We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
U.S. President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 728) on 27 March 2020. Tax relief measures of the USD 2 trillion economic relief package provided by the Act include: An employee retention tax credit equal to 50% of wage up to USD 10,000 per employee for employers that have to fully or partially suspend operations as the result of a government order or have experienced a quarterly gross receipts decline by more than 50% compared with last year - The credit can be obtained on wages paid or incurred from 31 March 2020...