Tax declarations: A few days’ extension for natural and legal persons for their submission
After intense pressure from accountants and business operators, a few days’ extension was finally given for tax returns.
In particular, after consultation with the administration of AADE regarding the process of submitting income tax returns, the Ministry of National Economy and Finance announces the following:
From the start of the submission process on 25 April 2024 until yesterday Thursday 25 June 2024, 6,068,600 statements natural persons were submitted. Accordingly, since May 1, when the process of submitting the declarations legal entities began, 252,542 tax declarations have been submitted.
This number corresponds to 93.3% of all tax returns for natural persons and 81.8% of all tax returns for legal entities.
Extension on tax returns
Taking into account, on the one hand, the fact that the vast majority of returns have already been submitted, but also that, on the other hand, some technical problems have occurred in the last few days in the return submission system due to the mass submission by accounting applications, it is announced that the deadline for submitting income tax returns has been postponed as follows:
- August 2 for the declarations of natural persons
- August 9 for the declarations of legal entities. The deadline shift is relatively longer for the additional reason that the submission rate is not as high as in physical
The first dose
Accordingly, the deadline for payment of the first installment of the tax is postponed to 2/8 for natural persons and to 9/8 for legal persons.
However, the possibility of a one-time tax payment with a 3% discount for natural persons remains until July 31.
Based on the rate of submission to date, the additional time given is sufficient in order to seamlessly submit both the remaining returns and fulfill the remaining tax obligations