Publication / Alexey Anischenko, Maria Rodich
The Belarusian government is not rushing with adopting measures to combat the Coronavirus: as of today, the borders are open, Belarus is not on lockdown, and not even an individual quarantine policy for educational establishments has been introduced. Recognition of the impact of the Coronavirus on Belarusians began with the Ministry of Healthcare adding COVID-19 […]
The State Tax Inspectorate (STI) announced tax measures for business due to the COVID-19 situation. Possibility to postpone tax payment terms The STI has announced a list of companies that should be deemed to be affected by COVID-19. The list is available for downloading on the VMI website. The following tax payment term extension measures […]
INVEGA has announced a list of new or improved measures aimed at distributing state support to business. This package of measures will help companies address the liquidity and financial challenges posed by COVID-19. More than EUR 1.1 billion will be distributed through these measures. “Vacation” from business loans: Improved measure The improved measure will be […]
First of all ensure liquidity; Cash is King! Get invoices out and ensure good revenue management including collection. Negotiate a credit line with the bank now when you still have working capital left. Banks like to lend to companies that manage their business professionally. Reduce or postpone costs Postpone paying taxes as currently allowed by […]
What can you do with taxes to survive the crisis? The globally spreading coronavirus is putting pressure on a large number of companies and creating difficulties in various economic sectors. While sector-based tax moratoria and advantages are yet being planned by the government and taxes must continue to be paid as usual (including VAT on […]
