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 la…