As earlier announced by the Finance Ministry on 11 February 2022, the Government Legislation Centre has published on-line draft regulation of the Finance Minister postponing the due date for the filing of income (loss) return and the payment of tax by persons liable to corporate income tax (“Draft”).
In accordance with the Draft, the due date will be postponed until 30 June 2022 for CIT taxpayers to:
- file their income (loss) returns for the tax year that ended between 1 December 2021 and 28 February 2022, and
- pay the tax due as per the return, or the difference between such tax and the total of advance tax payments due as of the start of the year.
The Draft is now undergoing an external consultation process and has been sent for public consultations.
We will keep you updated on the progress of this legislation.
If these issues pertain to your business and you are interested in our assistance, please contact us.
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