- mption taxes implemented in Bali and other destinations flocked by tourists for months. It’s also planning on granting an extension for VAT import payments as well as provide boosted credit repayments for VAT for manufacturers.
- Italy – it applied further delay for VAT fulfillment and payment deadlines.
- Jamaica – it plans in cutting General Consumption Tax to fifteen percent.
- Japan – it is considering having a reduction in the consumption tax to five percent. The country already delayed the payments and filing deadlines for one month ‘til April.
- Latvia – in order to provide support to businesses with the outbreak, it introduced new measures in speeding up processes for overpaid VAT refunds.
Other countries have implemented welcome measures to provide relief to their taxpayers. If you want to know more about VAT and the impact of COVID-19 on regulations, call us here in VAT Registration UAE.