• Extension of the deadline for the submission of VAT returns until 30/04/2020 (applicable for businesses with turnover of less than €1 million in the preceding 12 months);
  • Extension of the deadline for the payment of VAT due (applicable for businesses with turnover of less than €1 million in the preceding 12 months);
  • Decrease of standard VAT rate from 19% to 17% from 01/04/2020 – 31/05/2020 and decrease of reduced rate of 9% to 7% from 01/04/2020 – 15/07/2020;
  • The planned increase on contributions to General Healthcare System (GHS) scheduled for 31/3/2020 will apply for March 2020 emoluments and then suspended for two months. So for March 2020 the increase in the % contributions will apply as previously discussed. For the months of April and May 2020 the previous (lower %) contributions will apply.

We remain at your disposal for any clarifications and/or assistance.

Professional team of CORPERA.