The law has announced compensation for the economical impact caused by Covid-19, stating in its article number 14, the “postponement of tax debts”. 

Find here the answers to some questions. 

What can be postponed? 

As usual you can ask for postponement of IVA and Income Tax but extraordinarily you can also request deferred payment of Retentions of any kind.

The postponement will be automatically granted for any tax form to be submitted before May,30th. 

What are the conditions of the tax deferred payment?

6 months delayed payment.

Normally a postponement has associated a 3.75% annual interest. In this case, no interest will be generated during the first 3 months. 

What others measures are being announced?

At this moment measures to assist in the following areas are being prepared and will be announced soon:

• Support to families
• Financial support to business
• Assistance with Social Security contribution. 

At LimitConsulting we work to give you timely and accurate information about how you can benefit for this assistance.