Implement cash tax strategies / leverage government incentives

Tax incentives and government relief 

Tax incentives / government relief to combat the impact of COVID-19

In this piece, Deloitte Global examines the outbreak of COVID-19 and the uncertainties that it has brought to economies worldwide, including cash flow and financing pressure and business continuity issues facing companies, especially small and medium enterprises and those in such industries as transportation and hospitality.

Insight and lessons:

• Closely monitor and map out eligible tax incentives and government relief
• Take stock of pre-existing preferential tax treatments
• Assess cash saving opportunities
• Ensure continuous tax compliance