Taxes in Corona Times

Covid-19 has changed certain rules and habits.

You cannot visit the tax office to get help to complete your tax return, that has to be done over the phone (see Help!?).

You may have been forced to work from home and your employer could pay you a tax-free allowance of €126.94 for working at home, plus €20 (for the use of your own pc) and €20 for the use of your internet connection at home.

If you have been furloughed, you risk having a bad surprise. The tax authorities have withheld tax at source on your unemployment benefit at 15%; you risk having a big tax bill.

Self-employed workers could request a one-year deferral of the payment of their social security contributions for the first two quarters of 2020. They could also request a reduction of the quarterly social security contributions if they think that they will be earning substantially less.  However, deferral does not mean waiver; the social security contributions will have to be paid.

Self-employed will have less expenses, no restaurants means no restaurant bills and a deferral of social security contributions means that they cannot be deducted.

Your Tax Return :

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