Downtime caused by the COVID-19 pandemic in Europe poses a tax risk to Estonian construction companies operating abroad, as their business income may be taxed in that foreign country instead of Estonia, warns our senior associate Kaido Künnapas. Read more in Estonian.
Deals & Cases /
To ensure availability of disinfectants needed to stabilise the state of emergency, to support people living in Latvia and help mitigate the consequences of Covid-19, the Olaine chemical factory BIOLARS has said it is ready to start manufacturing disinfectants in its production plants. Taking into account the increased demand for ‒and unreasonably high prices of […]
To support businesses during the coronavirus outbreak Latvia has introduced new VAT measures to speed up the procedure for refunding overpaid VAT. According to the new VAT repayment procedure: The State Revenue Service (SRS) refunds overpaid VAT within 30 days of receiving the VAT return for the respective tax period. Before a refund, the SRS […]
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 […]
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 […]