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EY Tax COVID-19 Response Tracker 1 April to SCORE Reviewers BMC Comments.Pptx EY Tax Covid-19 Response Tracker 4 April 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. • Find the most current version of this tracker on ey.com. • Please consult with your EY engagement team to check for new developments. EY teams have developed additional trackers to help you follow changes: ► Immigration Policy ► Labor and Employment Law ► Tax Controversy EY professionals are updating the trackers regularly as the situation continues to develop. Questions or comments: [email protected] Page 2 EY Tax Covid-19 Response Tracker Jurisdictions covered (109) Trinidad and El Salvador Hungary Mexico Peru Albania Bulgaria * Kazakhstan Sint Maarten * Tobago Zambia * Algeria Canada * Estonia Iceland Kenya Moldova Philippines * Slovakia Tunisia European Argentina Chile Kosovo Montenegro Slovenia Turkey Union India * Poland * Armenia Colombia Finland Indonesia Latvia Morocco Portugal South Africa Uganda Australia * Costa Rica France * Iraq Lebanon Netherlands* Puerto Rico South Korea Ukraine United Arab Austria Curacao Georgia Lithuania New Zealand Qatar Spain Ireland * Emirates United Bahrain Cyprus Germany Israel * Luxembourg* Nigeria Romania Suriname * Kingdom * Czech Barbados Ghana Italy Macedonia Norway Russia Sweden United States Republic* Belgium Denmark Gibraltar Ivory Coast * Mainland China Oman Rwanda Switzerland Uruguay Dominican Greece Malaysia Palestine Saudi Arabia Uzbekistan Bolivia Republic Jamaica Syria Bosnia and Guatemala Japan Malta Panama Serbia Taiwan Venezuela Herzegovina Ecuador * Brazil * Egypt Hong Kong Jordan Mauritius Paraguay Singapore Thailand Vietnam *New jurisdiction *Updated in today’s edition * Including Bonaire, Sint-Eustatius and Saba Page 3 EY Tax Covid-19 Response Tracker • Contact: Milen Raikov - Tax Policy Albania • Last updated: 2 April 2020 Find the most current version of this tracker on ey.com Return to jurisdiction list Overview Personal VAT, GST Business tax Links and resources tax and trade • Albania has adopted a series of financial measures in response to the Covid-19 • The deadline to submit the Financial Government materials outbreak, including: Statements for the year 2019 and • $22 million additional funding for the health sector to support frontline agencies accompanying information, as • http://financa.gov.al/nj with medical supplies and financial support for medical staff. required by the administrative oftim-per-shtyp-2/ • $100 million of Government-backed and guaranteed loans to businesses that face guidelines, has been extended to 31 July 2020, from 31 March 2020. difficulties in paying employees’ salaries. • https://www.tatime.go • $58 million as a reserve fund to provide social protection related to the Covid-19 • The deadlines for taxpayers with v.al/c/8/45/lajme crisis for: annual turnover below ALL 14 million, have been extended to the • vulnerable groups by doubling the unemployment benefits and social assistance end of 2020 for the following • https://www.bankofalb payouts liabilities: ania.org/Press/Press_R eleases/Measures_und • small businesses/self-employed individuals that are forced to cease business • Payment of the income tax ertaken_by_the_Bank_ activities due to the Covid-19 pandemic by paying them twice the minimum liability due for 2019, as declared of_Albania_on_the_res salary amount. in the income tax return for cheduling_the_instalme • $18 million for defense spending for humanitarian relief and community services 2019, less any advance payment nts_of_loans.html for vulnerable group. made • $9 million as a reserve fund for the Council of Ministers for any unforeseen • Advance payments of income tax emergency.. for all quarters of 2020 • https://www.bankofalb ania.org/Press/Press_R • The Bank of Albania announced a temporary change in the provisioning • Advance payment deadlines for eleases/Monetary_Polic requirements, effective from 12 March 2020 to 31 May 2020, enabling clients to small taxpayers subject to the y_Decisions_25_3_202 ask banks and other financial institutions to defer loan installments without simplified profit tax have been 0.html penalties. extended for the first and second • On 25 March 2020, the Bank of Albania reduced interest rates by 0.5 percentage quarter to 20 October 2020 and for points to 0.5 percent. the third and fourth quarter to 20 • The government declared a state of natural disaster on 24 March 2020 December 2020. • Court proceedings are suspended and deadlines for indictments and appeals are deferred. Page 4 EY Tax Covid-19 Response Tracker • Contact: Imene Henni - Tax Policy Algeria • Last updated: 23 March 2020 Find the most current version of this tracker on ey.com Return to jurisdiction list Overview Personal tax VAT, GST and trade Business tax Links and resources ► The Directorate General ► Postponement of monthly tax ► Postponement of monthly tax ► Postponement of monthly tax Government materials of Taxes has informed return G n° 50 submission for return G n° 50 submission for return G n° 50 submission for taxpayers other than February until 20 April 2020 for February until 20 April 2020 February until 20 April 2020 https://www.mfdgi.gov.dz/i those registered at taxpayers other than those for taxpayers other than those for taxpayers other than ndex.php/8-contenu-en- "DGE" (Tax Directorate registered at the DGE. registered at the DGE. those registered at the DGE. francais/actualites/1625- of large companies) test that the filing of declarations and the payment of duties and taxes related to the monthly tax return of February (in principle to be submitted before March 20th) are postponed exceptionally to 20 April, without application of penalties. Page 5 EY Tax Covid-19 Response Tracker • Contact: Ariel Becher – Tax Policy Argentina • Contact: Juan I. Pernin – Tax Desk • Last updated: 27 March 2020 Find the most current version of this tracker on ey.com Return to jurisdiction list Overview Personal tax VAT, GST and Business tax Links and resources trade Government materials ► Argentina has issued emergency ► Extension of due date to 30 ► Exemption of import ► Exemption of Social Security taxes for measures to address the economic April 2020 for employees to duties for medical certain companies engaged in activities ► https://www.argentina.gob.ar/not impacts of the Covid-19 pandemic. inform their employers on supplies and vaccines particularly affected by the Covid-19 icias/los-ministros-de-economia-y- general and personal pandemic (e.g. tourism, entertainment de-desarrollo-productivo- ► Suspension by the Federal tax deductions for income tax ► Acceleration on export industries, restaurants, hotels and authority between 18 and 31 March drawbacks anunciaron-un-paquete-de- applicable for tax year 2019 passenger transport activities). This medidas-para 2020 of procedural time limits (Form 572) exemption could potentially be extended to related to federal tax, social security companies dealing with logistic or supply ► http://servicios.infoleg.gob.ar/inf and customs obligations. This ► Extension of due date to 29 chain issues due to the pandemic olegInternet/verNorma.do?id=33 measure does not include the May 2020 for employers to 5646 extension on regular deadlines prepare annual income tax ► Reduction for 90 days of 95% of Social previously established for tax returns on their employees for tax Security contributions for employers on ► http://servicios.infoleg.gob.ar/inf filings and payments year 2019 health activities olegInternet/verNorma.do?id=33 5423 ► Federal tax authority agencies will ► Reduced 0.25% and 0.5% rates (instead of limit on-site attention to taxpayers general 0.6% and 1.2%) on tax on debits ► http://servicios.infoleg.gob.ar/inf until 31 March 2020, rescheduling and credits in bank accounts for employers olegInternet/anexos/335000- the appointments already planned. on health activities for 90 days 339999/335742/norma.htm Other Government agencies (e.g. Inspection Board of Legal entities) ► Mandatory use of electronic filings with the ► http://servicios.infoleg.gob.ar/inf are limiting/restricting on-site Federal Tax authorities on certain olegInternet/anexos/335000- attention. proceedings and formalities until 30 June 339999/335745/norma.htm 2020 ► Suspension of time limits between ► http://servicios.infoleg.gob.ar/inf 20 and 31 March 2020 on all ► Exemption of Social Security taxes (except olegInternet/anexos/335000- administrative procedures ruled by national healthcare insurance and National 339999/335797/norma.htm Law No. 19,549 Institute of Social Services for Retirees and Pensioners (PAMI)) on salaries paid to ► http://servicios.infoleg.gob.ar/inf employees subject to the mandatory olegInternet/anexos/335000- preventive isolation that cannot work from 339999/335801/norma.htm home (to be further regulated) ► http://servicios.infoleg.gob.ar/inf olegInternet/anexos/335000- 339999/335796/norma.htm Page 6 EY Tax COVID-19 Response Tracker • Contact: Kamo Karapetyan – Tax Policy Armenia • Last updated: 24 March 2020 Find the most current version of this tracker on ey.com Return
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