Tax measures in relation to COVID-19

In light of the recent events surrounding the COVID-19 outbreak and recent announcements made by the Prime Minister in relation to aid made available to employers, business owners and self-employed people, whose trade has been most affected by a coronavirus-sparked drop in economic activity will have all tax and social security payments due for March and April postponed. The payments will instead be deferred to a later, as yet undefined date.

According to the Prime Minister the businesses eligible for the payment holiday are those engaged in tourism, hospitality, recreation, transport and some manufacturing sectors.

In addition, companies that have invested in teleworking systems would also be eligible for a 45 per cent refund of up to €500 for each worker. For further information, kindly contact us on taxenquiries@fenlex.com