Deferral of Tax Payments
- A two-month deferral to enterprises, including the self-employed, to pay Provisional Tax, VAT and National Insurance Contribution on salaries.
- This will apply for taxes owed until the end of April. All tax forms should be submitted according to normal deadlines. The incentive is primarily aimed, but not limited to, the tourism and hospitality, entertainment, transport, and manufacturing sectors. Enterprises will still collect National Insurance on their employees’ wages but will keep these dues for the duration of the deferral.
- These deferrals are estimated to improve liquidity by €700 million. After these two months, Government will be studying possible extensions of this measure depending on the prevailing economic conditions.
This measure is granted to Enterprises and Self-Employed persons whose turnover has significantly decreased due to the adverse impact of COVID -19.Click here to learn more.
