Applies to non-resident taxpayers electing under section 217 who would otherwise have a filing deadline of June 30, 2020. People who file their tax returns late will not be fined if they have been hit by the coronavirus under new rules that will benefit millions of workers. This does not include returns that the software says must be paper-filed or returns that are excluded from electronic filing. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. Applies to trusts with a tax year end date of December 31, 2019. The filing deadline for all 2019 share scheme returns is being extended from 31 March 2020 to 30 June 2020. September 30, 2020 Further extended as of July 27. The CRA encourages everyone to file their income tax returns as soon as possible, even though payment deadlines are being extended. Applies to partnerships that would normally have a filing deadline after March 31 and before May 31, 2020. Applies to non-resident corporations electing under section 216(4) that would otherwise have a filing deadline on May 31, or in June, July, or August 2020. There is no need for these companies to apply for the extension of time with ACRA. The Order prescribes the alternative arrangements for the conduct of general meetings of companies, variable capital companies, unit holders of registered business trusts, unit holders of unit trusts and holders of debentures. October 15 is the filing deadline for those who requested an extension Taxpayers who requested an automatic filing extension should complete their 2019 tax returns and file on or before the Oct. 15 deadline. Should issuers and non-listed companies, after due consideration of public health and other risks, wish to provide for physical attendance at their general meetings, they must ensure that they implement all relevant measures to comply with the safe management measures imposed by the Singapore Government. In light of the COVID-19 situation, ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. It is important that tax returns are filed by their due date however, where this is not possible, the URA has provided for an extension of time within which to file the respective tax returns. Revenue has agreed to further extend the filing deadline for the 2019 ESS1 - Return of Information by the Trustee of an Approved Profit Sharing Scheme to 31 October 2020. Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due after March 18 and before May 31, 2020. The blanket relief provides a 60-day extension for periodic filings normally required to be made between June 2, 2020 and September 30, 2020 by registrants and, in Ontario, unregistered capital markets participants that rely upon certain registration exemptions. Click here for more information. For companies who have shortened their accounting period, the filing deadline … A transitional arrangement is also provided for any meeting convened, held, conducted or deferred during a period of 30 days after the end of the Control Period, where the notice of the meeting was given during the Control Period. Their AR filing due dates will also be extended for 60 days. This also applies to the Part XIII remittance requirement associated with income paid or payable to non-resident beneficiaries. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. September 30, 2020 Further extended as of July 27. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. France: Annual transfer pricing return, filing deadline The French tax administration indicated that because the deadline for filing the corporate income tax return for 2019 has been extended as a relief measure in response to the coronavirus (COVID-19) pandemic, the deadline for filing the annual transfer pricing return is also being extended. The transitional arrangement will not apply to meetings that are further adjourned after the Control Period. The later between June 15, 2020 or six months after their day of death. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. In response to COVID-19, some state tax agencies are offering waivers and extensions to payroll tax deadlines. COVID-19: Payment deadline extension. However, we are preserving the June 1 filing deadline for T1 individuals, and the June 15 filing deadline for T1 self-employed individuals (sole-proprietors), in order to encourage filing returns in time to accurately calculate benefits, which rely on 2019 tax returns for entitlement calculation. New annual return deadlines 3) Order 2020 (002), COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) (13 Apr 2020), COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 (14 April 2020), Additional Guidance on the Conduct of General Meetings During Safe Management Period (updated on 22 Jun 2020), Ministry of Law and Ministry of Finance joint media statement (31 Mar 2020), ACRA-MAS-SGX RegCo updated Guidance on general meetings (31 Mar 2020), Financial Reporting Practice Guidance 1 of 2020, Audit Practice Bulletin No 1 of 2020: Key audit consideration - COVID-19, ISCA’s COVID-19 Navigator – A Guide for Singapore Chartered Accountants, MTI’s information for businesses on the temporary suspension of activities due to tightened safe distancing measures. Maximum 300 characters, Self-employed and their spouse or common law partner – Deadlines, Information returns, elections, designations and information requests – Deadlines, Changes to taxes and benefits: CRA and COVID-19, Penalties and interest relief for extended deadlines, Processing delays for individual income tax paper returns - file online instead, The CRA will also waive arrears interest on existing tax debts. If you already filed a 2019 paper return that has not been processed yet, you can file it again online using NETFILE certified tax software. The last tax year started on 6 April 2019 and ended on 5 April 2020. In Apr 2020, ACRA had granted a 60-day extension of time (EOT) for all listed and non-listed companies whose AGMs are due during the period 16 Apr to 31 Jul 2020, and AR filings due between 1 May and 31 Aug 2020. The deadline for furnishing of income tax returns for the Assessment Year 2020-21 … Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due on May 31, or in June, July, or August 2020. ACRA, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated the checklist to guide issuers and non-listed entities on the conduct of general meetings arising from the latest updates from the Multi-Ministry Taskforce to ease safe management measures to facilitate business operations. Tax payment deadlines have not been extended. Penalties and interest will not be applied if returns are filed and payments are made by September 30, 2020. CRA is experiencing delays in processing paper income tax and benefit returns. Penalties and interest will not be charged if payments are made by the extended deadlines of September 30, 2020. This extension also applies to forms T106 and T1135, and any elections, forms and schedules that must be filed with the return. For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 Issuers must also continue to make available the option for shareholders to participate in their general meetings via electronic means. Applies to trusts that would otherwise have a filing due date on May 31, or in June, July, or August 2020. The Checklist was first issued amid the evolving COVID-19 situation on 13 April 2020 and updated on 27 April 2020 and 22 June 2020. Applies to income tax balances and instalments due on or after March 18 and before September 30, 2020. The media release does not specifically address other matters such as deadlines for filing objections and appeals. New extended tax return filing deadlines have recently been announced by the CRA, Revenu Quebec and Alberta Tax and Revenue Administration (TRA). Some taxpayers may have received a Notice of Assessment that says the deadline for payment is April 30, 2020 or September 1, 2020, which is now incorrect. The CRA will also waive arrears interest on existing tax debts related to individual, corporation, and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for GST/HST returns. The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. Instead of the normal April 30 deadline for the 2020 tax season, Canadians now have until June 1, 2020 to submit their income tax return to the CRA. As we are in the early stages of our re-opening, activities where large numbers of people are likely to come into close contact for a prolonged period in enclosed spaces should be avoided. September 30, 2020 Futher extended as of July 27. Companies who are holding general meetings on or before 30 September 2020 should continue to conduct their meetings in accordance with the checklist by the ACRA, MAS and SGX RegCo available here. Penalties and interest will not be applied if information returns, elections, designations, and information requests are filed and payments are made by September 1, 2020. On 7 April 2020, ACRA published a media release on “Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns”. Companies are reminded to hold their AGM and file their AR by the extended due dates, to avoid incurring penalties. There is no change to the current penalty framework for other ad hoc filings. Applies to balances due on or after March 18, 2020, and before September 30, 2020. This also applies to the June 15 and September 15, 2020, instalment payments for those who have to pay by instalments. For more details, please click here. September 30, 2020 Further extended as of July 27. September 30, 2020 Extended as of July 27. ACRA will also not impose any penalties on listed and non-listed companies whose AGMs are due during the period 1 April to 15 April 2020 if they hold the AGM within 60 days of the due date. The later of September 30, 2020 or six months after their day of death. There is no need for these companies to apply for the extension of time with ACRA. 3. On 23 September 2020, the Ministry of Health issued an advisory to provide that work-related events within the workplace premises that are business-oriented (which includes general meetings) will be allowed to resume, for up to 50 persons at a permitted premises (and not a function centre hired from another) with strict adherence to safe management measures. While this measure for existing tax debts does not cancel penalties and interest already assessed on a taxpayer’s account prior to this period, it will ensure that a taxpayer’s existing tax debt will not grow through interest charges during this difficult time. ACRA Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns May 19, 2020 In light of the COVID-19 situation, some companies may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs). Further announcements will be made when the extension comes into effect. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. There is no need … The extensions to the filing due date for income tax returns detailed below also apply to forms T106 and T1135, and any elections, forms, and schedules that must be filed with the return or on the same day as the return. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by the later of September 30, 2020 or six months after their day of death. The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic. 3. This checklist incorporates the alternative arrangements prescribed in the Order as well as other alternative practices that issuers and non-listed companies should adopt given the inability of members to attend meetings in person. ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. The central government and the finance ministry did their best to help out by extending the various Income Tax compliance deadlines, including extension in the date for filing ITR (income tax return) for FY19 as well as linking one’s PAN with Aadhaar. On 14 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 was issued. The refinements to the Order are as follows: The Ministry of Law intends to extend the duration of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the “Order”), to 30 June 2021. Applies to partnerships that would normally have a March 31 filing deadline. ACRA will process and allow these applications for extension of time (EOT) through BizFile + for these companies with … These amendments extend the Order to 30 June 2021 and refine the Order to facilitate greater convenience and engagement for virtual meetings. The later of June 1, 2020 or six months after their day of death. Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. The Control Period will be the period commencing retrospectively from 27 March 2020 to the last day the Regulations or the Infectious Diseases (Measures to Prevent Spread of COVID-19) Regulations 2020 is in force. Mortgage charges Penalties and interest relief will be considered on a case-by-case basis for income tax balances that are not listed above. The filing deadline extension will only apply if the event, such as a change to your company’s directors or people with significant control, happened on or before 5 April 2021. In light of the Order, ACRA, the Monetary Authority of Singapore and Singapore Exchange Regulation have prepared a checklist to guide the conduct of general meetings during the Control Period. File your 2019 taxes online as soon as possible and register for direct deposit to get refunds faster and avoid interruptions to benefit and credit payments. On 13 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) was issued. Under these extensions, certain trusts and corporations with tax returns otherwise due in June, July or August 2020, may now file those returns by September 1, 2020. When granted, businesses will be able to file and pay no later than April 20, 2020 with a waiver of any penalties and interest. Applies to balances and instalments due on or after March 18 and before September 30, 2020. 4. Applies to non-resident corporations electing under section 216(4) that would otherwise have a filing deadline after March 18 and before May 31, 2020. The alternative arrangements apply to meetings convened, held, conducted or deferred during the Control Period. 2) Regulations 2020 to prescribe the classes of companies to which ACRA is granting the extensions of time was published on 15 April 2020. There is no need for these companies to apply for the extension of time with ACRA. The Canada Revenue Agency (CRA) says the deadline to pay has been extended from September 1st to September 30th. The Internal Revenue Service and the Treasury Department have started delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year. The CRA will also waive arrears interest on existing tax debts related to these parts of the Income Tax Act from April 1, 2020, to September 30, 2020. Interest will not be applied if payments are made by September 30, 2020. Learn how your state may change its tax payment and filing deadlines due to COVID-19. Applies to non-resident individuals electing under section 216(4) who would otherwise have a filing deadline of June 30, 2020. With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. 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