How does the Coronavirus impact the VAT/GST world? Update 16 March 2020

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Here’s a quick summary of what we see happening around the globe in respect of COVID-19 (in chronological order)

SINGAPORE: Coronavirus: Singapore customs reminds travellers to pay GST for surgical masks, sanitisers brought back in bulk

CHINA: China waiving import duties on certain emergency vehicles, medical supplies

SPAIN: Coronavirus takes bite out of Spanish VAT collection

WORLD: Emergency tax breaks to support stuttering economies under the Coronavirus (COVID) threat

CAMBODIA: Tax relief for garment, tourism sectors

MALTA: Coronavirus: PN proposes VAT suspension on tourism accommodation

MALAYSIA: Economic Stimulus Package 2020 including Indirect Tax measures

WORLD: World turns to VAT cuts on Coronavirus threat

DENMARK: Denmark will allow a delay in payment of VAT    Deadline postponed for submission and payment

POLAND: Communication Polish government on delay to implement JPK (VAT return)

WORLD: World turns to emergency tax breaks to support stuttering economies under the coronavirus (Covid-19) threat

POLAND: Delays of new SAF-T extension until July 2020 due to Coronavirus

THAILAND: Thailand’s economic fundamentals strong despite virus, no VAT cut – finmin

SWEDEN: Corona crisis, proposed measures from the Confederation of Swedish Enterprise and measures by Swedish govt

POLAND: How is Poland going to “treat” coronavirus among companies?

AUSTRALIA: Government announces business support measures in response to the Coronavirus

INDONESIA: Indonesia announces new tax measures to fight impact of coronavirus

WORLD: VAT—Fiscal Tool of Choice in Coronavirus Downturn

NETHERLANDS: Corona measures: businesses may postpone paying VAT to the authorities

BELGIUM: Ccompanies that can prove that they have payment difficulties as a result of the corona crisis can defer VAT payment

 

If there are developments in your country that are not yet listed, please let us know.

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