To support businesses during the coronavirus outbreak Latvia has introduced new VAT measures to speed up the procedure for refunding overpaid VAT. According to the new VAT repayment procedure: The State Revenue Service (SRS) refunds overpaid VAT within 30 days of receiving the VAT return for the respective tax period. Before a refund, the SRS […]
Remote participation and voting at the shareholders’ meeting. Read more (in Latvian) here.
As of 03 April 2020 State resources are directed to supporting companies through the KredEx Foundation and the Estonian Rural Development Foundation. The package also includes labour market support from the Estonian Unemployment Insurance Fund, sickness benefits and tax incentives. The package allows for temporary suspension of second pillar pension scheme payments, as well as […]
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 […]
The State Tax Inspectorate (STI) announced tax measures for business due to the COVID-19 situation. Possibility to postpone tax payment terms The STI has announced a list of companies that should be deemed to be affected by COVID-19. The list is available for downloading on the VMI website. The following tax payment term extension measures […]