The deadlines for the 2019 personal tax returns have been automatically extended to 31 May 2020.
What is still not clear is whether the measures will be extended to those who do not file a full tax return but who have tax at source and wish to do a ‘tariff correction’. For such persons, the deadline had so far been a strict 31 March following the tax year, without the possibility of extension.
It has been further announced that taxpayers who are currently unable to pay their tax bills due to the consequences of the coronavirus have the option of deferring the payment or making payments in instalments.
Individuals or companies who predict a drop in income in 2020, can ask the local office to adjust the provisional tax bills for the state and local taxes.
The measures extend to the final tax bills regarding previous years. If you are in financial difficulty, get in touch with your local tax office to organise the best course of action.