Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 14 May, 2020
Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
The government has announced the following measure:
Start-ups
Start-ups
Regulations issued 24 March 2020 defined which industries were “most affected” by COVID-19 and include public catering, international passenger transportation, car lease, hospitality and tourism, public and cultural events, education, and fitness services.
These tax relief measures were extended on 26 March 2020 to all companies—regardless of their industry sector, provided the companies meet certain criteria:
Main sources of information
Tax: Steve Austwick – saustwick@kpmg.com
Legal: Una Petrauska – upetrauska@kpmglaw.lv