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Covid 19 - Global summary

In response to the coronavirus (COVID-19) threat, many countries around the world are implementing emergency tax breaks to support their economies. We have summarised below the emergency measures announced by a number of these territories and will add others when available. Measures being implemented include delayed VAT/GST and Customs remittances to give businesses a cash flow boost, or cuts in VAT/ GST rates to help the worst affected sectors, such as consumer, tourism/hospitality, or in respect of medical supplies.