We are pleased to announce that our Firm has received the “Most Popular Article, France April 2020” award from Mondaq, one of the largest global online advisory content suppliers, for the article entitled Covid-19: Update on the latest measures relating to partial activity (short-time work) authored by Fabien Pomart.
Article authored by Jean-Luc Soulier and published in the “Expertise” Section of La Lettre des Juristes d’Affaires ((French leading weekly legal newspaper) Read the article (in French) Read the full English version available on our Blog
Businesses are now focusing on implementing the exceptional tax measures taken by the Government in order to optimally manage their cash flow. However, it should not be overlooked the fact that the Covid-19 crisis may have significant consequences regarding specific existing tax rules.
As a result, we focus our attention below on the consequences that the current health crisis may have on the application of the so-called « Quick Fixes » VAT rules applicable since January 1, 2020.
In the current context of the Covid-19 crisis, companies facing difficulty are looking for efficient solutions to limit the financial consequences arising from this crisis. If they can already benefit from payment facilities and other fiscal measures urgently adopted by the French Government, existing mechanisms improving their cash flow can also be put in place.
These days, where many activities have partially, or even totally, shutdown, debt waivers may be an interesting option for companies in order to maintain sales relationships and ensure the continuity of their activity as much as possible.
Covid-19 – Opportunities to improve cash flow: Deferral of payment of direct taxes and flexibility in the computation of VAT
Where do we stand on April 8, 2020?
Measures related to COVID-19 are increasing. In this context, it is obvious that the application of the tax rule is becoming more complex.
In this respect, two themes in particular deserve attention because they offer opportunities to improve cash flow for companies: the deferral of the payment of direct taxes due in April and the measures to ease the computation of VAT due during the containment period.
We are pleased to announce that our Firm has received in the last two months three awards, including the “Most Popular Article In France, March 2020” award, from Mondaq, one of the largest global online advisory content suppliers.