Deadline for filing and paying profit tax 2018 is June 3, 2019

Provisional profit tax return form 2018

If it is not feasible to submit the final profit tax statement 2018 on  June 3, 2019 and make the corresponding payment, customers can instead submit a provisional profit tax declaration 2018 instead. In this case, the income tax due must also be paid in accordance with this declaration. The deadline for submitting the provisional tax return and paying the income tax is June 3. 2019. Only if submit the provisional income tax return and pay the income tax, will the deadline for submitting the final profit tax return 2018 be extended by 6 months.

Additional tax

If you do not submit and pay the tax return form or the provisional tax return form (according to the tax return form), you can receive a supplementary tax assessment with a fine. This is also the case if a customer pays an amount that is less than what is stated on the tax return form. The default penalty for non-submission of the tax return form is a maximum of Awg. 2,500. If no profit tax is paid or an incorrect declaration is filed, the fine can increase to Awg. 10,000.00