Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Postponement of deadlines for compliance with reporting obligations and payment of taxes

Postponement of deadlines for compliance with declaratory obligations and payment of taxes (HEIs 2019, organization of the tax file and the 2019 transfer pricing dossier, submission and payment of VAT for the months of March and April 2020 and VAT for the 1st quarter of 2020 and payment of withholding tax and IRC and stamp duty for the months of April and May 2020).

In line with the successive postponements of the deadlines for compliance with the declaratory and tax payment obligations that have been implemented, with a view to making timely compliance with tax obligations and the important set of measures to support households and businesses announced by the Government to mitigate the effects of the COVID-19 pandemic, as well as to strengthen the principle of mutual collaboration and the mechanisms facilitating voluntary compliance with obligations, and previously heard by the entities addressing the information of the HEI/DA, by ORDER 153/2020-XXII of 24 April 2020 of the Secretary of State for Tax Affairs (SEAF), the following was determined:

  1. Postponement of the deadline for delivery of ies/da, constitution and/or delivery of the tax documentation process (tax file) and the documentation process concerning the policy adopted on transfer pricing (transfer pricing dossier) of the 2019 tax period (legal deadline ended on 15 July 2020)
    • a) The obligation to deliver ies/da, provided for in Article 121(2) of the IRC Code; article 113(2) of the IRS Code; (h) (h) in Article 29(1) of the VAT Code; and in Article 52(2) of the Stamp Duty Code, it may be complied with by 7 August 2020, without any penalties;
    • b) The obligation to set up and/or deliver the tax documentation process (tax file) and the documentation process concerning the transfer pricing policy (transfer pricing dossier), provided for in Article 130 of the IRC Code, may be complied with by 31 August 2020 without any penalties;
  2. Simplified procedures and form of calculation and delivery of periodic VAT returns for March 2020 and q1 2020

    Similar to the procedure for the delivery of periodic VAT returns provided for in SEAF Order No 129/2020-XXII:
    • (a) periodic VAT declarations to be delivered within the legal period laid down in paragraph 1. paragraph 1 of Article 41 of the CIVA, for the period march 2020 of the monthly scheme, and the period from January to March 2020 (Q1 2020), of the quarterly scheme, may be calculated on the basis of the data contained in the E-Invoice (invoices, credit and debit notes issued to customers reported by the taxable person himself and the invoices , credit and debit notes reported by their suppliers), not lacking supporting documentation, namely reconciliations and physical documents, and the regularization of the situation should be carried out by replacement declaration;
    • (b) the replacement of the periodic declarations referred to in the preceding subparagraph, if this occurs, shall be possible, without any additions or penalties, on the basis of all the supporting documentation, provided that such substitution and payment/settlement occurs during the month of August 2020;
    • (c) The provisions of the preceding paragraphs shall apply only where:
      • (i) the taxable person presents a turnover, in accordance with Article 42, of the VAT Code for the year 2019, up to €10,000,000;
      • (ii) the taxable person has started the activity on or after 1 January 2020;
      • (iii) the taxable person has restarted the activity on or after 1 January 2020 and has not achieved turnover in 2019.
    • d) It should be noted that VAT taxable persons who do not meet the conditions set out in paragraph (c) above should make the discharge of the tax on the basis of all the physical supporting documents and their full accounting bookkeeping, until the deadline for submission of their periodic declarations, thus not being able to take advantage of this simplified and exceptional procedure.
  3. Delivery and payment times for periodic VAT returns for March and April 2020 and q1 2020

    Similar to the procedure for the delivery of periodic VAT declarations and payment, provided for in SEAF Order No. 141/2020-XXII, payments may be delivered and made, without any surcharges or penalties:
    • a) The periodic VAT declaration of the monthly scheme to be delivered within the legal period provided for in Article 41(1) of the CIVA for the period of March 2020 may be submitted by 18 May 2020 and payment of the corresponding VAT chargeable may be made by 25 May 2020, without prejudice to membership of the payment scheme in instalments that is applicable;
    • b) The periodic VAT declaration of the monthly scheme to be delivered within the legal period provided for in Article 41(1) of the CIVA for the period april 2020 may be submitted by 18 June 2020 and payment of the corresponding VAT chargeable may be made by 25 June 2020, without prejudice to membership of the payment scheme in instalments that is applicable;
    • c) The periodic VAT declaration of the quarterly scheme to be delivered within the legal period provided for in Article 41(1) of the CIVA for the 1st quarter of 2020 may be submitted by 22 May 2020 and payment of the corresponding VAT payable may be made by 25 May 2020, without prejudice to membership of the payment scheme in instalments that is applicable.
  4. Delivery times for withholding tax for IRS and IRC for April and May 2020

    The delivery of tax on withholding tax for the months of April and May 2020, pursuant to Article 98 of the IRS Code and Article 94 of the IRC Code, may be made until May 25 and june 25, 2020, respectively.
  5. Delivery times for stamp duty settled in April and May 2020

    The delivery of the stamp duty settled for the months of April and May 2020, pursuant to Article 44(1) of the Stamp Tax Code (CIS), may be made until 25 May and 25 June 2020 respectively.

Doubts.

Our team of accounting and tax advisory consultants can help you.Consult our professionals.

Scroll to Top