| 25 March, 2022

The Regulation extending the deadline for CIT settlement and the Regulation extending the deadline for submission of financial statements have come into force

The Ministry of Finance is once again extending the deadline for CIT taxpayers for filing tax returns and drafting financial statements.

CIT settlement

The Regulation extends the deadline for tax return and payment of CIT by 30 June 2022. The taxpayers whose tax year ended in the period from 1 December 2021 to 28 February 2022 may benefit from the deadline extension.

The Regulation does not envisage deadline extension for filing other information/tax declarations for 2021, e.g., IFT-2R or ORD-U.

Financial statements

The Regulation envisages deadline extension for drawing up and approval of financial statements (including consolidated financial statements):

  • by 3 months in the case of the private sector entities (except for entities supervised by the Financial Supervision Authority (KNF) – operating in the financial market) and the non-governmental organizations,
  • by 1 month in the case of the public finance sector entities,
  • by 3 months – in the case of PIT taxpayers who keep accounting books.

The deadline extension is to apply to financial statements for the financial year ending after 29 September 2021, but no later than on 30 April 2022 (as long as the deadline of fulfilling obligations has not lapsed prior to 31 March 2022).

The author

Tax Department