If the 2019 tax return is not assessed in time, benefits and/â¦ Applies to trusts that would otherwise have a filing due date on May 31, or in June, July, or August 2020. The transitional arrangement will not apply to meetings that are further adjourned after the Control Period. There is no need for these companies to apply for the extension of time with ACRA. The CRA encourages everyone to file their income tax returns as soon as possible, even though payment deadlines are being extended. On 14 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 was issued. Further announcements will be made when the extension comes into effect. Please click on the following links for more information: Amendments to the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts and Debenture Holders) Order 2020 came into force on 29 September 2020. Filing Annual Returns Revised Penalty Framework for Annual Lodgments to take effect from 30 Apr 2021 With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. Note that the CRA does not administer Quebec tax, nor Alberta corporate tax. 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. The media release does not specifically address other matters such as deadlines for filing objections and appeals. With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. The blanket relief provides a 60-day extension for periodic filings normally required to be made between June 2, 2020 and September 30, 2020 by registrants and, in Ontario, unregistered capital markets participants that rely upon certain registration exemptions. Revenue has agreed to further extend the filing deadline for the 2019 ESS1 - Return of Information by the Trustee of an Approved Profit Sharing Scheme to 31 October 2020. 3. The later of June 1, 2020 or six months after their day of death. This also applies to the June 15 and September 15, 2020, instalment payments for those who have to pay by instalments. These amendments extend the Order to 30 June 2021 and refine the Order to facilitate greater convenience and engagement for virtual meetings. For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 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. The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. If we’re unable to assess your 2019 return by early September 2020, your estimated benefits and/or credits will stop in October 2020 and you’ll have to repay the estimated amounts that were issued to you starting in July 2020. 2. Should issuers and non-listed companies, after due consideration of public health and other risks, wish to provide for physical attendance at their general meetings, they must ensure that they implement all relevant measures to comply with the safe management measures imposed by the Singapore Government. Applies to partnerships that normally have a filing deadline on May 31, or in June, July, or August 2020. Some taxpayers may have received a Notice of Assessment that says the deadline for payment is April 30, 2020 or September 1, 2020, which is now incorrect. Learn how your state may change its tax payment and filing deadlines due to COVID-19.