Question

what 3 steps would you take to relieve the tax burden on businesses after the impact of COVID-19.

Answer 1

The covid 19 which is affect not only in one country but all over the world. there is a possibility of large financial crises after the covid 19.

The steps taken to relieve the tax burden on business are;

1)the first step is to take is that to reduce or cut the tax rate on businesses. make sure make ensutre there small  tax payers should be excempted from VAT

2) to extend the the deadline for commissioned withholding and collection of tax

3) make ensure there is no tax fraud in the period of covid19 by using electronic documents and also list out the online tax services