Non-payment of Profit Tax installments due to COVID-19, fines for businesses are forgiven

In the framework of facilitating the economic activity of private entities, the Tax Administration will cancel the fines imposed due to non-payment on time of the preliminary installments of Profit Tax for the first quarter of 2020 of entities and businesses, reflected in the period of natural disaster declared by DCM no. 243, dated 24.3.2020, "On the declaration of the state of natural disaster", as amended.

All entities that have received a penalty for non-payment of Profit Tax installments on time and have paid it will be able to use this amount for subsequent tax liabilities. The Tax Administration will continue to implement the procedures to notify taxpayers in their e-Filing electronic declaration account. This decision of the Tax Administration comes as help and support to these entities due to the pandemic.