Ministry of Finance announces new tax measures to support SMEs and companies

The Ministry of Finance announced new tax measures, as part of initiatives to support SMEs and companies hit by economic crisis caused by the pandemic. One of these measures includes the extension of the suspension of Provisional Monthly Payments (PPM) during the months of July, August and September, for all companies that register a decline in gross income equal to or greater than 30% for the January-May 2020 period, compared to the same period last year.

Source: EMOL