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 regularly. 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.
Additional measures that were enacted in July 2020
A new list of affected enterprises (mainly in the sector of tourism, air and sea transportation, sports centers, gymnasiums etc. ) was introduced to be granted the exemption from paying 40% of the rent for their commercial premises for the months of July and August 2020.
Additional tax relief measures that were enacted in the end of August 2020
Further extension of payment (and suspension of collection) until 30.4.2021 of assessed tax liabilities of enterprises economically affected by the spread of COVID-19, and of employees of said enterprises, the payment deadline of which tax liabilities had already been extended until 31.8.2020.
Εxtension of payment deadlines (and respective suspension of collection) for the payment of assessed tax liabilities of individuals (lessors) renting real estate property to persons who, within the context of economic measures against COVID-19, were granted the benefit of 40% reduction on lease payments. The said payment deadlines are extended to various dates between 31.8.2020 and 31.10. 2020 depending on the date of the initial payment deadline. Possibility, in case of timely payment of the above mentioned assessed tax liabilities of individuals-lessors within the initial payment deadline (and not until the extended payment deadline, as per the above) to offset 25% of the assessed tax liabilities with other assessed tax liabilities due from 31 July 2020 onwards.
Extension of support measures (enacted in September 2020)
The financing scheme by means of returnable advance payment with extended return period, low interest rate and a grace period of one year, which was introduced since the beginning of the COVID-19 economic crisis, has been extended (new application deadline until 28 September 2020 through the special “myBusinessupport” platform).