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.