Expansion of Types of Taxpayers Affected by COVID-19 who Receive Tax Incentive

This edition reviews the main tax provisions concerning the expansion of the types of taxpayers entitled to benefit from tax incentives amidst the outbreak. Other than the additional number of covered business classifications, MSME taxpayers are finally entitled to taxation facilities during COVID-19 pandemic. In the context of tax administration, there are changes to the tax payment slip format and technical procedures of determining tax identification number and confirming taxable persons for VAT purposes. Moreover, this edition notes some changes to the custom declaration system in the Free Trade Zone and the granting of preferential tariffs on import duties by relaxing the submission of CoO.

Contents

• Expansion of Taxpayers Affected by COVID-19 that Receive Tax Incentives
• Guidelines for the Incentives for Taxpayers Affected by COVID-19
• Relaxation for the Submission of Certificates of Origin
• Adjustments to the Format, Content, and Procedures for Filling in Tax Payment Slips
• Guidelines for the Administration of Taxpayer Identification Numbers, Electronic Certificates, and Confirmation of Taxable Persons for VAT Purposes
• Procedures for Utilizing Non-Withheld VAT Incentive for Certain Means of Transport
• Customs Declaration System for Free Trade Zones
• Amendments to Provisions on Legal Products and Administration Period of Tax Services
• Revised Provisions on Trial Proceedings and Administrative Services at the Tax Court