Extension of deadline for the submission of income tax returns and tax payments by fiscal units

The Office of the CfR has issued a notice stating that the deadline for the filing of the YA 2020 income tax return by a principal taxpayer in respect of a fiscal unit for the purposes of the Consolidated Group (Income Tax) Rules is being extended to 28 February 2021.

In addition, with respect to fiscal units not entitled to the tax payment deadline of eighteen months following the end of the accounting period, the deadline for the payment of settlement tax with respect to Year of Assessment 2020 is being further extended to 28 February 2021.