Many countries are taking measures to support their economy against the negative economic impact that COVID-19 has caused and is still causing. These measures often relate to VAT obligations deadlines, rates and filings. Make sure to check our blog posts so you know how these measures impact your business and stay up to date with these rapid VAT changes.

UNITED KINGDOM: COVID-19 VAT IMPLICATIONS

UNITED KINGDOM – Update 31st March HMRC’s guidance has been updated to confirm that the deferral scheme applies to any UK VAT registration number Source Link here – Channel Islands Jersey Tax Authorities to implement deferrals of payment of goods and service tax The...

SWEDEN: COVID-19 VAT IMPLICATIONS

SWEDEN – Update 31st March Sweden to introduce deferral of VAT payments (for up to 3 months of VAT payments) The Swedish tax authorities will not impose fees on revised VAT return submissions Source Link hereRelated services:

SPAIN: COVID-19 VAT IMPLICATIONS

SPAIN  ( Canary Islands) – Update 31st March Amendment or de-registration will have a deadline for filing up until 1st June 2020 (if the deadline for filing these declarations takes place during the pandemic) Source Link hereRelated services:

SLOVENIA: COVID-19 VAT IMPLICATIONS

SLOVENIA – Update 31st March Unlike many countries implementing new tax measures, the submission of VAT returns and VAT payment in Slovenia must be completed within regular deadlines Taxable person may apply for a tax deferral as usual Source Link hereRelated...

SLOVAKIA: COVID-19 VAT IMPLICATIONS

SLOVAKIA – Update 31st March For February through to April there will be a 2 month extension applied to the VAT payment date There will be no penalties on late filings Return filings are postponed by 30 days Source Link hereRelated services:

ROMANIA: COVID-19 VAT IMPLICATIONS

ROMANIA – Update 25th March Initially the Romanian Minister of Finance announced the deferment until the 25th April for the submission, however a different Urgent Government Ordinance has been published The Romanian government maintain the deadline of submission of...

PORTUGAL: COVID-19 VAT IMPLICATIONS

PORTUGAL – Update 31st March  Decree-Law No. 10-F/2020 was published, including: The flexibility of VAT payments and withholding tax on IRS and IRC, to be fulfilled in Q2 of 2020 Deferred payment of contributions due by employers and self-employed persons The...

NORWAY: COVID-19 VAT IMPLICATIONS

NORWAY – Update 26th March (2) The Government is considering extending the payment due date to 10th June 2020 for VAT due Q1 The due date for VAT filing has not been extended Temporary reduction to 8% from 1st April to 31st October 2020 for services and goods that are...

LITHUANIA: COVID-19 VAT IMPLICATIONS

LITHUANIA – Update 31st March VAT returns are able to be deferred to up to a year, with no penalty charges for late payments  Source Link hereRelated services:

HUNGARY: COVID-19 VAT IMPLICATIONS

HUNGARY – Update 26th March (1) XSD-schema to be uploaded to the Online Invoice system is postponed from 1st April 2020 to 1st July 2020 Related services:

GERMANY: COVID-19 VAT IMPLICATIONS

GERMANY There has not been an announcement to any changes in regard to the VAT filing deadline in Germany, due to the coronavirus situation. The deadline is still the 10th of the following month respectively the 10th of the second following month in case the extension...

FINLAND: COVID-19 VAT IMPLICATIONS

FINLAND – Update 25th March (1) Businesses can apply to the Tax Authority for penalties to be waived on late payments. Filings and payments must be submitted as usual and on time. Related services:

CZECH REPUBLIC: COVID-19 VAT IMPLICATIONS

CZECH REPUBLIC – Update 31st March  The Ministry of Finance has not yet submitted a proposal to the Chamber of Deputies.  However proposals currently include: General waivers for Income tax prepayments (due 15th June 2020) General waivers on late filing of VAT returns...

CANADA: COVID-19 VAT IMPLICATIONS

CANADA – Update 26th March (1) Manitoba Tax filing extension for small and medium enterprises (SMEs) Extension of April and May filing deadlines for SMEs 2 additional months to remit retail sales and payroll taxes for SMEs Saskatchewan PST remittance deferral and...

AUSTRIA: COVID-19 VAT IMPLICATIONS

AUSTRIA – Update 31st March Austria extend the due date to 31st August 2020 for annual VAT returns Business’s that are able to show significant disruption relating to the virus outbreak may be eligible to postpone VAT audits Source Link hereRelated services: