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

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

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

DDTC Newsletter Vol.03 | No.10

14 May 2020

Total Downloads 1659

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.

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

DDTC Newsletter Vol.03 | No.10

14 May 2020

Total Downloads 1659

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.

Inquiry Form

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Questionmore details
0 / 300
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