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From Ecovis Network: Tax Relief Measures in Greece to Combat the COVID-19 Crisis

From Ecovis Network: Tax Relief Measures in Greece to Combat the COVID-19 Crisis

On 18 July 2020, the Greek parliament passed the new law no. 4706/2020. In addition to other provisions, this law also contains regulations on the payment of income tax and the uniform real estate property tax. Moreover, law 4706/2020 also contains provisions on how to pay unpaid debts due. The measures will support companies and

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From ECOVIS Network: Days without VAT in Colombia

From ECOVIS Network: Days without VAT in Colombia

On 27 December 2019, Colombia approved a tax reform including a special VAT exemption: On 3 days during 2020, certain groups of goods, such as clothing, appliances and school supplies, are free of VAT. This applied to national purchases and included some conditions such as payment method, price and number of units per buyer. The

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From ECOVIS Network: US Protective Income Tax Return – Securing Deductions against US Gross Income

From ECOVIS Network: US Protective Income Tax Return – Securing Deductions against US Gross Income

With the proliferation of digitalization in the global economy, many foreign businesses are accessing the US market online with minimal physical presence. In many instances, foreign companies selling to US consumers may have offices in the US that perform limited marketing or back office functions. But this can have tax consequences for Form 1120-F. There

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From ECOVIS Network: COVID-19 Economic Relief Package for Micro And SMEs in India

From ECOVIS Network: COVID-19 Economic Relief Package for Micro And SMEs in India

The Indian government has announced a package worth USD 260 billion, or the equivalent of around 10% of GDP, for the country’s struggling economy during the coronavirus pandemic. The corona aid package is of particular benefit to micro, small and medium-sized enterprises (MSMEs). Around 60 million manufacturing and service units are registered under this category,

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Legal Info August 14th, 2020: The Emergency Order no.130/2020

Legal Info August 14th, 2020: The Emergency Order no.130/2020

Summary:       The Emergency Order no.130/2020 regarding some measures for granting financial aid from foreign non-reimbursable funds, due to the Operation Program Competitiveness 2014-2020, on the background of the crisis generated by the COVID-19 disease, as well as other measures in the field of EU funds Legal Info – 14.08.2020 – EN – Non-Reimbursable

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Tax Alert – 12.08.2020: Emergency Order no. 132/2020

Tax Alert – 12.08.2020: Emergency Order no. 132/2020

Summary: Emergency Order no. 132/2020 regarding the introduction of relief actions for employees and employers on the background of the coronavirus Sars-Cov-2 pandemic, as well as for the stimulus of the workforce engagement (Kurzarbeit – short-time working, authorized individuals, tele-work, day laborers). Ecovis Romania – Tax Alert 12.08.2020 – EN   This info is a

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From the ECOVIS Network: Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact

From the ECOVIS Network: Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact

The number of insolvency cases in Spain is expected to increase from the current figure of 6,000 a year, to more than 15,000 as a result of COVID-19. Spanish law provides a series of procedures for those companies which cannot meet their payment commitments. In general, it is a matter of adapting the deadline regulations

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From the ECOVIS Network: Foreign Workers in Israel – Immigration of Professional Experts

From the ECOVIS Network: Foreign Workers in Israel – Immigration of Professional Experts

Foreign nationals wishing to work in Israel need a valid work permit. There is a multi-stage approval process. ECOVIS Legal Israel supports companies in completing this process as quickly as possible. The procedure for obtaining a work permit for foreign employees in Israel is complex and can be lengthy. Ecovis in Israel supports clients with an

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From the ECOVIS Network: Government Support for Businesses in Vietnam – Fighting COVID-19

From the ECOVIS Network: Government Support for Businesses in Vietnam – Fighting COVID-19

The Vietnamese government has used drastic measures to prevent and control the COVID-19 pandemic at all levels. It has achieved encouraging results. This consistent approach is paying off: In the April 2020 World Economic Outlook, the International Monetary Fund forecasts growth of 2.7 percent. The rating agency Moody’s expects 2.8 percent growth in 2020. The government

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From the ECOVIS Network: Aviation Industry in Ukraine – Challenges and Opportunities

From the ECOVIS Network: Aviation Industry in Ukraine – Challenges and Opportunities

The Ukrainian aviation industry is dynamic and constantly developing, which generates economic growth, creates jobs and facilitates tourism and international trade. The industries directly supported by aviation are growing accordingly. Although the beginning of 2020 was marked by the worldwide spread of the COVID-19, which also had a strong impact on the aviation industry in

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