Planned extension of deadlines for reporting and filing CIT returns
The Ministry of Finance submitted to consultations a draft regulation extending the reporting deadlines for 2021. Additionally, it announced the plans to extend the deadline for filing returns and for CIT payment for 2021
Deadlines for filing returns
The draft regulation prepared by the Ministry of Finance provides for extension of deadlines for preparation, approval and filing of financial statements for the private sector entities (excluding entities supervised by the Polish Financial Supervision Authority – KNF) by 3 months. This also applies to consolidated financial statements.
For the public finance sector, the deadlines are to be extended by 1 month.
Moreover, the regulation provides for a 3-month extension of the deadline for preparation of:
- the directors’ report on company’s activity and
- the report on the activities of a capital group enclosed with the annual consolidated financial statements
Extension of the deadlines is to apply to obligations applicable to the financial year ending in the period from 30 September 2021 to 30 April 2022 provided that the deadline for compliance with said obligations did not end before 31 March 2022. Thus, the changes will also apply to some taxpayers whose financial year does not overlap with the calendar year.
The consultations concerning the bill are planned until 9 February.
Tax returns
The Ministry of Finance also announced its plans to extend the deadline for filing returns and for CIT payment for 2021 by 3 months. This change is to apply to all CIT payers.
The bill extending said deadlines is to be published soon.
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