Taxpayers can submit applications for deferral or installment payment of tax liabilities under intervention legislation until 30 June 2021.
On the expiry of that date, the Articles 67 and 68 of the Act on intervention measures to mitigate the consequences of the second wave of the COVID-19 epidemic (ZIUOPD2) expire, which provide for exceptions to the general rules of the Tax Procedure Act (ZDavP-2) on deferral or instalment payment of tax obligations that make it easier for taxpayers to comply with their tax obligations.
Under the measures set out in Articles 67 and 68 of the ZIUOP2, the following solutions were introduced in the area of deferral of payment and instalment payment of taxes:
- more lenient conditions for granting the instalment payment or the deferral of payment to business entities;
- possibility of payment for tax and withholding tax, and for social security contributions;
- non-calculation of interest for the duration of the deferral or instalment payment.
In accordance with these provisions, 14.157 applications were received with a granted commitment by June 21st and a deferral of the commitment of 26.938€.
In the event of difficulties in dissuading tax obligations, taxable persons may apply for deferral of payment or payment in instalment under the provisions of the Tax Procedure Act. The conditions for granting a payment advantage vary according to the payment advantage applied for the taxable person.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.