Changes to CIT in 2021

The persons and companies, to whom the obligation to pay higher advance payments than the one calculated based on the last known tax liability was imposed, was required to:

• to pay a positive balance between the advances paid up to the time limit for submitting the tax return and those calculated from the tax return for the previous period, up to the end of the calendar month following the expiry of the time limit for submitting the tax return.

Amendment to § 42, part 9 of ITA introduces changes in the advance payment of Income Tax, in particular the abolition of this obligation.