Covid-19 & MCO: 10 key tax questions answered - News Summed Up

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Covid-19 & MCO: 10 key tax questions answered


The filing of all income tax return forms that falls between March and June 2020 is extended by two months. Meanwhile, an individual with business source income is given until August 31 to file his tax income return as opposed to June 30. The same two-month extension is also given to companies whose income tax return filing is due between March and June 2020. Is the timeline for tax payments extended as well? Withholding tax payment due between March 18 and March 31 can be made from April 1 to April 30.


Source: The Edge Markets April 02, 2020 03:56 UTC



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