Tax matters – COVID-19 Impact

Because of the Covid-19 effect, the Inland Revenue would write off any fines and interest for businesses that are unable to pay taxes on time.

During this challenging and difficult time, they are working hard to provide critical services for the company and individual customers.

Covid-19 Wage Subsidy Scheme:

When you can prove that your company has had a decline of at least 30% in real or projected sales for a month, relative to the same month last year, and that decline is attributable to Covid-19, you might be eligible for a Wage Subsidy.

The Covid-19 Wage Subsidy lets you afford to pay your workers and you can keep them jobs, even though they are either unable to work or have shortened working hours.

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