According to the draft regulation, which was published on 16 February 2023 on the website of the Government Legislation Center and sent for consultation. The deadline for submitting the annual tax return (CIT-8, CIT-8AB) and payment of the tax due for CIT taxpayers has been set for 30 June 2023 instead of 31 March 2023. The regulation will apply to all taxpayers of corporate income tax.
According to the draft regulation 30 June 2023 will be the deadline for, inter alia:
- submitting a statement on the amount of income earned or loss incurred in the tax year that ended between 1 December 2022 and 28 February 2023 (CIT-8, CIT-8AB);
- payment of the tax due shown in the tax return or the difference between the tax due on income and the sum of advance payments due for the period from the beginning of the year.
It was indicated that, the planned changes are due to “the dynamically changing macroeconomic situation, as well as the occurrence of negative economic phenomena in the domestic market due to external factors.” The change in the deadline is aimed at facilitating the fulfillment of the statutory obligation of the annual corporate income tax return. The extension of the deadline is a response to demands made by, among others, the accounting community. Significantly, it is proposed that the regulation enter into force on the day following the date of promulgation.
