Global tax authorities are extending filing deadlines, waiving penalties for late payments, and issuing refunds more quickly to help companies walloped by the coronavirus pandemic, an OECD report says.
The Organization for Economic Cooperation and Development released on Tuesday an overview of coronavirus relief measures being enacted by tax authorities around the world.
- The report is intended to help tax authorities considering such measures, the OECD said in a Tuesday statement.
- The organization’s Forum on Tax Administration, which includes 53 OECD and non-OECD countries, is also holding virtual meetings to discuss other tax issues relating to Covid-19, the disease caused by the novel coronavirus—such as the tax consequences of employees working from different jurisdictions during widespread travel restrictions—the OECD said.
- The “highest priority” of the forum is bringing together tax administrations as they consider how to address the effects of the virus, Pascal Saint-Amans, director of the OECD’s Center for Tax Policy and Administration, said in the statement.
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