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Oops, I did it again! I left my tax return to the very last minute…

20th Mar 2017

They say, only 2 things are certain: death and taxes. Even though everyone knows the deadline for filing income tax returns is April 3rd, nearly a half of taxpayers still wait until the last minute to do anything about it. Call it procrastination, lack of time or missing accountant, at the end, it´s you who is held responsible. And – being late with taxes really hurts.

Don´t panic, but here are some facts: the late filing penalty is 0.05 % per day on taxes owed. In case you´ve “suffered” from a loss, be careful, because your penalty is calculated as 0,01 % per day on the tax loss.

Extend the time to file your taxes until July

You can file a tax extension using services of certified tax advisors. In such case, you do not have to explain in your request why you are seeking one. The only requirement is that you grant power of attorney to a tax advisor and file it no later than midnight on April 3r.

Enjoy the benefits of tax filing extention

If you’re worried that you can’t get your tax return done and properly filed on time or pay what you owe, you can enjoy some of the benefits of extention you will get:

  • 3 extra months to finish up your tax return.
  • 3 extra months to pay your income tax.
  • Up to 6 months for self-employed persons (OSVČ) to fund a retirement/social and medical plan.
  • Reduction of late filing penalties.

How to apply for tax filing extention?

If you think there is no way to work out your taxes on time, e.g. till April 3rd 2017, this service might be a win. Apply online, in just 10 minutes, with the certified tax advisor here.

It only takes a little to get an extra 3 months of extra peace-of-mind.