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U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act Signed into Law

30 March 2020

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Approved Changes

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United States

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...