If a company cannot pay corporate income tax in time, an entrepreneur can apply for a tax-filing extension via the Tax Administration website
. A special form should be filled out between 1 April and 1 June of the year following the taxable year. An alternative is to download this PDF form
, print, fill and sign the document and send it to the Tax Office via post. A company can apply for an extension until 1 November. In the event that five months is not enough, a company can request another prolongation given the significant reason for it.
There are quite heavy fines for late tax payments. If a company submits the CIT return too late, it’ll be fined € 2,757. In the case of the second delay, it’ll be fined € 5,514.