(U.S. Vice President Mike Pence attends a press conference on the COVID-19 at the White House in Washington D.C. March 9, 2020. U.S. President Donald Trump said Monday that his administration will ask Congress to approve a possible payroll tax cut and provide "very substantial relief" ...
BERLIN, May 20 (Xinhua) -- The German government on Thursday passed a bundle of tax relief measures to help citizens and companies cope with the impact of the COVID-19 pandemic. Individuals and companies are still carrying a heavy burden as a result of the pandemic, the government said. A...
China cut a total of 2.5 trillion yuan ($390 billion) in taxes to help companies through the COVID-19 pandemic, hitting a historical high. Experts said the tax relief measures especially helped foreign trade firms combat the impact of the pandemic. For export firms, "...
June 2020: Tax Alert (English) Tax relief provided for taxpayers contributing to the battle against COVID-19 May 2020: Tax Alert (English) Additional Business Sectors Eligible for Tax Incentives during COVID-19 Outbreak April 2020: 4thedition (English) Guidance for Calculation of Monthly Income T...
(Note: For YA 2023, parents can claim up to RM3,000 tax relief for childcare/kindergarten fees per child aged six and below. Initially RM2,000, it was raised under the PENJANA stimulus during Covid-19 and extended to YA 2024 in Budget 2023 by Datuk Seri Anwar Ibrahim.) ...
IRS Grants Relief for COVID-19 Disruptions on Tax Residency: Time Rules Are Eased for the Substantial Presence Test for Foreign Citizens in the US and the Foreign Earned Income Exclusion for US Citizens AbroadThe IRS provided relief to individuals and businesses whose tax residence might be ...
When it comes to making sure students have the tools for successful learning, school teachers commonly dip into their own pockets to pay for classroom materials. Fortunately, the Educator Expense Tax Deduction can offer teachers some financial relief.
Key Tax Provisions of COVID Relief BillJeffrey Allen Burr & Forman + Follow Contact Congress passed the Consolidated Appropriations Act, 2021 (the Act) on December 21, 2020. The Act, which is 5,593 pages, contains a number of stimulus measures designed to address the economic impact of ...
On March 27, 2020, Congress adopted, and President Trump signed into law, the Coronavirus Aid, Relief, and Economic Security Act (the Act). While the Act includes economic relief through a variety of means, this alert focuses on the significant business tax provisions contained...
That became painfully clear during the COVID-19 pandemic, when a variety of tax relief provisions were created to help individuals and businesses deal with the virus' economic effects. Such was the case with the Employee Retention Credit, or ERC. "The ERC provided a financial lifeline to ...