Financial statements can be submitted by 30 June without penalty if an excuse request is filed and taxes are paid by then.
For taxpayers using the calendar year as business year, 31 May is generally the deadline for submitting annual returns and transferring tax payables for corporate income tax, small business tax, income tax for energy providers and innovation contribution. This date is also a deadline for preparing the financial statements and the transfer pricing documentation.
However, taking account of the pandemic situation, the Ministry of Finance and the state tax authority decided to help businesses, NGOs and accountants with a special relief, provided they are not able to fulfil their obligations by the original deadline.
According to the new rule, if taxpayers submit their tax returns and other documents in question along with an excuse request and pay taxes to the state tax authority by 30 June at the latest, they should be exempted from default penalty for missing the original deadline.