Clicky COVID-19: Ireland Eases Close Company Surcharge Rules

The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic. COVID-19: Belgium, Germany Conclude Cross-Border Worker Agreement

On May 13, 2020, the Belgian tax authority announced that the competent authorities of Belgium and Germany have concluded an agreement which clarifies the tax situation of cross-border workers in the context of the COVID-19 health crisis. France Announces COVID-19 Tax Support For Wine Industry

On May 11, 2020, the French Government presented a COVID-19-related economic support package targeted at the nation's wine industry, which includes relief from social contributions. Austria Announces COVID-19 Tax Relief Package For Catering Industry

On May 11, 2020, the Austrian Ministry of Finance announced a EUR500m (USD542m) package of financial and tax measures to support the hospitality industry, which is being hit particularly hard as a result of the restrictions in place to contain COVID-19. Brazil Lifts Import Duties On COVID-19 Medical Supplies

Brazil's Ministry of the Economy has announced that it has significantly expanded the list of products that can be received in Brazil free from import duties until September 30, 2020. EU Defers E-Commerce VAT Package In Light Of COVID-19

The EU will postpone the entry into force of its VAT e-commerce package and will defer certain filing deadlines under the Directive on Administrative Cooperation due to the coronavirus pandemic. Latin America, Caribbean Tax Mix Vulnerable To COVID-19 Hit

The tax burden in Latin America and the Caribbean (LAC) increased to a record 23.1 percent of GDP in 2018, according to a new OECD report. However, it warns the territories will face considerable financial pressures owing to COVID-19 because of their systems' reliance on indirect tax revenues. US IRS Sets Out Details Of COVID-19 Tax Breaks

On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act. Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19

Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework. COVID-19: UK Extends Deadlines For Input On Tax Reforms

The UK tax agency has extended various deadlines for responses to consultations and for other work on tax reform, in light of COVID-19. German Cabinet Approves COVID-19 VAT Cut For Catering

On May 6, 2020, the German Cabinet adopted the draft Coronavirus Tax Assistance Act, which provides for a temporary reduction in value-added tax on food served in catering outlets. BEPS MLI Enters Into Force For Cyprus, Saudi Arabia

The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020. Bill Would Exclude US Territories, Possessions From GILTI Regime

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. Switzerland Opens COVID-19 Loan Guarantee Scheme For Start-Ups

The Swiss Government has opened the application process for a loan guarantee scheme aimed at helping start-ups facing liquidity problems during the coronavirus outbreak. COVID-19: Netherlands Relaxes Loss Carry Back Rules

The Dutch Ministry of Finance has announced that companies will be able to more quickly carry back losses they expect to make this year against profits made in 2019. OECD Releases Taxing Wages 2020 Report

The OECD has released its Taxing Wages 2020 report, which highlights that taxes on labor across the OECD countries fell for the sixth consecutive year in 2019. US IRS Announces TCJA Compliance Campaign

On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act. OECD Hints At Possible Digital Tax Work Delay

On May 4, 2020, the OECD held its Tax Talks webcast, to provide stakeholders with a full update on the OECD's work on taxation in the context of COVID-19. It hinted that progress towards a new international tax framework focusing on digital tax issues may be pushed forward. COVID-19: Philippines Further Extends Multiple Tax Deadlines

The Philippines has announced that it will again extend tax filing and payment deadlines, following the prolongation of restrictive measures during the coronavirus outbreak. COVID-19: Malta Extends Corporate Tax Return E-Filing Deadline

Malta's Commissioner for Revenue has announced extensions to deadlines for the electronic filing of income tax returns by companies. EU Investigates Belgian Video Games Tax Breaks

The European Commission has launched an in-depth investigation into a Belgian "tax shelter scheme" which supports video game production. EU Expands Investigation Into Dutch Taxation Of IKEA

The European Commission has extended the scope of its in-depth investigation into the Dutch tax treatment of Inter IKEA. COVID-19: New Zealand Legislates For New Loss Carryback Regime

New Zealand's parliament has endorsed the COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill, a second taxation Bill in response to COVID-19. The Bill received Royal Assent on April 30, 2020. COVID-19: Belgium Extends Corporate Tax Return Deadline

On April 29, 2020, the Belgian tax authority announced changes to the deadline for the submission of annual corporate tax declarations due to the COVID-19 crisis. OECD Schedules BEPS Webcast For Early May

The OECD has scheduled a new Tax Talks webcast to update stakeholders on its work on the reform of international tax rules for the digitalized economy. Germany Explains COVID-19 Tax Refunds

On April 23, 2020, the German Ministry of Finance confirmed that taxpayers suffering from liquidity problems due to COVID-19 can apply for a refund of advance tax payments made in 2019. COVID-19: UAE Extends VAT Deadline From April To May 2020

The United Arab Emirates' Federal Tax Authority has announced changes to value-added tax filing and payment deadlines, for tax periods that ended on March 31. Ireland Tweaks Eligibility Rules For COVID-19 Wage Subsidy Program

The Irish Revenue has announced that it will allow access to the Temporary Wage Subsidy Scheme for certain employers who missed the March 15 payroll deadline. France Announces Extra COVID-19 Tax Support For Hit Industries

On April 24, 2020, the French Government announced that it has decided to extend tax and other financial support to companies in sectors most affected by the COVID-19 lockdown measures, including catering, tourism, events, sports, and cultural activities. German EU Presidency Will Focus On Tax Issues: Merkel

On April 25, 2020, German Chancellor Angela Merkel said that Germany would attempt to seek agreement on a financial transaction tax and a minimum corporate tax when it assumes the presidency of the European Union in July 2020.