The tax year coincides with the calendar year. It may, however, be changed upon request submitted to the Commercial Registry.
Tax returns must be submitted by the companies at the latest:
1. 9 months after the end of the accounting period; or
2. by 31 March of the year following the end of the accounting year.
If this time period coincides with a public holiday the deadline shall be the next business day. The tax authorities usually grant deadline extensions for returns submitted online -- this option must be verified each year.
Examples of deadlines for submission of income statements:
|End of period||Submission deadline for the statement||Extension granted for statements submitted online in 2019|
|31 December 2018||30 March 2019||28 November 2019|
|25 November 2018||31 March 2019||31 October 2019|
|31 January 2018||31 March 2019||31 May 2019|
|31 March 2018||31 March 2019||31 May 2019|
|30 June 2018||31 March 2019||31 May 2019|
As a rule, entities registered for VAT purposes must submit a quarterly statement. The deadline for submitting a VAT return is the 15th day of the second month after the end of the quarter to which it pertains.
VAT returns must be filled in and submitted to the tax authorities, even for inactive companies.
Provisional Tax Payments on account of tax
Companies and self-employed workers must make provisional tax payments on account on 30 April, 31 August and 21 December.
Examples of provisional tax payments on account for 2018:
|Accounting period||Provisional Tax Payments on account|
|01/01/19 - 31/12/19||April (20%) - August (30%) - December (50%)|
|01/04/18 - 31/03/19||April (20%) - August (30%) - December (50%)|
|01/07/18 - 30/06/19||April (20%) - December (30%) - August (50%)|
|01/10/18 - 30/09/19||December (20%) - April (30%) - August (50%)|