tax returns

The deadline for filing personal and corporate income taxes is here!

Authors: Barbora Halousková, Andrea Kleinová
21/05/2021
tax returns
Have you missed both the classic three-month and, in the case of electronic filing, by a one month extended deadline for submission of your income tax return? Have you missed or are you worried that you will not be able to catch up a delayed but at least unpunished submission within the General Pardon by the Minister of Finance (for paper form by 3 May 2021 and electronic form by 1 June 2021)? Keep your chin up! In case that the tax return is submitted by a certified Czech tax advisor, the deadline for its submission is extended to 6 months, i.e. this year until 1 July 2021.

In addition, thanks to the change allowing the submission of a power of attorney until the end of the deadline for submission of the return by a tax advisor, you have a chance to fulfil your obligation to the tax administrator in time and without penalty even now.

Below you can find a graphical representation of the particular deadlines for the different forms of submission valid as of this year (with the exception of the above mentioned General Pardon):

deadline,

Source: Explanatory note to Act No. 283/2020 Coll. (translation to English: Crowe)

Further extension is possible on the basis of an application for an extension of the deadline for submission of a tax return by up to 3 months. If the taxpayer has income from abroad, the possibility of extending the deadline even up to 10 months applies, i.e. until the first November working day. However, such a request needs to be duly justified, as the tax administrator decides on the seriousness of the reasons set out in the request and there is no legal right to an extension. This request must be delivered to the tax administrator no later than the day of the deadline for submission of the tax return. In addition, the acceptance of an application is standardly subject to an administrative fee, but the fees associated with applications submitted between 1 January and 16 August 2021 are waived by a decision of the Minister of Finance.

Therefore, if the need to extend the deadline for any reason concerns you, do not hesitate to contact us. We can help you with the preparation of an application for an extension of the deadline, as well as with the calculation of the tax itself and the submission of your tax return to the appropriate tax office.

 

Contact our expert

Andrea Kleinová
Andrea Kleinová
Certified Tax Advisor
Crowe