Draft legislation (Bill 7746) that would extend certain deadlines for individual and corporate tax returns has been filed in the Chamber of Deputies.
The proposed tax return deadline extensions are intended to provide relief for individuals and businesses in response to the coronavirus (COVID-19) pandemic.
If enacted, the filing deadlines would be extended as follows:
The bill does not provide for an extension of the deadline for filing corporate tax returns for 2019. For these returns, an administrative tolerance—until 31 March 2021—was announced by the government on 21 December 2020, so that no penalties would be imposed if the corporate tax return is filed before 31 March 2021.
The bill is subject to completion of the legislative process before becoming law.
Read a January 2021 report prepared by the KPMG member firm in Luxembourg
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