Late corporate tax filings trigger notification of ex-officio assessment: mind and manage the adverse tax consequences

Corporate Income Tax Return

30 June 2020

The resident and non-resident corporate income tax return forms for Assessment Year 2020 have been published by the tax authorities

The BizTax e-filing platform would become available by 7 July 2020. It’s no surprise that in total an additional page was required to embed all the necessary entries and related disclosures for new measures entering into force, amongst others: interest limitation rule (“3 MIO/30% EBITDA rule”), group contribution(“Tax consolidation”), Controlled Foreign Corporations (“CFC rules”) and