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European Union: Commission Adopts Second Amendment to Temporary Framework for State Aid Measures to Support Member States’ Economies during COVID-19 Outbreak

(June 3, 2020) On May 8, 2020, the European Commission adopted a second amendment to extend the scope of the Temporary Framework for State Aid Measures to include recapitalization measures and subordinated debt. The Temporary Framework was first adopted on March 19, 2020, allowing a variety of state aid measures otherwise incompatible with European Union […]

European Union: Commission Adopts Temporary Framework for State Aid Measures to Support Member States’ Economies During COVID-19 Outbreak

(Apr. 10, 2020) On March 19, 2020, the European Commission (Commission) adopted a Temporary Framework for state aid measures (Temporary Framework) to support the European Union economy during the current COVID-19 outbreak. Under the Temporary Framework, member states can temporarily grant state aid in a variety of forms that would otherwise be incompatible with the […]

China: Tax Incentives Extended to More Small Businesses

(Aug. 17, 2018) On July 11, 2018, China’s Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a notice mandating the doubling of the income threshold for small, low-profit companies to be eligible for preferential corporate income-tax incentives. (MOF and SAT, Notice on Further Expanding the Scope of Application of the Preferential […]

Vietnam: Support for Small- and Medium-Sized Enterprises

(July 18, 2017) Vietnam’s National Assembly passed the Law on Support for Small- and Medium-Sized Enterprises (SME Law) on June 12, 2017; it will enter into force on January 1, 2018. (Angela Koo, Vietnam: Law on Support for Small and Medium-Sized Enterprises (SMEs), TAX NEWS SERVICE (June 28, 2017), International Bureau of Fiscal Documentation online […]

Indonesia: Beer Sales Ban for Small Vendors

(Apr. 23, 2015) In January 2015, Indonesia’s Ministry of Trade issued Regulation 6/M-Dag/PER/1/2015, which bans the sale by small shops of drinks with an alcohol content of 1% to 5%. (Perubahan Kedua Atas Peraturan Perdagangan No. 20/M-DAG/PER/4/2014 Tentang Pengendalian Dan Pengawasan Terhadap Pengadaan, Peredaran, dan Penjualan Minuman Beralkohol [Second Amendment to Regulation No. 20/M-DAG/PER/4/2014 on […]