Extension of 2020 income tax returns submission deadline for companies and physical persons
The House of Representatives has approved on 24 March 2022, an extension to the deadline for the below filings from 31 March 2022 until 31 July 2022:
- Electronic submission for corporations to submit their Income Tax Return (form TD4) for the tax year 2020.
- Electronic submission for physical persons preparing audited financial statements to submit their Income Tax Return (form TD1) for the tax year 2020. Physical persons are required to prepare audited financial statements when their annual turnover (certain types of income) exceeds €70.000.
Should you like to further discuss the content and potential impact of the above on your business we remain at your disposal.