2020 Corporate Tax Returns Deferred: What Businesses Need to Know

Corporate Tax Returns Deferred! Due to the difficult days caused by the coronavirus, the government is trying to provide relief wherever possible. One of these measures is the postponement of Corporate Tax return deadlines. According to the announced information, corporate tax returns that were due on April 30, 2020 have been postponed until June 1, 2020.

According to the statement from the Revenue Administration, the submission deadlines for corporate tax returns that were to be filed by April 30 have been extended. Accordingly, the filing period for Corporate Tax Returns has been postponed from April 30 until June 1, 2020. The announcement from the Administration reads: the submission and payment deadlines for Corporate Tax returns due by April 30, 2020 have been extended until the end of the day on June 1, 2020.

What Other Postponements Were Made Due to the Coronavirus?

What other postponements were made due to the coronavirus? After the coronavirus outbreak began to have a significant impact within our borders, many tax payments and filing deadlines were postponed and implemented as relief measures. The taxes and filings deferred because of the coronavirus include the following.

The income tax return for 2019, which was due in March 2020, has been postponed to April 30. The filing period for VAT returns for the February period has been extended until April 24, 2020. In addition, the submission deadline for Ba-BS forms, which were due at the end of March, has been postponed until April 30, 2020. The preparation, signing and uploading deadlines for electronic ledgers (e-Ledger) and e-Ledger certificates have also been deferred until April 30, 2020.