Prepayment taxes: If your business income has dropped due to the coronavirus, you should adjust your amount of prepayment. The amount can be changed multiple times over the course of the year.
Tax returns: If necessary, you can apply for an extension on filing your company’s income tax return or real estate tax return.
Value added tax returns: The fee for late payment may be waived, but no extension is granted on filing the returns.
Refunding value added tax: The Government is currently preparing a law allowing companies to request to be refunded their value added taxes paid in early 2020. This is a form of a loan, as the refunded value added taxes must be paid back within two years.
Financial difficulties: You can apply to the Tax Administration for a payment plan in temporary financial difficulties.
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