$607m stimulus package.
Page 5 EY Tax COVID-19 Response TrackerAustralia (cont).
Back to top
Business tax (cont.) Business tax Links and resources
Australian Taxation Office administrative concessions for businesses affected by Northern Territory EY Materials
COVID-19 – not automatic (businesses must contact the ATO)
► Payment deferrals - Up to four months deferral of tax obligations through
► Extension to payroll tax exemption for hiring Territory employees to 30 https://asia-pac.ey-vx.com/287/14380/landing-pages/ey-tax-
Business Activity Statements (BAS), income tax assessments, fringe benefits tax June 2021. alert---australian-government-12-march-economic-package-
(FBT) and excise tax. including-tax-and-investment-incentives---analysis.pdf
► Grant of A$10k to businesses for new permanent physical improvements.
► Changes of business reporting cycle to monthly where GST refunds are available.
Queensland Federal Government materials
► PAYG instalments support - Allowing businesses to vary such instalment amounts
(tax withheld from employee remuneration) to zero for the March 2020 quarter. ► Payroll tax support – extension of its COVID-19 payroll tax deferral offer to https://treasury.gov.au/sites/default/files/2020-03/Overview-
Businesses that vary PAYG instalments to zero can also claim a refund for any eligible businesses in Queensland until 31 July 2020. Economic_Response_to_the_Coronavirus.pdf
instalments made for the September and December 2019 quarters.
South Australia https://treasury.gov.au/sites/default/files/2020-03/Overview-
► Remission of interest and penalties on tax liabilities incurred on or after
23 January 2020 for COVID-19 affected businesses. ► Announced an immediate economic stimulus package worth A$350m with Economic_Response_to_the_Coronavirus_0.pdf
► Low interest payment plans on ongoing tax liabilities for affected businesses.
further details to be announced.
► Access to relief options are based on discussions with the ATO and will vary on a Tasmania
case-by-case basis.
► Payroll tax liabilities waived for last four months of this financial year for
► International tax – central management and control may not be in Australia if a businesses in the hospitality, tourism, seafood and export sectors.
nonresident company holds board meetings in Australia due to travel restrictions.
Similarly, unplanned employee presence of a foreign company in Australia may ► Other businesses with payrolls of less than A$5m can apply based on
not lead to a permanent establishment in Australia. COVID-19 impact for a payroll tax waiver for the April to June 2020 period.
Australian Capital Territory (ACT) ► One year payroll tax rebate from April 2020 for businesses employing
► Payroll tax deferral (interest free) for FY20/21 for businesses paying• Contact: Steve Claes – Tax Policy
Belgium • Contact: Jean-Charles van Heurck – Tax Desk
• Last updated: 18 March 2020
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Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► Support for temporary ► Upon request, payment plan, waiver of late ► Upon request, payment plan, Government materials
unemployment benefits payment interest and waiver of penalties for non- waiver of late payment interest,
due to Covid-19 (under payment is available (conditions need to be met) and waiver of penalties for non- ► https://finances.belgium
conditions) payment is available (conditions .be/fr/entreprises/mesu
► Periodic VAT returns need to be met) res-de-soutien-dans-le-
cadre-du-coronavirus-
Return for February 2020, normal deadline being 20 ► Increased tolerance for home covid-19
March 2020: deadline extended until 6 April 2020. office workers to not constitute a
PE in view of the Belgium- ► https://finances.belgium
Return for March 2020, normal deadline being 20 April .be/fr/Actualites/conven
2020: deadline extended until 7 May 2020. Luxembourg tax treaty
tion-belgo-
Return for the first quarter of 2020, normal deadline ► Increased tolerance for home luxembourgeoise-
being 20 April 2020: deadline extended until 7 May office workers to not constitute a préventive-de-la-double-
2020. PE in view of the Belgium-France imposition-mesure-
tax treaty exceptionnelle
Payment of VAT
► Furthermore, there are measures ► https://finances.belgium
An automatic deferral of payment of 2 months for VAT in place for companies that suffer .be/fr/Actualites/%ef%8
without having to pay fines or interest applies. This from financial trouble caused by 3%98belgique-france-
deferral will apply to: the COVID-19 situation. They can régime-travailleurs-
complete an application form. frontaliers-–-
VAT payment for monthly return - February 2020, This application allows additional
normal deadline being 20 March 2020: deadline coronavirus-covid-19
payment periods, an exemption
extended until 20 May 2020 from default interest and/or ► https://www.onem.be/fr
VAT payment for monthly return - March 2020, normal remission of fines for late /nouveau/chomage-
deadline 20 being April 2020: deadline extended until payment temporaire-la-suite-de-
20 June 2020 lepidemie-de-
coronavirus-covid-19-
VAT payment for monthly return - first quarter of 2020, en-chine-et-dans-
normal deadline being20 April 2020: deadline extended dautres-pays-ou-la-
until 20 June 2020 maladie-sest-propagee-
update-18032020
In addition to this automatic deferral of payment,
taxpayers can also apply for instalment payments of the
debts relating to VAT
Page 7 EY Tax COVID-19 Response Tracker• Contact: Washington Coehlo – Tax Policy
Brazil • Contact: Gustavo Carmona – Brazil Tax Desk
• Last updated: 23 March 2020
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Overview Personal Tax VAT, GST and Business Links and resources
Trade tax
► The Brazilian Minister of Economy on 16 March presented proposals
to counter the economic slowdown deriving from the coronavirus ► The Government is ► Reduction to 0% of the Government materials
spread. The proposals will need to be analyzed and debated by evaluating the Import Duty due on
Congress. The tax related items are mainly focused on making extension of the import of products
medical related items cheaper, as well as to help small businesses. deadline for the necessary to counter • Imported products subject to
submission of covid-19 until Import Duty Reduction:
► Extended term for payment of the Federal taxes under the “Simple” Individual Income Tax September 2020. http://www.in.gov.br/en/web
system: simplified taxation applicable to small companies. returns for 2020, Products are listed on /dou/-/resolucao-n-17-de-17-
► Postponement of deadlines related to collection assessments and base year 2019. Annex I of CAMEX de-marco-de-2020-
facilitation to join debts program. Currently the period Resolution #17/20. 248564246
for submitting the IR
► There are also proposals that lead to reduction in the cost of labor: is from March 2 to ► Simplification and
(a) extended term for payment of contributions to employees April 30. acceleration of customs
Severance Indemnity Fund (FGTS) for 3 months; (b) 50% reduction clearance process for
on a portion of contributions due on payroll (“Sistema S” for a products related to
period of 3 months). counter covid-19 (fixed
assets and raw
► Other proposals to allow for better access to financing, or to have materials).
anticipated cash payments to certain individuals: (a) Proger/FAT
credit for micro and small businesses; (b) simplification of ► While the above two
requirements for contracting credit and exemption of measures are already
documentation for credit negotiation; (c) Anticipation of the 1 st enacted, the
installment payment of the 13 salary for retirees and pensioners for government is also
April and the 2nd installment payment for May; (d) release of BRL 15 proposing exemption of
billion in benefits of up to R$ 200.00 for informal and self-employed Excise Tax for local and
workers for the next three months. imported products to
counter covid-19.
► The Central Bank reduced the SELIC rate (basic interest rate of the
Brazilian economy) in 0.5% (from 4.25% to 3.75%).
► Postponement of loan payments made through Caixa Economica
(Federal Bank) for at least 2 months (individuals and companies) and
reduction on interest rates of loans. The bank has also released
funds to loans for public hospitals (BRL 3 billion).
Page 8 EY Tax COVID-19 Response TrackerCanada
• Contact: Fred O’Riordan - Tax Policy
• Last updated: 21 March 2020
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Overview Personal Tax VAT, GST and Business tax Links and resources
Trade
• On March 18, 2020, Prime Minister Trudeau • The Canada Revenue Agency (CRA) will defer • See under • The return filing due date for Government materials
announced a new set of economic measures the filing due date for the 2019 tax returns of “Business Tax”: The corporations has not been deferred.
individuals, including certain trusts.
• https://www.canada.ca/en/depar
to help stabilize the economy to be delivered CRA will not • However, the CRA will allow all tment-
as part of the Government of Canada’s • For individuals (other than trusts), the return contact any small businesses to defer, until after August
filing due date will be deferred from April 30 finance/news/2020/03/canadas-
COVID-19 Economic Response Plan. The or medium (SME) 31, 2020, the payment of any income tax
until June 1, 2020. Individuals who expect to amounts that become owing on or after covid-19-economic-response-
Plan will provide up to CAD$27 billion in receive benefits under the GSTC or the businesses to plan-support-for-canadians-and-
today and before September 2020. This
direct support to Canadian workers and Canada Child Benefit are encouraged not to initiate any post relief would apply to tax balances due, as businesses.html
businesses. delay the filing of their return to ensure their assessment well as instalments, under Part I of
• These new measures were in addition to a entitlements for the 2020-21 benefit year are GST/HST or Income the Income Tax Act. No interest or
properly determined. Tax audits for the penalties will accumulate on these
EY materials
coordinated package of measures to support
the functioning of markets, the resilience of • For trusts having a taxation year ending on next four weeks. amounts during this period. • https://globaltaxnews.ey.com/ne
the financial sector and continued access to December 31, 2019, the return filing due date The Canada • The CRA will not contact any small or ws/2020-5405-canada-
financing for Canadian businesses on March
will be deferred from March 31 until May 1, Revenue Agency medium (SME) businesses to initiate any announces-certain-tax-measures-
2020. post assessment GST/HST or Income Tax to-support-canadians-and-
13, 2020 by the Minister of Finance, will temporarily
• The CRA will allow all taxpayers to defer, until audits for the next four weeks. The CRA businesses
Governor of the Bank of Canada and suspend audit
after August 31, 2020, the payment of any will temporarily suspend audit interaction
Superintendent of Financial Institutions. interaction with with taxpayers and representatives for
income tax amounts that become owing on or
• Canadian provincial governments have also after March 18, 2020 and before September taxpayers and most of these businesses.
announced stimulus measures within their 2020. This relief would apply to tax balances representatives for • The CRA’s Liaison Officer service offers
own jurisdictions. due, as well as instalments, under Part I of most of these help to owners of small businesses to
the Income Tax Act. No interest or penalties businesses. understand their tax obligations.
• The Bank of Canada on 4 March cut the key will accumulate on these amounts during this Traditionally available in-person, this
interest rate by 0.5% to 1.25% due to period. service is now available over the phone
Coronavirus concerns. The bank stated that • To reduce the need for taxpayers and and will be customizing information
it's becoming clear the country will not grow preparers to meet in person and reduce during these challenging times by
as much as its previous forecasts indicated administrative burden, the CRA will recognize ensuring small businesses are aware of
with rail line blockades, teacher strikes in electronic signatures as meeting the signature any changes such as filing and payment
Ontario and a harsh winter also impacting on requirements of the Income Tax Act, as a deadlines, proactive relief measures, etc.
growth. temporary measure..
Page 9 EY Tax COVID-19 Response Tracker• Contact: Victor Fenner – Tax Policy
Chile • Contact: Mariela Gonzalez – Tax Desk
• Last updated: 23 March 2020
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Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► The Chilean IRS has ► The Government is ► Postponing tax sworn Government materials
launched new online considering postponing VAT statements.
payment due for March. ► http://www.sii.cl/servicios_onli
tools in its website Small / medium companies: ne/index.html
enabling the aquisition of ► Customs has issued a Circular
tax ID, and improving ► Deferral of VAT payments
waiving penalties for for the next 3 months.
managing of monthly amendment of documents
taxes. needed in the context of ► Deferral of Real Estate Tax
► The Treasury on 10 Covid-19. return (to be paid in April)
March put in place an
► Deferral of income tax return
incentive economic
until July 2020.
package mainly focused
on the supply of funds ► Relieve measures for tax
and to support debt, with the objective of
small/medium business improving payment
for an amount of USD agreements.
$11,750 Million,
equivalent to 4.7% of
Chilean GDP. Benefits All companies;
include sanitary
systems, family ► Monthly advance payments
revenues and (in advance of Corporate
employment protections. Tax) are suspended for the
next 3 months.
► Local banks have
announced a waiver on ► Exemption of Stamp tax
the prospective (applicable to credit cash
deadlines for loans and operations) for the next 6
interests granted months.
(benefit for March).
► Deductibility of all expenses
incurred by Chilean
companies that are COVID-
19 related.
Page 10 EY Tax COVID-19 Response Tracker• Contact: Becky Lai – Tax Policy
Mainland China • Contact: Min Fei - China Tax Desk
• Last updated: 22 March 2020
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Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► Remove the cap on foreign debt ► Individual Income ► Enterprises of key medical and daily living supplies ► Equipment purchased by the Government materials
for enterprises where it is Tax (IIT) exemption (KSMEs) may apply to the competent tax authorities for a manufacturing enterprises of
necessary on additional full refund of the incremental input Value Added Tax KSMEs for expanding production ► http://www.chinatax.gov.cn/
allowance and bonus (VAT) credits incurred after the end of December 2019 on capacity is allowed to be one-off eng/n4260854/c5146227/5
► Pump a total of 1.2 trillion yuan for medical staffs a monthly basis deducted in the same period for 146227/files/2c0c7d469b20
(USD 172 billion) via reverse and qualifying CIT purposes 4eeeaae57d2bf27f5f36.pdf
repos to inject funds into the personnel who has ► Exempt VAT for small-scale VAT taxpayers in Hubei and
market to ensure ample liquidity reduce VAT collection rate for those in other regions ► Extend the carry-forward period EY materials
been involved in for loss incurred in 2020 from 5 to
and supply Covid-19 (effective from 1 March 2020 to 31 May 2020) ► https://www.ey.com/Publicat
8 years for qualifying enterprises ion/vwLUAssets/ey-ctie-
► Adopt financial measures prevention, ► Cross-border donations for supporting the epidemic
covering aspects including treatment and or prevention and control are exempt from import duties and ► Qualifying donations are allowed to 2020010-eng/$FILE/ey-ctie-
liquidity and credit, livelihood handling related import-level VAT and Consumption Tax (CT) be deducted in full for CIT purposes 2020010-eng.pdf
finance, financial infrastructure, emergencies
For prescribed imports from USA, the tariff reduction ► Better law enforcement: tax ► https://www.ey.com/Publicat
foreign exchange and cross- IIT exemption on
►
ion/vwLUAssets/EY-CTIE-
border Renminbi business
► obligations suspended will be resumed and the additional authority should not: carry out tax
medicines, medical tariffs that have already been levied will be refunded inspections against taxpayers 2020009-ENG/$FILE/EY-
► The Ministry of Finance also supplies and without significant risks; carry out CTIE-2020009-ENG.pdf
issued relevant fiscal policies, protective ► Entities and self-employed industrial and commercial on-site inspections without
equipment provided households (SICHs) that donate self-produced, contract- ► https://www.ey.com/Publicat
involving loan interest subsidy approval; stop issuing invoices to ion/vwLUAssets/ey-ctie-
and guarantee fee reduction from enterprises to processed or purchased are exempt from VAT, CT and taxpayers who act in accordance
employees local tax/surcharges 2020008-eng/$File/ey-ctie-
with laws 2020008-eng.pdf
► Local government departments
also released a series of ► Qualifying donations ► Temporarily waive on-site inspection for designated ► Take measures to ensure thorough
are allowed to be taxpayers’ application for VAT invoices ► https://www.ey.com/Publicat
intellectual property (IP) related implementation of tax and fee ion/vwLUAssets/EY-CTIE-
measures (e.g., IP financing from deducted in full for incentives, including providing
IIT purposes ► Provide more convenience for export VAT filing and 2020007-ENG/$FILE/EY-
financial institution, “green accelerate tax refund process amid the epidemic control timely public guideline, improving CTIE-2020007-ENG.pdf
channel for registration”) IT system and strengthening
► Social securities and supervision/ evaluation among tax
housing funds that ► Local government introduced Real Estate Tax and Urban ► https://www.ey.com/Publicat
► Local governments also Land Use Tax relief policies authorities at all levels ion/vwLUAssets/EY-CTIE-
announced other policy measures are contributed by
enterprises may be 2020006-ENG/$FILE/EY-
to support enterprises’ ► Big data analysis (particularly the data on VAT invoices) is ► Extend the tax filing deadline for CTIE-2020006-ENG.pdf
resumption of operation (e.g., reduced and leveraged to assist governments in making well-informed February and March 2020, and
providing subsidy, online approval exempted decisions promote non-contact services,
for investment projects) temporarily including online service,
► The Beijing Tax authority launched the blockchain-based personalize services and service by
general VAT invoice on a pilot basis appointment
Page 11 EY Tax COVID-19 Response Tracker• Contact: Margarita Salas – Tax Policy
Colombia • Contact: Zulay Arevalo – Tax Desk
• Last updated: 21 March 2020
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Overview Personal tax VAT, GST and Trade Business tax Links and
resources
► In the case of companies engaged in hoteling ► Due dates for filing and paying income tax return for
services, air travel services, Theatrical companies engaged in hoteling services, air travel
activities and show business activities. Due services, Theatrical activities, show business activities,
to the impact COVID-19 has had in these were postponed for the second semester of 2020.
business, the due dates for filing the March- ► Colombian Government issued a Decree by means of
April VAT return (for taxpayers which must which defers the income tax return filing and payment
file VAT returns Bi-monthly) and January – dates in relation to companies, however such deferral
April VAT return (for taxpayers who must is just for one week.
file VAT returns quarterly) were postponed
until June 30, 2020 (usually the due dates ► In relation to large taxpayers, income tax filing and
are in May). installment payment (this is the second installment
which is paid on the same date of the filing). Original
► customs duties applicable to the importation dates were between April 14th to April 27th, now due
of certain medicines, medical equipment and dates are between April 21st to May 5th.
devices as well as non-locally produced
goods for the use of air travel industry were ► In regards to financial institutions qualified as large
reduced to 0%. taxpayers, first installment payment. Original dates
were between April 14th to April 27th, now the due
► VAT due dates for taxpayers engaged in the dates are between April 21st to May 5th.
provision of alcoholic beverage in situ,
restaurants, travel agencies and tour ► For regular taxpayers income tax filing and installment
operators were deferred to June 30th. The payment (this is the first instalment): Original due
payment of the VAT tax return for the period dates were between April 14th to May 10th, now due
March-April, originally due on the first two dates are between April 21st to May 19th.
weeks of May.
► the Government issued some regulations to allow
► Due dates for filing the May-April personnel of companies located in Free Trade Zones
consumption tax returns for taxpayers (FTZ) to work outside the FTZ area by using any
engaged in the provision of alcoholic telecommunication equipment or technology that
beverage in situ and restaurants were allows remote connection of the personnel (in normal
deferred to June 30th. The payment of the circumstances, companies located in free trade zones
consumption tax return for the period must undertake all its activities within the physical
March-April, originally was due on the location of the FTZ to access to the tax and customs
two and third week of May. benefits granted under the FTZ regime)
Page 12 EY Tax COVID-19 Response Tracker• Contact: Philippos Raptopoulos – Tax Policy
Cyprus • Last updated: 20 March 2020
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Personal tax VAT/GST and Trade Business measures
Overview EY/Government
materials
► Extension of the time-period ► Non-payment of the EY materials
for filing of objections with additional contributions
Temporary two-month deferral of https://emeia.ey-
the Social Insurance payment of VAT, without the imposition to the General Healthcare
Department by self- System (GHS), which was vx.com/2594/133863/landing-
of any penalties applicable to companies pages/public-support-program-
employed individuals by one with turnover of less than €1 million or scheduled for 31 March
month to 30 April 2020 covid-19-en.pdf
where turnover reduced has fallen by 2020, for two months, by
(deadline was originally 31
March 2020). more than 25% with reference to the tax employers, employees
returns submitted during 2019. and the Government, in
► A two-month extension to Arrangements can be made so that VAT order to reinforce the
those that are required to payable due amounts will be settled
submit a tax return by 31 health sector during the
gradually by 11 November 2020.
March 2020 (the new fight against the virus and
Temporary reduction of VAT on Goods not to affect the income
and Services from 19% to 17% for a of employees and
period of 2 months and from 9% to 7% businesses.
for a period of 3.5 months, to be ► Special arrangements will
effective from enactment of the be made for the ease of
relevant VAT law. those taxpayers that
entered the Overdue
Taxes Settlement Scheme
for the duration of this
emergency situation
► A two-month extension to
those that are required to
submit a tax return by 31
March 2020 (the new
deadline is 31 May 2020).
Page 13 EY Tax COVID-19 Response Tracker• Contact: Lucie Rihova –Tax Policy
Czech Republic • Contact: Jakub Majer – Tax Desk
• Last updated: 23 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
• Due to the Covid-19 • The personal income tax return for • Suspension of obligations from • The corporate income tax return and EY materials
pandemic the Ministry of 2019 may be filed and related tax paid electronic records of sales during annual withholding tax statement for • https://emeia.ey-
Finance announced tax by 1 July 2020 without a penalty and the state of emergency and in three 2019 may be filed and related tax vx.com/2520/139210/lan
liberation measures such as related late payment sanctions subsequent months has been paid by 1 July 2020 without a ding-pages/extraordinary-
e.g. relief of various (standard deadline is 1 April 2020). announced. penalty or related late payment tax-news.pdf
sanctions for late filling of • Automatic removal of the June • Automatic removal of the penalty sanctions (this applies to entities • https://emeia.ey-
selected tax returns and advance payment on personal income for late filing of real estate with a standard deadline of 1 April vx.com/2520/139210/lan
related tax payments. tax without a need to apply. acquisition tax return and related 2020). ding-pages/government-
• The state will compensate • Introduction of Tax Loss Carry-Back late payment sanctions if the tax • Automatic removal of the June antivirus-employment-
employers for costs incurred for 2020 tax losses to be potentially return is filed before 31 August advance payment on corporate protection.pdf
for the payment of applied in 2019 and 2018 tax returns. 2020. income tax without a need to apply.
compensatory wages in the • Introduction of Tax Loss Carry-Back
event of disability due to for 2020 tax losses to be potentially
quarantine or provide partial applied in 2019 and 2018 tax
compensation in other Covid- returns.
19 related emergency
measures.
Page 14 EY Tax COVID-19 Response Tracker• Contact: Tobias R Steinø – Tax Policy
Denmark • Last updated: 18 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
Government materials:
Government is currently For businesses with VAT liable The deadlines for the payments of the
trying to prohibit gatherings payroll tax and labor market ► https://www.ft.dk/samling/2
deliveries exceeding DKK 50m
of 10 people and more. This on an annual basis, the deadline contributions are postponed by four 0191/lovforslag/l134/som_f
is, however, subject to some for such VAT payments are months for the months; April, May remsat.htm
limitations – e.g. in respect of postponed by a month for the and June.
demonstrations, access to months; March, April and May EY materials:
supermarkets, etc. – though This means that the payroll tax and ► Responding to Covid-19
subject to certain restrictions. This only applies for the labor market contribution payments
The ban is effective as of payment of positive VAT, for companies with payroll tax of ► Denmark changes tax
March 18, 2020. negative VAT can still be more than DKK 1m or a total labor legislation in light of COVID-
refunded within three weeks of market contribution of more than DKK 19
One of the initiatives from receipt of the VAT statement. 250k, both of which must continue
government is to compensate over a 12 month period, are as ► Covid-19 consequences on
organizers who cancelled or For companies with VAT liable follows: i) The payment that should Tax, Social Security and
postponed events with more deliveries between DKK 5-50m n have been made on April 30th are Immigration
than 1,000 participants from an annual basis, the payment of postponed until August 31st, ii) May
6 March to 31 March. VAT is postponed for the first 29th are postponed until September ► Corona virus (Covid-19), The
Whether the compensation quarter of 2020 and is now 30th, and iii) June 30th are most important labor law
initiative should also apply to together with the payment postponed until October 30th. issues in the Nordic
organizers who have canceled deadline of the second quarter countries
or postponed events with 100 of 2020 on September 1st For the companies below the
(or less) people or more due 2020. thresholds the payments are as
to government follows: i) The payment that should
For companies with VAT liable have been made on May 11th are
recommendations has not yet deliveries below DKK 5m on an
been clarified. postponed until September 10th, ii)
annual basis, the VAT payment June 10th are postponed until
Compensation will require an of the first half of 2020 has October 12th, and iii) July 10th are
audit opinion if the relevant been postponed and is now postponed until November 10th.
amount is above DKK 500k together with the payment
and the insurance company deadline of the second half of Please keep in mind that only the
doesn’t cover the loss. 2020 on March 1st 2021. payment has been postponed, the
reporting deadline is maintained.
Page 15 EY Tax COVID-19 Response Tracker• Contact: Fernanda Checa – Tax Policy
Ecuador • Contact: Carlos Cazar – Tax Desk
• Last updated: 20 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► The Ecuadorian government has ► President announces ► Import tariffs on medical ► The President has announced Government materials
declared a "State of Sanitary that the tax obligations products necessary to that tax obligations for the
Emergency" and a " National State of for the months of April, attend the emergency were months of April, May and June https://minka.presidenci
Exception" due to the increase in May and June 2020 eliminated. 2020 could be differed by 6 a.gob.ec/portal/usuarios
positive cases of COVID-19 in Ecuador could be differed by 6 months, but has not formalized _externos.jsf
in the last 60 days. months, but has not with a decree. Therefore, it is
formalized with a not yet applicable.
► Face-to-face work meetings are decree.
suspended from 17 to 24 March. ► IRS: The deadlines and terms of
all the tax administrative
processes and the statutes of
limitation of the collection action
are suspended, from March 16
to March 31, 2020. This
suspension does not apply for
tax returns.
► Extension for a period of 30 days
from the original statutory due
date for the presentation of the
annual balance sheet, profit and
loss statement, directors' report,
list of administrators, partners
and shareholders and others.
Page 16 EY Tax COVID-19 Response Tracker• Contact: Asmaa Ali – Egypt Tax Desk
Egypt • Last updated: 18 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► The Monetary Policy
Committee of the Central
Bank of Egypt (CBE)
decided to cut the credit
and discount rates from
12.75 percent to 9.75
percent.
Page 17 EY Tax COVID-19 Response Tracker• Contact: Klaus von Brocke
European Union • Last updated: 18 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
• On Monday 16 March the European Council ► See links and resources section • The European Commission, in a EU materials
issued a statement detailing a range of practical ► Global Trade/Customs press release, notes that it stands ► https://eur-
and financial measures on which it will provide measures from the European ready to work with all Member States lex.europa.eu/legal-
support to Member States as part of Union - On the consequences to ensure that possible national content/EN/TXT/?uri=uriserv:
its coordinated responses to protect the EU of the Covid-19 outbreak on support measures to tackle the OJ.C_.2020.086.01.0006.01.
economies, These proposals include, amongst outbreak of the Covid-19 virus can ENG&toc=OJ:C:2020:086:TOC
anti-dumping and anti-subsidy
other points, using the full flexibility of our investigations. be put in place in a timely manner, in ► https://eur-
State-aid and fiscal frameworks, mobilizing the line with EU rules. To this end, the lex.europa.eu/legal-
► Global Trade/Customs measure
EU budget to allow the EIB Group to provide Commission has established a content/EN/TXT/?uri=uriserv:
from the European Union - OJ.LI.2020.077.01.0001.01.E
short-term liquidity to SMEs, and directing €37 Export licenses are required for dedicated contact point for Member
NG&toc=OJ:L:2020:077I:TOC
billion to the fight Covid-19 under the certain vital products. States to provide them with
Coronavirus Response Investment Initiative. guidance on possibilities under EU ► https://eur-
► Global Trade/Customs lex.europa.eu/legal-
rules.
measures of the European content/EN/TXT/?uri=uriserv:
• On 20 March the European Commission Union - On conformity OJ.LI.2020.079.01.0001.01.E
proposed the activation of the general escape assessment and market NG&toc=OJ:L:2020:079I:TOC
clause of the Stability and Growth Pact (SGP) surveillance procedures within
the context of the Covid-19
threat.
Page 18 EY Tax COVID-19 Response Tracker• Contact: Jukka Lyijynen – Tax Policy
Finland • Last updated: 23 March 2020
Back to top
Overview Personal Tax VAT, GST and Trade Business tax Links and resources
On 16 March 2020, the Finland is expected to provide a The interest rate for late payment Government materials
Government, in cooperation range of VAT easements. is reduced to 4% (currently 7%) for
with the president, declared taxes due from 1 March 2020. Responding to Covid-19
a state of emergency in The Finnish tax authorities The deadlines for paying taxes are
Finland. cannot grant more time for filing postponed (further details of this Corona virus (Covid-19), The
VAT returns or other tax returns are not yet known). most important labor law
Relevant measures are for self-assessed taxes.
Pension funds may grant upon issues in the Nordic countries
expected in an However, tax payers can
application a postponement up to 3
extraordinary budget bill request that the late-filing
months for pension premiums paid Corona situation: Recent
scheduled to be presented penalty is removed. If tax payers
by employers and self-employed updates (Finnish tax
to the Parliament on March have a justified reason for filing
individuals. authorities)
20, 2020. late, such as illness, you may
not have to pay a late-filing The advance tax payments of
The Finnish Tax penalty, corporate income tax can be
Administration will ease the lowered upon a request of the
terms of payment taxpayer without interim financial
arrangements for the time statements, revised budget or
being. In addition, the other documentation.
Ministry of Finance is
preparing a legislative
amendment that will
temporarily lower late-
payment interest rates for
taxes in a payment
arrangement.
Page 19 EY Tax COVID-19 Response Tracker• Contact: Jean-Pierre Lieb – EMEIA Tax Policy & Controversy
France •
•
•
Contact: Charles Menard – Tax Policy
Contact: Frederic Vallat – France Tax Desk
Last updated: 23 March 2020
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Overview Personal Tax VAT, GST and Trade Business tax Links and resources
► The French President has affirmed ► For the self-employed, the rate ► The postponement can only ► Postponement upon request and without
Government materials
his support to French companies and the down payments at source concern direct taxes and not VAT penalty of the payment of the upcoming
with exceptional measures for of income tax can be adjusted at and similar taxes (VAT or excise direct taxes instalment (for corporate https://www.impots.gouv.fr/po
deferring tax and social charges, any time. It is also possible to duties are indirect taxes collected income tax down payment and/or payroll rtail/node/13465
supporting the postponement of defer the payment of the personal by businesses on behalf of the tax). If the March payment has already
bank instalments and State income tax down payments from state, no payment deferrals are been made, companies still have the
guarantees up to 300 billion euros one month to another up to three expected today). option of opposing the SEPA direct debit
for all bank loans. times if monthly installments, or from their bank or of requesting
from one quarter to the next if ► The government affirmed the reimbursement to the tax authorities. A
► For the smallest French companies quarterly installments. These objective of a rapid refund of specific form to benefit from these
and for as long as the current adjustments can be made via the excess input VAT to the measures is available on the tax
situation will last, the payment of website impots.gouv.fr, under the companies (i.e., within 1 month in authorities’ website.
taxes, social security contributions, heading "Manage my direct debit" 80% of cases).
or various invoices (e.g., water, gas (before the 22nd of a given month, ► If the deferral of payment is not
or electricity and rents) may be ► The Amending Finance Bill for sufficient, it is possible to obtain direct
in order to be taken into account 2020 adopted by the National
suspended. for the following month). tax rebates, penalties or interest on
Assembly contains a measure arrears on outstanding tax debts by
► The partial unemployment scheme ► For employee’s, no deferrals or allowing exemption from customs providing information on financial
will be massively extended for discounts are contemplated for and similar duties on the import difficulties encountered by filling in frame
employees, and a solidarity fund the employee’s payments at and delivery of certain goods 2 of the form.
will be funded by the State for source of personal income tax. needed in the event of a state of
entrepreneurs, merchants, health emergency. ► The monthly payment of the corporate
artisans. property tax (“CFE”) or the property tax
(“taxe foncière”), can be suspended
► The government affirmed the without penalty.
objective of quick payment of
suppliers of public administrations ► The government affirmed the objective of
(i.e., on average 20 days). rapid refund of tax credit for
competitiveness and employment
► The employee and employer social ("CICE") (i.e., within 3 months in 75% of
contributions payments (URSSAF) cases).
due on the 15th of March 2020
may be postponed upon request, in ► The pending tax audits are continuing but
whole or in part, for up to 3 "with discernment".
months.
Page 20 EY Tax COVID-19 Response Tracker• Contact: Hermann Gauss – Tax Policy
Germany • Contact: Tobias Appl – Tax Desk
• Last updated: 22 March 2020
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Overview
► On 13 March 2020, Federal Minister of Finance Olaf Scholz (SPD) syndicated loans. part of this, eligibility requirements will be loosened as follows:
and Federal Minister for Economic Affairs and Energy Peter
Altmaier (CDU) agreed on a far-reaching package of measures to For companies with a turnover of more than €5 billion, support will - Reduction of necessary proportion of affected employees to 10%
protect jobs and support companies. The government is creating a continue to be provided on a case-by-case basis. (from previously one third).
protective shield for employees and companies who are affected ► For guarantee banks (Bürgschaftsbanken), the guarantee limit will - In companies where agreements on working time fluctuations are
by the impact of the coronavirus. It consists of four pillars: be doubled, to €2.5 million. The Federation will increase its risk used, no negative working time accounts must be created.
1. Making the reduced hours compensation benefit share in guarantee banks by 10% to make it easier to shoulder
risks, which are difficult to assess in times of crisis. The upper limit - Availability also to temporary agency workers
(Kurzarbeitergeld) more flexible (Leiharbeitnehmer).
of 35% of operating resources in guarantee banks’ total exposure
2. Tax-related liquidity assistance for businesses will be increased to 50%. To accelerate liquidity provision, the - Complete reimbursement of social security contributions by the
Federation is giving guarantee banks the freedom to make Federal Labour Office.
3. A protective shield worth billions for businesses guarantee decisions up to €250,000 independently and within a
4. Strengthening European cohesion period of three days. ► In view of the corona crisis, the Federal Government is planning a
supplementary budget of more than 150 billion euros for 2020.
In a first step, existing liquidity assistance programs will be The large guarantee program (parallel guarantees from the Half of the budget (at least 50 billion euros) shall be used to set up
expanded to make it easier for companies to access cheap loans. Federation and the Länder) will be opened up to companies in an emergency fund for small businesses and solo self-employed
other regions, as well. persons (e.g. grants and loans). In addition, the supplementary
► Conditions for the KfW-Unternehmerkredit (business loan for budget includes significantly more money for hospitals and family
existing companies) and the ERP-Gründerkredit-Universell (start- ► For companies that have temporary serious financial difficulties
because of the crisis and therefore do not have easy access to policy services than the previous budget and ultimately it takes
up loan for companies that are less than five years old) will be into account an expected decrease of tax revenues. The
loosened by raising the level of risk assumptions (indemnity) for existing support programs, additional special KfW programs will be
launched. These special programs are now being submitted to the supplementary budget is expected to be passed by the Bundestag
operating loans and extending these instruments to large already within the upcoming week.
enterprises with a turnover of up to €2 billion (previously, the limit European Commission for approval.
was €500 million). Higher risk assumptions of up to 80% for ► On 16 March 2020, the Federal Ministry of Justice and Consumer ► It is expected that, in a meeting on 23 March 2020, the Federal
operating loans of up to EUR 200 million will increase banks’ Protection has announced that until 30 September 2020 the Government will discuss the option to apply an exemption from the
willingness to extend credit. obligation to file for insolvency for affected companies will be debt brake (Schuldenbremse) which is stipulated in the federal
suspended. The precondition is that the reason for insolvency is constitution. An exception from the debt brake must be approved
► In the case of the “KfW Loan for Growth”, the program aimed at by a majority of the members of the Bundestag.
larger companies, the current turnover threshold of €2 billion will based on the effects of the coronavirus and that there are
be raised to €5 billion. In the future, these loans will take the form reasonable chances of financial recovery either due to an ► Further, the Federal Government also plans to reopen the former
of syndicated loans and will not be restricted to projects in one application for a public aid program or due to serious financing or bank rescue fund “Soffin” and convert it into an "economic
particular field (in the past, only innovation and digitalization restructuring negotiations of an applicant. stabilization fund" for all companies. This protective shield may
projects were eligible). Risk assumption will be increased to up to ► Retroactively as of 1 March 2020, the rules on reduced hours have a volume of around 500 billion euros and is mainly intended
70% (from 50%). This will improve larger companies’ access to compensation benefit (Kurzarbeitergeld) will be adapted and as to cover the liabilities of companies with state guarantees.
Page 21 EY Tax COVID-19 Response TrackerGermany (continued).
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Business Tax
► After political announcement and after individual federal states abstain from enforcement measures until 31 December Regarding the wage tax, we expect further guidance to be
had already published decrees and information on deferral and 2020. In that case late-payment penalties which would issued by the tax authorities in the near future. There are
enforcement relief in connection with the coronavirus, on 20 otherwise be levied from 20 March 2020 until 31 December currently no statements regarding comparable liquidity support
March 2020, the Ministry of Finance now also specified the tax 2020 shall be waived. or aid measures for social security contributions.
relief measures in two official letters (decree of the Federal
Ministry of Finance and identical decrees of the federal states ► Who can benefit? According to the decree only those taxpayers ► What has to be demonstrated? The above mentioned requests
on trade tax aspects). The basic intention is to avoid liquidity shall benefit from the tax relief measures who can demonstrate shall not be rejected because the taxpayers cannot prove the
bottlenecks for taxpayers due to tax payments. Overall, that they are directly and not insignificantly affected by the value of the damages incurred or expected to incur in detail. The
businesses shall be able to defer billions of Euros in tax economic consequences of the coronavirus. Only indirectly tax authorities are asked to not apply strict requirements when
payments. and/or insignificantly affected taxpayers shall at least based on reviewing the conditions for applying the above measures.
the wording of the decrees not benefit. Whereas it is unclear Hence, it should generally be sufficient to show that a taxpayer
► The measures outlined in the decree are as follows: when a taxpayer is considered to be directly and not is directly and not only insignificantly affected.
insignificantly affected, the tax offices are generally asked to
- Deferral of tax payments: Taxpayers which can demonstrate not apply too strict requirements when checking the conditions.
that they are directly and not insignificantly affected may, It is in particular not required that the taxpayer can document
until 31 December 2020, submit applications for the deferral and prove the specific damages and the corresponding
of taxes which are already due or are becoming due until that amounts.
date. Requests for deferral of taxes which become due after
31 December 2020 must be specifically justified. Interest on ► Which taxes are covered? The two decrees in particular cover
deferred taxes shall generally be waived. VAT, personal income tax, corporate income tax and trade tax
(the later is covered by the identical state decrees).
- Reduction of tax prepayments: Taxpayers may, until 31
December 2020, submit applications for the adjustment of Not covered are for example wage tax and other withholding
tax prepayments. Requests for adjustment of tax taxes (e.g. dividend and royalty withholding tax) payable by a
prepayments which only concern periods after 31 December third party. However, the overall context of the decrees should
2020 must be specifically justified. As soon as it becomes be understood in a sense that the same liquidity sequence is
clear that a taxpayer’s income in the current year is expected achieved through the above-mentioned deferral of enforcement
to be lower than in the previous year, tax prepayments shall measures without penalties. The Bavarian tax authority also
be reduced in a swift and straightforward manner. points out on its homepage wage and other withholding taxes
- Waiver of enforcement measures and penalties: If the tax cannot be deferred, but that there is the possibility of
office becomes aware of the fact that a taxpayer is directly submitting an application for a waiver of enforcement measures
and not insignificantly affected, either through notification of with the competent tax office. Thus, upon filing of the
the debtor or in some other way, the tax office should application, all tax payments covered by the measures could be
stopped.
Page 22 EY Tax COVID-19 Response TrackerGermany (continued).
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Personal Tax VAT, GST and Trade Links and resources
► See business tax ► For VAT see also business tax Government materials
measures measures.
German version: Ein Schutzschild für Beschäftigte und Unternehmen
► With regard to taxes that are
administered by the customs https://www.bundesfinanzministerium.de/Content/DE/Pressemitteilungen/Finanzpolitik/2020/03/2020-03-13-
administration (e.g. energy duty download-de.pdf?__blob=publicationFile&v=2
and aviation tax), the Central
Customs Authority English version: A protective shield for employees and companies
(Generalzolldirektion) has been https://www.bundesfinanzministerium.de/Content/DE/Pressemitteilungen/Finanzpolitik/2020/03/2020-03-13-
instructed to make appropriate
concessions to taxpayers. The download-en.pdf?__blob=publicationFile&v=2
Central Customs Authority has
already reacted and provided German version only: suspension of insolvency filing
further guidance on its homepage. https://www.bmjv.de/SharedDocs/Zitate/DE/2020/031620_Insolvenzantragspflicht.html
► The same applies to the Federal
Central Tax Office
(Bundeszentralamt für Steuern), German version: KfW-Corona-Hilfe: Kredite für Unternehmen
which will proceed accordingly with https://www.kfw.de/KfW-Konzern/Newsroom/Aktuelles/KfW-Corona-Hilfe-Unternehmen.html
regard to insurance tax and value
added tax, which fall within its
remit. English version: KfW coronavirus aid: loans for companies
https://www.kfw.de/KfW-Group/Newsroom/Latest-News/KfW-Corona-Hilfe-Unternehmen.html
German version only: Corona-Krise: Bürgschaftsbanken erweitern Unterstützung von KMU
https://www.vdb-info.de/aktuelles/pressemitteilungen/corona-krise-buergschaftsbanken-erweitern-
unterstuetzung-von-kmu#
German version only: Corona-Virus: Informationen für Unternehmen zum Kurzarbeitergeld
https://www.arbeitsagentur.de/news/corona-virus-informationen-fuer-unternehmen-zum-kurzarbeitergeld
Page 23 EY Tax COVID-19 Response TrackerYou can also read
