Two-month suspension of payment of VAT without the imposition of penalties as a measure to enhance liquidity for businesses with turnover not exceeding EUR 1 million based on the VAT returns submitted during 2019, and businesses whose turnover has been reduced by more than 25%.
A temporary reduction in the standard rate of VAT from 19% to 17% for two months, and in the reduced rate of VAT from 9% to 7% for 3½ months.
Source: Deloitte
