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acra filing deadline covid

(Don’t include any personal information. 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. September 30, 2020 Further extended as of July 27. Details of the Extension of Time (EOT) for Holding AGM and Filing AR. There is no need for these companies to apply for the extension of time. 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). For companies whose filing deadline falls between 27 June 2020 and 5 April 2021 (inclusive) and who have not shortened their accounting period, the Regulations extend their filing deadline by 3 months. 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. 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. 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. Applies to trusts that would otherwise have a filing due date on May 31, or in June, July, or August 2020. 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. 3. 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. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. The alternative arrangements apply to meetings convened, held, conducted or deferred during the Control Period. The filing deadline for all 2019 share scheme returns is being extended from 31 March 2020 to 30 June 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. 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. For more information, please click here to view the announcement by the Ministry of Law. 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. 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. Maximum 300 characters, Self-employed and their spouse or common law partner – Deadlines, Information returns, elections, designations and information requests – Deadlines, Changes to taxes and benefits: CRA and COVID-19, Penalties and interest relief for extended deadlines, Processing delays for individual income tax paper returns - file online instead, The CRA will also waive arrears interest on existing tax debts. It is only the return filing deadlines that have been extended. This checklist incorporates the alternative arrangements prescribed in the Order as well as other alternative practices that issuers and non-listed companies should adopt given the inability of members to attend meetings in person. Applies to non-resident taxpayers electing under section 217 who would otherwise have a filing deadline of June 30, 2020. Although Oct. 15 is the last day for most people to file, some may have more time. 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. 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. The refinements to the Order are as follows: The Ministry of Law intends to extend the duration of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the “Order”), to 30 June 2021. 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. Applies to partnerships that would normally have a filing deadline after March 31 and before May 31, 2020. COVID-19: Payment deadline extension. During the coronavirus pandemic the charity sector will face challenges of looking after its staff, volunteers and trustees who may fall ill, have to self-isolate, or have to look after loved ones. Latest Updates on Coronavirus Tax Relief. Extended Tax Filing Deadlines. The CRA is seeking T1 returns by June 15, 2020 for sole proprietors in order to ensure accurate federal and provincial benefits payments. Applies to balances due on or after March 18, 2020, and before September 30, 2020. Unchanged. Applies to partnerships that normally have a filing deadline on May 31, or in June, July, or August 2020. There is no need for these companies to apply for the extension of time with ACRA. Applies to partnerships that would normally have a March 31 filing deadline. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. This also applies to the Part XIII remittance requirement associated with income paid or payable to non-resident beneficiaries. For more details, please click here. 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. 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. Download the press release (PDF, 100KB) for more details. 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. 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. Tax payment deadlines have not been extended. Mortgage charges 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 CRA encourages everyone to file their income tax returns as soon as possible, even though payment deadlines are being extended. ... 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 … 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. It is important that tax returns are filed by their due date however, where this is not possible, the URA has provided for an extension of time within which to file the respective tax returns. Unchanged. 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. The CRA is seeking tax returns from individuals by June 1, 2020 in order to ensure accurate federal and provincial benefits payments. 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. 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. New annual return deadlines See Payroll page for filing deadlines. 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 … 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. 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. 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. September 30, 2020 Extended as of July 27. 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. Here are the details on the extension of various tax compliance deadlines. ACRA, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated the checklist to guide issuers and non-listed entities on the conduct of general meetings arising from the latest updates from the Multi-Ministry Taskforce to ease safe management measures to facilitate business operations. ACRA will also not impose any penalties on listed and non-listed companies whose The later of September 30, 2020 or six months after their day of death. Applies to income tax balances and instalments due on or after March 18 and before September 30, 2020. The later of September 30, 2020 or six months after their day of death. 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 corporations that would otherwise have a filing deadline after March 18 and before May 31, 2020. 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. 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. Applies to trusts that would otherwise have a filing due date after March 30 and before May 31, 2020. 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. 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. The checklist is also applicable to VCCs and non-listed unit trusts, with the necessary modifications. Coronavirus: Extension of deadline for the filing and publication of accounts 26 June 2020. 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. Under these extensions, certain trusts and corporations with tax returns otherwise due in June, July or August 2020, may now file those returns by September 1, 2020. This will help keep physical interactions and COVID-19 transmission risks to a minimum, which remain important in the long-term, even as safe distancing regulations are gradually and cautiously relaxed. Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. When granted, businesses will be able to file and pay no later than April 20, 2020 with a waiver of any penalties and interest. The transitional arrangement will not apply to meetings that are further adjourned after the Control Period. The COVID-19 pandemic has hit everyone hard especially when it came to personal finances and salaries. 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. There is no change to the current penalty framework for other ad hoc filings. September 30, 2020 Further extended as of July 27. 3) Order 2020 (002), COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) (13 Apr 2020), COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 (14 April 2020), Additional Guidance on the Conduct of General Meetings During Safe Management Period (updated on 22 Jun 2020), Ministry of Law and Ministry of Finance joint media statement (31 Mar 2020), ACRA-MAS-SGX RegCo updated Guidance on general meetings (31 Mar 2020), Financial Reporting Practice Guidance 1 of 2020, Audit Practice Bulletin No 1 of 2020: Key audit consideration - COVID-19, ISCA’s COVID-19 Navigator – A Guide for Singapore Chartered Accountants, MTI’s information for businesses on the temporary suspension of activities due to tightened safe distancing measures. By extending the deadlines for federal returns and instalments, the CRA is also extending the deadlines for provincial/territorial individual, trust, and corporate returns and instalments. There is no need for these companies to apply for the extension of time with ACRA. 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 last tax year started on 6 April 2019 and ended on 5 April 2020. 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. This will provide companies, variable capital companies, unit holders of registered business trusts, unit holders of unit trusts and holders of debentures, with greater legal certainty to plan their meetings, and the option to hold virtual meetings to minimise physical interactions, amid the continuing COVID-19 situation. 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. Issuers must also continue to make available the option for shareholders to participate in their general meetings via electronic means. Note that the CRA does not administer Quebec tax, nor Alberta corporate tax. Applies to trusts with a tax year end date of December 31, 2019. The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. Of July 27 partnerships that would otherwise have a filing deadline on May 31, 2020 six... 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