- The deadline to submit the Financial Statements for the year 2019 and accompanying information, as required by the administrative guidelines, is extended to 31 July 2020.
- The deadlines for taxpayers with annual turnover below ALL 14 million, are extended to the end of 2020 for the following liabilities:
- The income tax liability due for 2019, as declared in the income tax return for 2019, less any advance payment made
- Advance payments for income tax for all quarters of 2020
Hence, the deadline for the payment of corporate income tax liabilities for 2019 for medium and large taxpayers and the deadline to file the annual controlled transaction notice, remain unchanged, i.e. on 31 March 2020.
The business community has made several other requests, such as postponement of tax deadlines and temporary relief of the tax burden for medium and large taxpayers, financial support for salary costs to all employers, not only small taxpayers, that cannot work due to the COVID-19 outbreak, following the preventive measures. To date, most of these requests seems to be rejected by the Government because of budget constraints.