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Czech Republic: Deadline extended for tax returns, payments to 18 August 2020 (COVID-19)

Czech Republic: Deadline extended for tax returns

The Ministry of Finance published a third “liberation package” that allows relief from interest, and penalties for the late filing of individual (personal) and corporate income tax returns for 2019 and for late payments of tax provided both the return is filed and the tax is paid by 18 August 2020.

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The relief is provided in response to the coronavirus (COVID-19) pandemic.

Previously, the extension of the deadlines for filing returns and paying tax (and thus not subject to interest and penalties) had been set for 1 July 2020. This deadline has now been extended to 18 August 2020.

The relief is not available for taxpayers that are subject to the jurisdiction of the “Specialised Tax Authority.” Yet, these taxpayers may still apply to the tax administrator for an extension of the deadline for filing tax returns, provided certain conditions are satisfied.

Concerning the time for filing of immovable property acquisition tax returns, and for late payment of the related tax, the deadline has been further extended to 31 December 2020 (from 31 August 2020). The extended deadline provides for a waiver of interest and penalties for tax returns with a filing deadline between 31 March 2020 and 30 November 2020, and with regard to tax due and payable for the same period.

There are other tax-relief measures provided in the most recent iteration of the liberation package, including the wavier of value added tax (VAT) on certain health-related supplies and the waiver of administrative fees for filing certain applications with tax or customs authorities if filed by the end of 2020.

Read a June 2020 report prepared by the KPMG member firm in the Czech Republic

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