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Tax updates

Crisis shield and suspension of the obligation to pay advances on personal income tax and corporate income tax

Order of the Minister of Finance of 1 June 2020 on the extension of the deadlines for the transfer by certain payers of advance payments for income tax and flat-rate income tax increases the time limits for payment by payers of advance payments for income tax.

Order of the Minister of Finance of 1 June 2020 on the extension of the deadlines for the transfer by certain payers of advance payments for income tax and flat-rate income tax increases the time limits for payment by payers of advance payments for income tax.

Order of the Minister of Finance of 1 June 2020 on the extension of the deadlines for the transfer by certain payers of advance payments for income tax and flat-rate income tax increases the time limits for payment by payers of advance payments for income tax.

Advances collected:

  • in March - are paid to 20 August 2020,
  • in April - are paid to 20 October 2020,
  • in May - are paid to 20 December 2020

In the case of advance payments or benefits from a business relationship, employment relationship, placement or cooperative employment relationship and social security cash benefits, as well as advance payments and flat-rate income tax on payments or benefits of activities performed in person and on copyright and related rights collected in May 2020, the deadline for their payment was extended to 20 December 2020

In the explanatory memorandum of the Regulation, the Ministry of Finance indicated that the solutions proposed in the draft regulation would reduce the revenue of the public finance sector, including the state budget and local government units, which have a share in the proceeds of personal income tax only on a monthly basis. They will remain unchanged on an annual basis.

This solution includes payers who have suffered negative economic consequences due to COVID-19. It also applies to payers making personal and copyright benefits.

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