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An increasing number of companies are considering liquidation as the earnings deadline approaches

tax

Thousands of companies still owe €1.65 billion in taxes under the state tax system

An increasing number of hospitality, retail and construction businesses are considering voluntary liquidation as a deadline for income from Covid-era liabilities looms.

More than 4,000 companies that each owe more than €50,000 in taxes stockpiled during the pandemic still need to reach a refund arrangement with the tax authorities before the May 1 deadline, according to a report Business mail analysis.

It is now becoming clear that some companies in certain sectors will not be able to…