Extension of the deadline for tax return submission until 30.6.2020

Update as of 26.3.2020 

Assignment of income tax paid

The system of assignation of 2%, or 3% of income tax paid remains unchanged. That means, the percentage of income tax paid will be transferred to the beneficiaries' account within three months after the deadline for income tax return submission, or after the extended deadline for tax return submission. If the taxpayer officially applies for the extension of the deadline for tax return submission, and at the same time the tax return would be submitted and the tax would be paid no later than 30.6.2020, the percentage of income tax paid will be remitted to the non-profit organization after the extended deadline. However, the donation assigned from the income tax paid will not be transferred to the beneficiaries' account without the submission of the announcement on extension of the deadline for tax return submission.

Tax return submission after 30.06.2020

Please note that if a taxpayer submits a tax return and pays the tax after the extended period, i.e. after 30 June 2020, the penalty will be imposed to the taxpayer due to the late submission of the tax return and late payment of the tax liability (if applicable).

Extension of deadline for a taxpayer in liquidation

A taxpayer in liquidation process will not be sanctioned for late tax return submission and late tax payment, submitted not later than 30 June 2020, also in the case if he does not apply for an extension of the deadline for tax return submission.

Payment of tax advance payments

Please note that the Government's proposal does not address the payment of income tax advances, for which the current version of the Income Tax Act remains valid. However, the Ministry of Finance of Slovak Republic together with the Financial Directorate of Slovak Republic deals with this issue, in the case of new update we will inform you.

Update as of 18.3.2020

The Government of the Slovak Republic has approved a regulation under which a taxpayer, whether individuals or legal person, will not be sanctioned if:

• with a delay of filing the income tax return for which the deadline is 31 March 2020, 30 April 2020 or 31 May 2020, provided that the tax return is filed no later than 30 June 2020, and
• late payment of income tax due on 31 March 2020, 30 April 2020 or 31 May 2020.

Please note that the Government's proposal does not address the payment of income tax advances, for which the current version of the Income Tax Act remains valid.

Similarly, a sanction will not be imposed on the healthcare provider in the event of a late submission of the withholding and income tax notification for 2019, provided that he submits the notification and pays the tax no later than 30 June 2020.

Please note that the government decree does not address the payment of income tax advances, for which the current version of Act 595/2003 Coll. . Similarly, it does not provide for a 2% remittance period, so taxpayers who have expired the tax return deadline, for example, 31.03.2020, and the tax administrator will not be notified of an extension of the tax return deadline of 1% or less. 2% tax.

The Regulation was published in the Official Journal under number 48/2020.

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Who may file the income tax return until 31.05.2020?

The measure only applies to taxpayers who are not obliged to communicate with the FA electronically, and thus to individuals – non-entrepreneurs and legal persons defined below:

• Individuals, non-entrepreneurs, if they achieve incomes from:
  • dependent activities and at the same time they are not entrepreneurs, who are registered with the tax office;
  • rental/sale of real estate, non-monetary winnings, income from securities and capital assets;
  • creation of a work and from artistic performance;
  • personal assistance;
  • income from the activity of a sportsman or sports expert;
  • earned by experts and interpreters;
• Legal persons, if:
  • they are not registered in the Commercial Register of the Slovak republic and they are not registered for VAT purposes in Slovakia;
  • they are not established for business purposes e.g. civic associations, foundations, interest associations of legal entities and others;
  • they are land communities;
  • they are foreign persons, not VAT payers and are not registered in the Commercial Register of the Slovak Republic.

Is it necessary to announce the extension of the deadline to the tax office?

The taxpayers defined above are not obliged to notify the tax administrator in relation to postponing of submission of the tax return and payment of tax liability.

Extension of the deadline for taxpayers who are obliged to communicate with the tax administrator electronically

The postponed deadline for filing income tax return does not apply to VAT payers, legal persons registered in the Commercial register and individuals – self-employed. However, even for these taxpayers, there is the possibility of extending the deadline by the electronic filing of official Announcement of extension of the deadline for submission of the tax return. The taxpayers may extend the deadline for submission by three or six calendar months (in case of incomes from abroad). The announcement should be submitted not later than 31.03.2020*

 *Does not apply to taxpayers in liquidation.