The Covid-19 virus is affecting almost every area of business and the VAT implications of Covid-19 are no different. With an unprecedented amount of employees working from home, international travel bans abound in major trading countries, Covid-19’s VAT impact is significant. The silver lining is that many governments are implementing VAT cuts and tax payment deferments to relieve the stress from businesses and the public.
Source: vatglobal.com
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