The deadline for declaring and paying taxes is postponed for June 30th

The deadline for declaring and paying taxes is postponed for June 30th

A number of amendments are also made to the Corporate Income Tax Act (CITA). One of them is that the deadline for declaring and paying the annual taxes has already been postponed to June 30th, and the starting date will be March 1st. The same will apply to sole traders and farmers. Landlords will declare their income under stricter rules in accordance with the amendments to the Personal Income Tax Act (PITA). It is proposed to introduce a new relief when renovating the home.

The aim is for individuals who have made improvements and repairs in their own homes during the year to be able to reduce the total amount of their annual tax base with the actual labor costs paid by them to the individuals or legal entities that performed the repairs.

The Local Taxes and Fees Act introduces administrative relief. Upon completion of a building, only a certificate of commissioning or a use permit will be presented. In case of termination of registration of a motor vehicle due to export or total damage, no tax will be due for the acquisition of the vehicle. The rule will apply only if there is no subsequent registration of the motor vehicle by a new purchaser in the country.

The Corporate Income Tax Act (CITA) extends the period of application of the tax relief representing minimum aid until December 31st, 2023 and the tax relief representing aid for regional development until December 31st, 2021.

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