5th October 2009

Income Tax Amnesty Scheme – Extension of deadlines

Following the introduction of the income tax amnesty scheme on the 4th September 2009, two important extensions have been granted, namely:

1. Pending income tax returns for any of the years of assessment 2002 to 2008 which were due to be submitted by the 16th November 2009 are now to be submitted by the 16th December 2009.
2. In order to alleviate the burden which such a scheme might have imposed on tax practitioners, the deadline for the submission of the year of assessment 2009 income tax return for those companies with a 30th September tax return date (i.e. those companies having a 31st December year-end) is being extended from the 21st November 2009 to 21st January 2010.

The extension mentioned in (1) above does not apply to manual income tax returns with the deadline for the submission of manual income tax returns remaining the 16th November 2009. Furthermore, where the 16th December 2009 extension for company electronic filing for the years of assessment 2002 to 2008 is availed of, the manual income tax returns for the years of assessment 1999 to 2001 are still to be submitted by the 16th November 2009.