oecd.org (14.10.2021) The COVID-19 pandemic has caused a significant deterioration in public finances, adding to pre-existing strains from long-term structural challenges including population ageing, climate change, rising inequality, digitalisation and automation. This report, originally prepared for G20 Finance Ministers and Central Bank Governors at the request of the Italian G20 Presidency, considers the challenges and opportunities of developing public fiscal policy strategies as countries seek to “build back better”.
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Considering that the risk of the pandemic still exists, some enterprises may be under great financial pressure, the policy of phased reduction of premium rates of unemployment insurance and work injury insurance will be extended for another year until 30 April 2022.
Kenya’s parliament on Tuesday voted to end tax cuts put in place in April to cushion the economy from the impact of the COVID-19 pandemic, a move lawmakers said would help to plug revenue shortfalls but investors said would hamper a recovery. The tax cuts were introduced weeks after Kenya reported its first case of the coronavirus and aimed to shield East Africa’s richest economy.
aseanbriefing.com (18.02.2021) The House of Representatives in the Philippines have passed House Bill No. 8461 (HB 8461) which seeks to authorize the President to suspend the premium contribution hike to the Philippine Health Insurance Corporation (PhilHealth), in addition to House Bill No. 8512 (HB 8512), which provides the President the power to defer the scheduled hike in contributions to the Social Security System (SSS). Both PhilHealth and the SSS were mandated by existing laws to increase their premium rates in 2021.
National Insurance Service (15.02.2021) The National Insurance Office wishes to advise the public that the February 15, 2021 payment deadline for January 2021 contributions, has been extended until March 2, 2021. Payments made after this date will attract interest. The public is reminded that contribution payments can be made online through EZpay+, via wire or bank transfer or placed in our drop boxes located at the Frank Walcott Building. For further payment information, please visit www.nis.gov.bb.
Prévue pour le premier février 2021, l’échéance de paiement de l’impôt foncier et de l’impôt sur les revenus locatifs a été reporté par le Gouverneur de la ville de Kinshasa, Gentiny Ngobila, au 31 mars 2021.
Advantia (06.05.2020) In the case of the contributions of salaried persons, the government and the company proportionally assume the employer's part of the contribution of the general branch. Discharges due to isolation or diagnosis due to COVID-19 are covered with 100% of salary from the first day in the case of health personnel, and 66% from the first day in the case of other professionals.
El Diario (26.01.2021) With the extension of the ERTEs until May 31st, companies will maintain high exemptions in the different ERTE modalities, which even reach 100% in some cases. For the 'ultra-protected' sectors and their dependent companies and their value chain, the savings in the Social Security contribution is 85% for companies with less than 50 workers and 75% for those with more than that level of staff, both for reinstated and suspended employees.
Social Security State's Secretary (25.01.2021) With the beginning of the year, new moratoriums on Social Security contributions have come into force. These postponements are regulated in Final Provision 43 of Law 11/2020 on General State Budgets for the year 2021 (LPGE) and are aimed at companies and freelancers who are up to date with their obligations and do not have any other postponement in vigor. In the case of self-employed workers, the moratorium covers the quotas whose accrual corresponds to the months of January to March 2021.