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Estonia Gives Companies Break on Late Tax Payments Due to Virus

March 18, 2020, 3:23 PM

Estonia has suspended interest penalties on late corporate tax payments for two months to help companies affected by the new coronavirus, the Ministry of Finance announced Wednesday.

  • Penalties will be suspended from March 1 to May 1.
  • Companies must still continue to meet tax filing deadlines. For example, value-added tax filings are due March 20, the government said.
  • Minister of Finance Martin Helme said a broader economic package to lessen the impact of the Covid-19 outbreak will be released soon.

To contact the reporter on this story: Jan Stojaspal in Prague at jstojaspal@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Meg Shreve at mshreve@bloombergtax.com; Sony Kassam at skassam1@bloombergtax.com