We would like to briefly inform you about Government legislative proposals related to the emergency measures regarding the COVID-19 epidemic, which we have informed you about earlier and which were approved today by the Chamber of Deputies and will be forwarded to the Senate:

Remission of social security contributions and contributions to the state employment policy:

  • a remission means a reduction of the employer´s assessment base, which will be carried out by the employer himself on the prescribed form; the remission can be carried out for the months June, July and August;
  • conditions for entitlement to the remission are e.g.: the number of employees does not exceed 50, the number of employer´s employees is at least 90 % of the number of such employees on the last day of March 2020, etc.

Changes in tax laws: 

  • reduction of the VAT rate in the field of accommodation services and entrance fees for cultural events and sports grounds from 15 % to 10 %; this reduction is to apply retrospectively from January 1st, 2020;
  • possibility to retrospectively reduce the tax base for 2018 and 2019 if a company reports a tax loss for 2020, etc.

We will keep you informed of further developments.

In case of any questions, do not hesitate to contact us.