Several COVID-19 tax relief measures announced in February and March 2020 were promulgated in the Government Gazette on July 12, 2020, and took effect on the following day. The three Royal Decrees provide assistance to businesses affected by the COVID-19 outbreak by granting interest expense deductions and wage expense deductions to SMEs, and tax exemptions … Continue reading COVID-19 Tax Relief Measures for SMEs and Debt Restructuring