[ad_1]
Government finance personnel are drawing up an extensive seven-front plan to effectively restart the economy the day after the blockade is complete, with the goal of getting the country back on track faster.
At the heart of government measures is the support of companies, so that their return to normality is accompanied by their immediate recovery and job retention. The design axes, according to the suggestions in the table, move in two directions.
– Provide tax exemptions to the business world and to taxpayers by reducing VAT on tourism and bed and breakfast services, suspending accommodation rates, reducing corporate tax and reducing the advance tax, so that companies They can face the greatest obligations, to reduce them from the pandemic in their viability and to avoid locks. At the same time, the relief margins in ENFIA’s payment are weighed.
– Specific sector plans to support maritime transport, aviation and especially tourism, since it is the sector with the highest contribution to GDP. The goal is for the tax cuts related to the tourism package to be implemented no later than the beginning of July, provided that the agreement of the lenders is guaranteed. An additional scenario under consideration is that the reductions in tourism VAT will begin on June 1, 2020 and will be temporary, that is, they will last until the lost land is recovered due to coronary heart disease. By contrast, business tax relief interventions will be decided in the second year, in the early fall, and after financial staff have a full picture of revenue formation and the effects of the pandemic on businesses. Business.
[ad_2]
