Income tax return payment deadlines have been postponed. According to breaking news, the original due date of Monday, May 18, 2020 for income tax returns has been delayed to Thursday, May 28, 2020. The extension applies to the provisional tax period for the first term of 2020, covering both income tax and corporate provisional tax returns.
In its announcement, the Revenue Administration stated that the filing deadlines for the specified tax returns and the payment deadlines for taxes assessed on those returns have been extended until Thursday, May 28, 2020.
Return Payments Deferred to Thursday, May 28, 2020
The deferral of return payments to Thursday, May 28, 2020 affects millions of taxpayers. The Revenue Administration announced that filing and payment deadlines for provisional taxes related to the first period of 2020 — covering January, February and March — have been extended.
The Revenue Administration’s statement explains that with Tax Procedure Communiqué No. 130 dated May 12, 2020, the filing deadlines for income and corporate provisional tax returns for the first provisional tax period of 2020, which were due by the end of May 18, 2020, have been postponed. Correspondingly, the payment deadlines for taxes assessed on those returns have been extended until the end of Thursday, May 28, 2020.