VATupdate

Deferral of Local Tax Payments Due to COVID-19

In the event of termination of activities and (or) revenue from the sale of goods (services) decreased by more than 50% compared to the average monthly amount in the first quarter of this year, notifying the tax authorities on turnover tax, property tax, land tax, water use tax without application to local public authorities – on the condition that they will be paid in equal installments within 12 months;

Source Orbitax

Source IBFD

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