Friday May 14th 2021
Delivery in October?
Longer deadline for tax returns planned
The pandemic not only complicates everyday things like visiting the hairdresser or meeting friends. Corona also brings new challenges with more complicated matters such as tax returns. According to a report, the GroKo wants to take this into account.
According to a report, the government groups want to extend the deadline for filing the 2020 tax return due to the corona crisis. This emerged from a joint application by the Union and the SPD, reported the “Handelsblatt”. Taxpayers should therefore now have to submit their tax return by October 31, 2021.
Anyone who uses the help of a tax advisor must actually submit the declaration for 2020 to the tax office by the end of February 2022 at the latest. However, tax consultants are currently overburdened as they support their clients with applications for corona aid. Therefore, according to the “Handelsblatt”, the coalition wants to extend this deadline by three months to May 31, 2022.
For taxpayers who do not use a tax advisor, the application by the Union and SPD will also “extend the deadline for the taxation period 2020, which generally ends at the end of July 2021, by three months,” the newspaper reports. According to the report, instead of July 31, they should now have to submit their declaration by October 31.
Exceptions for 2019
“The corona pandemic continues to present members of the tax advisory professions in a special way with additional requirements”, according to the “Handelsblatt”, the reason for the application. But taxpayers who do not use a tax advisor for their tax return are also “burdened by the corona pandemic”.
Therefore, the exemptions already made in February for 2019 should be extended to 2020, “but now with three instead of six months extension of the declaration period and the interest-free waiting period,” says the application. Therefore, foresters and farmers are exempt from the regulation.
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