VAT

Waiver of the sanctions for delay in filing the VAT and income tax returns and related payments

Authors: Markéta Gattnarová, Jana Střelická
08/03/2021
VAT
We would like to inform you about the decision of the Ministry of Finance, issued in the Financial Bulletin 13/2021 and 16/2021, concerning the waiver of a fine for late submission of a VAT return as well as income tax return. 

The waiver in case of VAT return applies in the following cases:

  • late submission of a VAT return for the month of February 2021;
  • late submission of an additional VAT return, for which there is an obligation to file by the end of March 2021;
  • not submitting a VAT Ledger Statement for the month of February 2021;
  • not submitting a VAT Ledger Statement for previous months, if the period for fulfilling the obligation related to the VAT Ledger Statement falls at least in some part within the period between 1 March 2021 and 21 March 2021;
  • accrued interest on late submission or payment of VAT return for the month of February 2021.

provided the submission will be done no later than 15 April 2021. By this date it is possible to pay without any sanctions VAT liability for February 2021 which is normally due by 25 March 2021.

Further, according to the further decision of the Ministry of Finance issued in the Financial Bulletin 16/2021 of 9 March 2021, the fine for late filing of the tax return for both personal as well as corporate income tax for 2020 is also waived for those taxpayers who are obliged to file these tax returns, according to Section 136 of the Tax Code, by 1 April 2021 (paper form) or 3 May 2021 (electronically).

The fine will be waived provided the tax return is filed by 3 May 2021 (in the case of the obligation to file the tax return by 1 April 2021) or by 1 June 2021 (in the case of the obligation to file the tax return by 3 May 2021). By these dates it is possible to pay income tax for 2020 without any sanctions.

We would like to point out that Overviews of self-employed person for 2020 are to be filed within the standard deadlines, as well as the underpayments on insurance are to be paid within the standard deadlines.

Similarly, the fine for late submission of Notification of the tax exempt income will be waived if the Notification is filed by 3 May 2021 at the latest (standard deadline is 1 April 2021).

These decisions were made based on the current Covid-19 pandemic situation and the associated three-week restriction of movement and travels (until 21 March 2021) in order to reduce personal contacts.

Updated: 15 March 2021

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