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Coronavirus COVID-19

Special Information Briefing COVID-19 (No.13): Tax Measures approved as a result of COVID-19

16/04/2020

This information briefing analyses the tax measures that have been approved in recent weeks as a result of COVID-19, with the aim of alleviating the economic and social consequences of the crisis.

This Special Information Briefing was updated 25 May 2020.

The regulations in which these measures have been included are as follows:

  1. Royal Decree-law 7/2020, of 12 March, adopting urgent measures to mitigate the economic impact of COVID-19 (“RDL 7/2020”).
  2. Royal Decree 463/2020, of 14 March, which declared the state of alarm for the management of the health crisis caused by COVID-19 (“RD 463/2020”).
  3. Royal Decree-law 8/2020, of 17 March, on extraordinary urgent measures to address the economic and social impact of COVID-19 (“RDL 8/2020”).
  4. Royal Decree 465/2020, of 17 March, amending Royal Decree 463/2020, of 14 March, which declared the state of alarm for the management of the health crisis caused by COVID-19 (“RD 465/2020”).
  5. Royal Decree-law 11/2020, of 31 March, adopting additional urgent social and economic measures to deal with COVID-19 (“RDL 11/2020”).
  6. Royal Decree-law 14/2020, of 14 April, extending the deadline for filing and payment regarding certain tax returns and self-assessments (“RDL 14/2020”).
  7. Royal Decree-law 15/2020, of 21 April, on urgent complementary measures to support the economy and employment (“RDL 15/2020”).
  8. Royal Decree-law 17/2020, of 5 May, adopting measures to support the cultural sector and tax measures to deal with the economic and social impact of COVID-19 (“RDL 17/2020”).

These measures can be grouped as follows: (i) measures relating to the payment of tax debts arising from tax returns and self-assessments, (ii) measures relating to tax procedures, (iii) the introduction of a new exemption from the Stamp Duty, (iv) the reduction of VAT rates, (v) measures relating to the method of calculating interim CIT payments, (vi) measures relating to the objective estimation system for personal income tax (“PIT”), VAT and the Canary Islands General Indirect Tax (“IGIC”), (vii) incentives for film and audiovisual production in terms of CIT, (viii) increased tax incentives for patronage and (ix) measures relating to customs and ports.

The entire content of the Information Briefing can be found in the PDF.

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