Pursuant to the ordinance of the Minister of Finance on 27th of March 2020 regarding the extension of the deadline for submitting a tax return on the amount of income achieved (loss incurred) and payment of due tax by corporate taxpayers, the deadline for submitting a tax return and payment of CIT for the year, which ended in the period from 1st of December, 2019 to 31st of January, 2020 for all entrepreneurs was moved from 31st of March to 31st of May, 2020. In the case of entities achieving only tax-free income pursuant to art. 17 clause 1 of the CIT Act (e.g. hospitals, scientific institutions) as well as non-governmental organizations for which revenues from public benefit activities constitute at least 80% of all revenues, the deadline for submitting the testimony was extended until 31st of July, 2020, if their tax year ended from 1st of December, 2019 to 31st of March, 2020. Due to the postponement of the CIT-8 filing deadline, the deadline for submitting MDR-3 information regarding the CIT tax forms for 2019 is also moved.
Pursuant to the Regulation of the Minister of Finance of 31 March 2020 on specifying other deadlines for fulfilling obligations in the field of records and for the preparation, approval, disclosure and forwarding to the appropriate register, entity or body of reports or information, the deadlines for preparing financial statements have been postponed.
Submission of a PIT tax return
In accordance with article 15 zsi. the Act on 31st of March 2020 amending the Act on special solutions related to the prevention, prevention and eradication of COVID-19, other infectious diseases and crisis situations caused by them, as well as some other acts, submitting to the tax authority a statement on the amount of income (loss suffered) for 2019 and the payment of personal income tax due after the deadline for its submission (i.e. after 30th of April), but no later than by 31st of May, 2020 is tantamount to the taxpayer’s submission of personal income tax the notification referred to in article 16 § 4 of the Tax Penal Code. In such a case, the authority does not institute proceedings in the case of tax offense or tax offense, and the initiated one discontinues. This is not the same as the concept of deferring a date. Only the fact of no criminal record in the event of failure to give evidence within the statutory period was regulated. However, the current doubt remain the charging of the interest for the time from the end of the period for submitting the testimony to its submission.
Deferred payment of advances
In accordance with article 52o. f the Act on 31st of March, 2020 amending the Act on special solutions related to the prevention, prevention and eradication of COVID-19, other infectious diseases and crisis situations caused by them, as well as some other acts, it provides for deferment of the advance payment date for PIT. The deferral concerns the extension of the deadline for the payers to submit income tax advances collected on remuneration paid in March and April. The maximum period for deferring the payment of payroll tax is 1st of June, 2020. In the case of tax advances collected in March and April 2020 on income from a service relationship, employment relationship, outwork or cooperative employment relationship, and from cash benefits from social insurance paid by payers referred to in art. 31, the obligation specified in art. 38 section 1 shall be enforced by 1st of June, 2020, if these payers have suffered negative economic consequences due to COVID-19. 2. The provision shall apply accordingly to the payers referred to in art. 41 section 1 and 4, providing benefits for activities carried out in person, referred to in art. 13 point 8 and due to copyright and related rights. It is not required to submit an application to the Tax Office, but it should be justified by specific economic reasons. You can also apply for deferred payment of advances for a longer period than until 1st of June or for spreading the payment in installments on general terms.