It stated that the extension is a one-off gesture by the service for only the 2022 year of assessment on CIT returns and that companies who filed within this period of extension“The relevant Company Income Tax returns shall, therefore, not attract late filing penalty or interest for late payment if submitted to the service on or before 31st August 2022.
“Where relevant Company Income Tax returns are not filed by the extended date, penalty and interest for late payment shall be computed from the original due date and not the extended date,” the release read.Nami however explained that the extension only applies to the filing of company income tax returns but does not extend to other taxes.
“This extension of filing date is only for CIT and does not include returns for withholding tax, value added tax, personal income tax , etcetera.”The service called on the relevant taxpayers to take the opportunity of this extension to submit their Companies Income Tax Returns and pay their due taxes within the specified time of extension.
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