Extension of the deadline for submission of TD7s and TD1s and of the deadline for settlement of the 2nd instalment of 2020 provisional tax
As per the law amendments voted by the House of Representatives, the Assessment and Collection of Taxes Law should be amended to provide for the below extensions:
- The deadline for the submission of the Employers’ Return (form TD7) for the tax year 2020 is extended from 28 February 2021 to 30 September 2021;
- The deadline for the submission of the Income Tax Return by physical persons (form TD1) for the tax year 2020 is extended from 31 July 2021 to 30 September 2021;
- The deadline for the settlement of the second instalment of the 2020 provisional tax, is extended from 31 December 2020 to 30 September 2021, without the imposition of any interest and penalties.
The above should be enacted into the legislation, once published in the Official Government Gazette.