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Extension of the deferral for the payment of taxes and contributions granted to SMEs from ‘affected’ industries

24.11.2020
1 min read

Resolution No. 1791 dated 7 November extends the 6-month deferral period for compulsory payments until the end of the year.

Tax vacations will be granted to tour and hotel businesses and to entrepreneurs organizing conferences and exhibitions in the area of culture and sports, as well as to representatives of the entertainment and public catering industries. 

Please note that, as compared with the Government’s Resolution No. 409 dated 2 April 2020 the list of affected industries has been changed to a certain degree. For instance, road carriers and entrepreneurs trading in non-food products will not be eligible for the benefit.

The ‘affected’ SMEs from the new list will be granted a 9-month deferral of the deadlines stipulated by the legislation with respect to taxes, social security contributions and advance payments relating to them for January-March 2020 (except VAT as well as taxes arising out of agency agreements and taxes relating to self-employed individuals). In addition, a deferral of 2 months is granted with respect to transport tax, land tax and property tax for Q1.

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