SGX RegCo has consulted ACRA on allowing Singapore incorporated companies listed on SGX more time to hold their AGMs and file annual returns. Applies to charities with Form T3010 due between March 18, 2020 and December 31, 2020, The 15th of each month following an amount paid or credited by residents of Canada to non-resident persons. September 30, 2020 Futher extended as of July 27. The Canada Revenue Agency (CRA) says the deadline to pay has been extended from September 1st to September 30th. Applies to non-resident individuals electing under section 216(4) who would otherwise have a filing deadline of June 30, 2020. ACRA Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns May 19, 2020 In light of the COVID-19 situation, some companies may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs). The filing deadline extension will only apply if the event, such as a change to your company’s directors or people with significant control, happened on or before 5 April 2021. Tax in respect of Registered Investments (Parts X.2), Tax in respect of overpayments to Registered Education Savings Plan (Part X.4), Payments under Registered Education Savings Plan (Part X.5), Tax on Investment Income of Life Insurers (Part XII.3), Recovery of labour-sponsored funds tax credit (Part XII.5). Note: The Companies (Amendment No. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. Companies who are holding general meetings on or before 30 September 2020 should continue to conduct their meetings in accordance with the checklist by the ACRA, MAS and SGX RegCo available here. 1. For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 Penalties and interest will not be applied if information returns, elections, designations, and information requests are filed and payments are made by September 1, 2020. France: Annual transfer pricing return, filing deadline The French tax administration indicated that because the deadline for filing the corporate income tax return for 2019 has been extended as a relief measure in response to the coronavirus (COVID-19) pandemic, the deadline for filing the annual transfer pricing return is also being extended. The CRA will also waive arrears interest on existing tax debts related to individual, corporation, and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for GST/HST returns. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by the later of September 30, 2020 or six months after their day of death. TUCSON, Ariz. (KOLD News 13) - Good news for businesses in need of assistance because of the COVID-19 pandemic, the U.S. Small Business Administration is extending the Economic Injury Disaster Loan application deadline has been extended. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. In Apr 2020, ACRA had granted a 60-day extension of time (EOT) for all listed and non-listed companies whose AGMs are due during the period 16 Apr to 31 Jul 2020, and AR filings due between 1 May and 31 Aug 2020. September 30, 2020 Further extended as of July 27. ACRA's Support Measures and Guidance during COVID-19, Guidance on the Conduct of General Meetings Amid Evolving COVID-19 Situation (1 Oct 2020), Multi-Ministry Taskforce’s announcement on “Resuming More Activities Safely” (23 Sep 2020), Ministry of Law press release (30 Sep 2020), Companies Variable Capital Companies Business Trusts Unit Trusts and Debenture Holders (Amendment No. In light of the Order, ACRA, the Monetary Authority of Singapore and Singapore Exchange Regulation have prepared a checklist to guide the conduct of general meetings during the Control Period. Applies to income tax balances and instalments due on or after March 18 and before September 30, 2020. Latest Updates on Coronavirus Tax Relief. In response to COVID-19, some state tax agencies are offering waivers and extensions to payroll tax deadlines. This changes filing deadlines to: twelve months from the end of the accounting reference period for a private company; and; nine months from the end of the accounting reference period for a public company. 4. There is no need for these companies to apply for the extension of time with ACRA. The extensions to the filing due date for income tax returns detailed below also apply to forms T106 and T1135, and any elections, forms, and schedules that must be filed with the return or on the same day as the return. The CRA is seeking tax returns from individuals by June 1, 2020 in order to ensure accurate federal and provincial benefits payments. This also applies to the June 15 and September 15, 2020, instalment payments for those who have to pay by instalments. CRA is experiencing delays in processing paper income tax and benefit returns. Applies to corporations that would otherwise have a filing deadline on May 31, or in June, July, or August 2020. Unchanged. Following Singapore’s move into phase two of its reopening on 19 June 2020, ACRA, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated the joint guidance and checklist issued on 13 April 2020, to guide the conduct of general meetings during safe management period. The Control Period will be the period commencing retrospectively from 27 March 2020 to the last day the Regulations or the Infectious Diseases (Measures to Prevent Spread of COVID-19) Regulations 2020 is in force. Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due after March 18 and before May 31, 2020. However, we are preserving the June 1 filing deadline for T1 individuals, and the June 15 filing deadline for T1 self-employed individuals (sole-proprietors), in order to encourage filing returns in time to accurately calculate benefits, which rely on 2019 tax returns for entitlement calculation. This includes the late-filing penalty as long as the return is filed by September 30, 2020 (related to the 2019 tax return for individuals and the tax returns for trusts and corporations that would otherwise be due on or after March 18, 2020, and before September 30, 2020). This does not include returns that the software says must be paper-filed or returns that are excluded from electronic filing. With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. Convenient electronic filing options, including IRS Free File, are still available. The later of June 1, 2020 or six months after their day of death. ACRA will also not impose any penalties on listed and non-listed companies whose AGMs are due during the period 1 April to 15 April 2020 if they hold the AGM within 60 days of the due date. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. October 15 is the filing deadline for those who requested an extension Taxpayers who requested an automatic filing extension should complete their 2019 tax returns and file on or before the Oct. 15 deadline. As we are in the early stages of our re-opening, activities where large numbers of people are likely to come into close contact for a prolonged period in enclosed spaces should be avoided. File your 2019 taxes online as soon as possible and register for direct deposit to get refunds faster and avoid interruptions to benefit and credit payments. Although Oct. 15 is the last day for most people to file, some may have more time. The CRA encourages everyone to file their income tax returns as soon as possible, even though payment deadlines are being extended. COVID-19 Greater flexibility for statutory tax deadlines COVID-19 31 March 2020 issues As part of the response to COVID-19, we still need you to continue to file your returns as the information is used to make correct payments to people, and to help the Government … ... Returns due to the COVID-19 situation, IRAS would grant them a 1-month extension till 15 Jan 2021 to e-File the YA 2020 CIT Returns, provided that the companies had submitted the "Request for Filing Extension for YA 2020 Corporate Income Tax … Companies that had previously been granted extension of time to hold their AGMs within this period will also be given a further 60 days of extension from the last date of extension. The COVID-19 pandemic has hit everyone hard especially when it came to personal finances and salaries. If you already filed a 2019 paper return that has not been processed yet, you can file it again online using NETFILE certified tax software. If the 2019 tax return is not assessed in time, benefits and/… The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. Applies to trusts with a tax year end date of December 31, 2019. Some taxpayers may have received a Notice of Assessment that says the deadline for payment is April 30, 2020 or September 1, 2020, which is now incorrect. The checklist is also applicable to VCCs and non-listed unit trusts, with the necessary modifications. Their AR filing due dates will also be extended for 60 days. The transitional arrangement will not apply to meetings that are further adjourned after the Control Period. Click here for more information. The later of September 30, 2020 or six months after their day of death. On 23 September 2020, the Ministry of Health issued an advisory to provide that work-related events within the workplace premises that are business-oriented (which includes general meetings) will be allowed to resume, for up to 50 persons at a permitted premises (and not a function centre hired from another) with strict adherence to safe management measures. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by the later of September 30, 2020 or six months after their day of death. Mortgage charges The last tax year started on 6 April 2019 and ended on 5 April 2020. Instead of the normal April 30 deadline for the 2020 tax season, Canadians now have until June 1, 2020 to submit their income tax return to the CRA. Applies to non-resident taxpayers electing under section 217 who would otherwise have a filing deadline of June 30, 2020. The key update is to clarify that issuers (and the issuers' service provider(s), if any) that are permitted to operate will no longer need to submit a notification to the Ministry of Trade and Industry for a time-limited exemption to have temporary operations in the same physical location for the purpose of holding a general meeting. The later of September 30, 2020 or six months after their day of death. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. For companies who have shortened their accounting period, the filing deadline … However, recognizing the difficult circumstances faced by Canadians, the CRA will not charge late-filing penalties where a 2019 individual return or a 2019 or 2020 corporation, or trust return is filed late as long as it is filed by September 30, 2020. Further announcements will be made when the extension comes into effect. The amendment Order clarifies the manner in which a notice should be sent by electronic means for non-listed companies, variable capital companies, trustee-managers of registered business trusts, trustees/managers of unit trusts, and issuers/trustees of registered debentures. On 13 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) was issued. Applies to partnerships that normally have a filing deadline on May 31, or in June, July, or August 2020. A transitional arrangement is also provided for any meeting convened, held, conducted or deferred during a period of 30 days after the end of the Control Period, where the notice of the meeting was given during the Control Period. Issuers and non-listed companies may continue to conduct their general meetings held on or before 30 June 2021 via electronic means, and are encouraged to do so. Businesses impacted by coronavirus can request an extension of the due date for filing and payment of their February 2020 sales tax return due March 20, 2020, for 30 days. In some cases, they have extended the due dates for current and prior tax payments and form filings. The CRA will also waive arrears interest on existing tax debts related to individual, corporation, and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for Goods and Services Tax/Harmonized Sales Tax (GST/HST) returns. For more information, please click here to view the announcement by the Ministry of Law. Applies to balances due on or after March 18, 2020, and before September 30, 2020. You will not be charged late-filing penalties or interest if your 2019 individual (T1) income tax returns are filed and payments are made prior to September 1, 2020. Applies to trusts that would otherwise have a filing due date on May 31, or in June, July, or August 2020. New extended tax return filing deadlines have recently been announced by the CRA, Revenu Quebec and Alberta Tax and Revenue Administration (TRA). These amendments extend the Order to 30 June 2021 and refine the Order to facilitate greater convenience and engagement for virtual meetings. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. The deadline to pay off any outstanding balances interest-free will also be extended to August 31, 2020. Revenue has agreed to further extend the filing deadline for the 2019 ESS1 - Return of Information by the Trustee of an Approved Profit Sharing Scheme to 31 October 2020. People who file their tax returns late will not be fined if they have been hit by the coronavirus under new rules that will benefit millions of workers. Companies are reminded to hold their AGM and file their AR by the extended due dates, to avoid incurring penalties. ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due on May 31, or in June, July, or August 2020. The CRA is seeking T1 returns by June 15, 2020 for sole proprietors in order to ensure accurate federal and provincial benefits payments. Interest will not be applied if payments are made by September 30, 2020. Extended Tax Filing Deadlines. There is no need … On 14 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 was issued. Applies to non-resident corporations electing under section 216(4) that would otherwise have a filing deadline after March 18 and before May 31, 2020. The alternative arrangements apply to meetings convened, held, conducted or deferred during the Control Period. Applies to partnerships that would normally have a filing deadline after March 31 and before May 31, 2020. The Internal Revenue Service and the Treasury Department have started delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year. ACRA will also not impose any penalties on listed and non-listed companies whose The Order prescribes the alternative arrangements for the conduct of general meetings of companies, variable capital companies, unit holders of registered business trusts, unit holders of unit trusts and holders of debentures. This extension also applies to forms T106 and T1135, and any elections, forms and schedules that must be filed with the return. Applies to balances and instalments due on or after March 18 and before September 30, 2020. If you have already submitted a request to change your return by mail that has not been processed yet, you may be able to submit it again electronically. There is no need for these companies to apply for the extension of time. While this measure for existing tax debts does not cancel penalties and interest already assessed on a taxpayer’s account prior to this period, it will ensure that a taxpayer’s existing tax debt will not grow through interest charges during this difficult time. If we’re unable to assess your 2019 return by early September 2020, your estimated benefits and/or credits will stop in October 2020 and you’ll have to repay the estimated amounts that were issued to you starting in July 2020. Learn how your state may change its tax payment and filing deadlines due to COVID-19. In light of the COVID-19 outbreak, Corporations Canada is extending the annual return filing periods for federally incorporated businesses, not-for-profit organizations and cooperatives whose annual returns are normally due during this time. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. New annual return deadlines Note that the CRA does not administer Quebec tax, nor Alberta corporate tax. In light of the COVID-19 situation, ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. Coronavirus: Extension of deadline for the filing and publication of accounts 26 June 2020. Applies to trusts that would otherwise have a filing due date after March 30 and before May 31, 2020. 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