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Cuba: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated on a regular basis. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 27 April 2020

  • Deferment of all tax payments (monthly payments and sworn statement) until May was approved. In this case no moratorium interest is applied.
  • Adjustment of tax rates, when activities are affected but continue to operate (13,000 businesses have taken advantage of this measure, with an allocation of 2 million pesos).
  • A decrease in the tax rate on payments on account of profit tax is considered to businesses, whose wealth creation has been impacted by COVID-19.