Impact on Real Estate and Construction Sector
Key topics for commercial property owners and users as well as for construction companies, including rent rebates, tax reliefs and deferrals and state aid to ease financial commitments as well as construction-related advice.
Baltics & Belarus
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Commercial real estate sector in the Baltics and Belarus during COVID-19: rent, tax and financing reliefs
In this webinar, we cover key topics for commercial property owners, including potential state aid availability, and discuss the most pressing questions. The webinar took place on 24 April 2020. Webinar topics: Rent rebates: are tenants entitled to rent rebates? What state aid is or may be available to owners of commercial properties? Tax: reliefs […]
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Construction firms face unexpected risk from border closures
The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
Estonia
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Construction firms face unexpected risk from border closures
The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
Latvia
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Force maejure: Can construction contracts be suspended because of pandemic?
Force maejure: Can construction contracts be suspended because of pandemic? Read more (in Latvian) here.
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Construction firms face unexpected risk from border closures
The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
Lithuania
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Companies affected by COVID-19 can apply for partial rent compensation in Lithuania
On 3 May 2020 the Lithuanian Ministry of Economy and Innovation approved a state aid scheme for partial rent compensation for businesses most affected by COVID-19. This aid scheme entered into force on 4 May 2020; to take advantage of it, tenants must apply to INVEGA. Who qualifies for compensation Tenants wishing to claim partial […]
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Construction firms face unexpected risk from border closures
The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
Belarus
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COVID-19 Economic Response in Belarus
The Belarusian government is not rushing with adopting measures to combat the Coronavirus: as of today, the borders are open, Belarus is not on lockdown, and not even an individual quarantine policy for educational establishments has been introduced. Recognition of the impact of the Coronavirus on Belarusians began with the Ministry of Healthcare adding COVID-19 […]
