Tax

Expanding a measure to reduce the rent that all businesses affected by the new coronavirus and their employees have to pay is a necessary instrument that will provide relief during this period of intense pressure.

The Finance Ministry is considering a new extraordinary measure for the payment of taxes this year, in more installments than normal, after a better-than-expected performance of public revenues in March.

Yesterday's press conference presented an economic program to help the economy with 5.1 billion euros, and, according to the minister, it is aid amounting to 11 percent of Serbia's gross domestic product.
The measures, Mali told RTS, have two goals, preserving jobs and supporting small and medium-sized enterprises.

The Finance Ministry has issued clarifications about the suspension of corporations' tax and social security obligations and the compensation for workers and freelance professionals, as its complex decisions have led to confusion instead of resolving problems.

The latest budgetary changes adopted by the Bulgarian government are based on the worst case scenario for the development of the COVID-19 crisis, this country's Minister of Finance Vladislav Goranov said. We have developed three different scenarios, but we assume the most negative one, in order to guarantee the functioning of all public systems until the end of 2020.

The Finance Ministry has extended the deadline for the submission of declarations concerning a number of categories in order to assist corporations, accountants and tax experts which are currently facing a struggle to support the economy, as it said in a statement.

Companies surveyed by the American-Hellenic Chamber of Commerce are asking the government to freeze their payments and debts and their general tax liabilities to the state, as most of them are being severely affected by the coronavirus epidemic.

The government is planning cash injections for both the state coffers and enterprises, as well as a reduction in the tax burden of companies.

Tax reductions and liquidity supply to enterprises are at the core of the package of financial measures the government is planning to implement when the coronavirus pandemic is put under control. The aim is to avoid the scenario painted by Greek and foreign analysts of a major contraction of gross domestic product this year.

The hour for a great redistribution of wealth has arrived.

The five American technological tech giants - Amazon, Google, Microsoft, Facebook, and Apple should dig deep into their pockets and exhibit palpable solidarity with their global audience.

This is a moral duty because it is that global audience that embraced them, nurtured them, and led to their aggrandisement.