Australia | Filing return: The Australian taxation office extended the lodgment day for 2018–19 company tax returns until 5 June 2020, which were due on 15 May 2020. See the story in Regfollower |
Bolivia | Filing return: On 9 May 2020, the National Tax Service announced to extend the filing deadline of annual corporate income tax from 29 May 2020 to 31 July 2020. Payment of tax: The payment of the Business Profits Tax is postponed until 31 July 2020. See the story in Regfollower |
Belgium | E-filing: The Finance Ministry announced that “Tax-on-web” on the MyMinFin portal is now available for income tax returns. Filing return: The deadline for submitting tax return is 24 September 2020 for resident and non-resident companies. See the story in Regfollower |
Brazil | Payment of tax: The extended deadlines for tax installments up to the last business days of August, October, and December 2020 due in May, June, and July 2020. See the story in Regfollower |
Canada | Filing return: New extended deadline for corporations is up to 1 September 2020 that would otherwise have a filing due dates on 31 May, or in June, July, or August 2020. See the story in Regfollower |
Colombia | Due dates main corporate income tax: The deadline of companies for filing financial statements for the year 2019 is extended to between 3 June and 30 June 2020, depending on the last two digits of the taxpayer’s TIN. See the story in Regfollower Due dates main corporate income tax: The Ministry of Finance and Public Credit extended the payment of the second installment of income tax until November 2020 for micro, small and medium-sized enterprises, based on taxpayer’s TIN number. See the story in Regfollower |
Egypt | Filing return: The President approved a Law providing the extension of filing deadline of tax return for a period not exceeding 3 months, renewable for another similar period for specific sectors. See the story in Regfollower |
El Salvador | Filing return: The legislative assembly passed a Decree to extend the filing deadline of corporate income tax return until 30 June 2020, which was due on 30 April 2020. See the story in Regfollower |
Ghana | Filing return: The Parliament approved to extend the filing deadlines of corporate tax return up to 30 June 2020 and 31 December 2020 based on their fiscal year-end. See the story in Regfollower |
Guatemala | Payment of tax: The tax authority has recently provided tax payment procedures for corporate taxpayers in response to COVID-19 pandemic. See the story in Regfollower |
Indonesia | Filing return: The Directorate General of Taxation announced that income tax return along with audited financial statements, other documents needs to be submitted by 30 June 2020. See the story in Regfollower |
Malta | Filing return: On 29 April 2020, the Revenue Commissioner announced new deadlines for electronic filing of corporate income tax return, on the basis of the dates of financial year-end. See the story in Regfollower |
Netherlands | Due dates main corporate income tax: The extension of deferral payments allowed for businesses having liquidity problems for a period of 3 months or longer than 3 months. Interest on late payments: The Government declared that interest on tax due and late-payment interest would be reduced to 0.01% until 1 October 2020. See the story in Regfollower |
Norway | Interest on late payments: On May 12, 2020, the Government proposed that the interest rate on late payments of taxes is reduced to 6% for the period from May to June 2020. See the story in Regfollower |
Panama | Filing return: The corporate income tax returns filing deadline for taxable year 2019 is further extended until 17 July 2020. See the story in Regfollower |
Peru | Treatment of losses: On 8 May 2020, a Decree was Officially published, providing loss incurred in the 2020 taxable year, which can be carried forward for up to five years starting from 2021. See the story in Regfollower Due dates main corporate income tax: The Peruvian tax authorities Officially published a Resolution to extends the deadline of payment of monthly tax obligations to certain taxpayers. See the story in Regfollower |
Romania | Payment procedures: The Government Officially published a Law providing a 10% discount on corporate income tax due for the 2nd and 3rd quarters of 2020. See the story in Regfollower |
Sri Lanka | Filing return: The Inland Revenue Department issued a Notice to extend the deadline of annual declaration of employer (PAYE tax return) for 2019/2020 up to 15 July 2020. Withholding taxes due: The deadline of the withholding tax payment is extended up to 15 July 2020. E-filing: The e-Filing facility is available to submit PAYE tax return, WHT return etc. through e-Services in IRD Web Portal. See the story in Regfollower |
Thailand | Filing return: The Finance Ministry announced to extend the deadline for online specific business tax returns between 1 June 2020 and 30 September 2020. See the story in Regfollower |
Uruguay | Filing return: The Directorate General of Taxation published a Resolution to extend the deadline of annual corporate tax return between May and June based on due months and type of taxpayers. See the story in Regfollower |
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Tax Treaty News: June 2020
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