Postponement of tax deadlines to June 30th 2020

Written on 20 Apr 2020

For March and April, the Government had implemented several tax measures such as the tax deferral of direct taxes. In a press release published on April 17th, the French Tax Authorities announced the postponement of the tax deadlines from May to June 30th 2020. However, it encourages companies that are in position to do so to fulfil their reporting and payment obligations in accordance with the initial schedule.

The new schedule of tax deadlines is defined as follows:

(i) Corporate income tax and tax returns

  • Balance of CIT due for 2019 - Balance statement (n°2572) and payment: May 15th deadline is extended to June 30th 2020 at the latest
  • Tax returns for 2019:
    • Companies liable for CIT: May 20th deadline is extended to June 30th 2020
    • Companies liable for personal income tax: May 20th deadline is extended to June 30th 2020
    • Associations (n°2070): May 5th deadline is extended to June 30th 2020
    • Real estate companies (n°2071): May 5th deadline is extended to June 30th 2020
    • Real estate companies (n°2072): May 20th deadline is extended to June 30th 2020
    • Scope of tax consolidated group: the deadline is extended to June 30th 2020

(ii) Personal income tax

The personal income tax return for 2019 must be filled by June 30th 2020 at the latest (if electronic returns).

(iii) Contribution on the added value of companies (‘CVAE’)

  • Balance for 2019
    • Declaration n°1329-DEF: deadlines are May 5th 2020 for creditor companies and June 30th 2020 at the latest for debtor companies.
    • Payment: due by June 30th 2020 at the latest

 

  • Allocation 2019 – Declaration n°1330: May 20th deadline is extended to June 30th 2020

Also, companies in financial difficulty may request the business tax department (‘Service des Impôts des Entreprises’) to which they relate to postpone the payment of the May tax deadlines.

Lastly, large companies (with more than 5,000 employees or turnover in excess of 1.5 billion euros) may request a postponement of the payment deadlines provided that they do not pay out dividends in 2020 to their shareholders in France or abroad or repurchase shares in 2020.

Topics