The House of Representatives unanimously passed, with 35 votes in favour, two pieces of legislation extending the periods during which tax breaks are granted to businesses.
An amendment to the Law on Value Added Tax extends the period of relief for businesses that faced objective difficulties in submitting their tax returns on time and paying the VAT due due due to the conditions created by the pandemic.
In particular, the imposition of additional VAT and interest charges for certain categories of economic activity of taxable persons is suspended for the tax periods ending on 31 March 2021, 30 April 2021 and 31 May 2021, provided that the taxable person has submitted a tax return for those periods within the specified period
(CNA)
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