woRKInG CAPITAL SuPPoRT Many governments implemented stimulus packages to support SME cash flows, seeing these as critical for the development and growth of these firms. In Germany and France, for example, governments allowed accelerated depreciation on all or specific assets, thus reducing the tax burden on SMEs. Other countries reduced corporate tax rates for SMEs (for example, Japan) or altered tax brackets to reduce SME taxes (the Netherlands and Canada). Some introduced policies of refunding VAT payments (the Czech Republic, France and Spain).
woRKInG CAPITAL SuPPoRT Many governments implemented stimulus packages to support SME cash flows, seeing these as critical for the development and growth of these firms. In Germany and France, for example, governments allowed accelerated depreciation on all or specific assets, thus reducing the tax burden on SMEs. Other countries reduced corporate tax rates for SMEs (for example, Japan) or altered tax brackets to reduce SME taxes (the Netherlands and Canada). Some introduced policies of refunding VAT payments (the Czech Republic, France and Spain).
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