Tax Compliance in the Wake of COVID-19 What’s Changed

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Tax Compliance in the Wake of COVID-19:
What’s Changed?
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Daniel Petry | Avalara
Strategic Development
Peter Conway | Net at Work
Senior Account Manager

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5. COVID-19 Tax Relief:
What You Need to Know
5

6. U.S. Federal Tax
Relief Measures
• Tax Day moved from April 15 to
July 15 for income taxes
• No late fees or penalties incurred
• Individuals can defer up to $1
million of the tax due for 2019; C
corps can defer up to $10 million
• Federal Reserve slashed interest
rates “close to zero”
©Avalara. Confidential and proprietary.

7. States Adopting July 15 as
State Income Tax Deadline
©Avalara. Confidential and proprietary.
• Rhode
Island
• South
Carolina
• Utah
• Vermont
• Virginia (June 1)
• Wisconsin
• Washington, D.C.
• Alabama
• Arkansas
• Arizona
• California
• Colorado
• Connecticut
• Delaware
• Georgia
• Hawaii
• Idaho
• Indiana
• Iowa (July 31)
• Kansas
• Kentucky
• Maine
• Maryland
• Minnesota
• Missouri
• Montana
• Nebraska
• New Mexico
• New York
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Pennsylvania

8. Louisiana
• Sales and excise tax deadlines
automatically extended to
5/20
• Penalties and interest waived
for late sales tax remittances
Illinois
• Automatic short-term relief
from penalties and interest
for food and drinking
establishments with less
than $75,000 in sales tax
liability in 2019
• Chicago pushed tax payment
due date to 4/30 for
amusement tax, bottled
water tax, checkout bag tax,
hotel accommodation tax,
parking tax, and restaurant
tax
Alabama
• Late payment penalties
waived for certain small
retail businesses
• 30-day suspension of
International Registration
Plan and International Fuel
Tax Agreement requirements
©Avalara. Confidential and proprietary. 8
State-Specific COVID-19 Efforts

9. Washington, D.C.
• Interest and late payment
penalties for sales and use
taxes waived for periods
ending 2/29 and 3/31
• Businesses must file timely
monthly and quarterly sales
and use tax returns to qualify
• Deadline for 2019 District of
Columbia individual and
fiduciary income tax returns,
partnership tax returns, and
franchise tax returns
extended to 7/15
South Carolina
• State income tax deadline
pushed to 7/15
• Due date for other tax
returns and payments (e.g.,
admissions tax, sales and use
tax) extended to 6/1
• Interest and penalties
waived if payment made by
6/1
• Charleston has suspended
collection of hospitality and
accommodations taxes for 90
days.
New York
• Penalty and interest waived
for quarterly and annual
sales tax filers unable to file
or pay by 3/20.
• New York City taxpayers may
request a waiver of penalties
on late-filed extensions or
returns of business and
excise taxes
©Avalara. Confidential and proprietary. 9
State-Specific COVID-19 Efforts

10. Other Noteworthy
State Tax Relief
Measures
• Vail, Colorado: Suspended sales
tax collection until further notice
to allow those funds to fuel cash
flow for businesses
• Puerto Rico: Exempted certain
COVID-19 related products (e.g.,
face masks, disinfectant) and foods
from sales and use tax
©Avalara. Confidential and proprietary.

11. Turkey
• VAT return and filing deadlines
extended until June 27, 2020
• VAT rates cut on domestic
flights and hotel
accommodation
Germany
• Businesses may apply for VAT
payment postponement until
December 31, 2020
United Kingdom
• All VAT payments deferred
until the end of June 2020
(File returns on time)
• Any deferred VAT is due by
March 31, 2021
©Avalara. Confidential and proprietary. 11
Global Tax Relief Efforts
Norway
• VAT rate cut from 12% to 8%
on public transport, cinema,
sporting and cultural events.
• VAT payment deferred from
April 14 to June 10
China
• VAT rates cut on medical
services, catering and
accommodation services,
sundry personal services
(e.g., hairdressing, laundry),
and public transport

12. • Avalara’s tax relief roundup blog
https://www.avalara.com/us/en/blog/2020/03/coronavirus-tax-
relief-roundup.html
• Avalara’s COVID-19 VAT cuts blog
https://www.avalara.com/vatlive/en/vat-news/world-turns-to-
vat-cuts-on-coronavirus-threat.html
• AICPA state-filing guidance for coronavirus
https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downl
oadabledocuments/coronavirus-state-filing-relief.pdf
• Avalara.com
©Avalara. Confidential and proprietary. 12
Keep up with the latest on COVID-19 tax relief

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