Czech Republic COVID-19 Measures Include Deadline Extensions and Loss Relief

The Czech Ministry of Finance has published an overview of tax measures being taken to provide relief in response to COVID-19:

• The deadlines for the annual income tax returns and payment for legal entities and individuals due 1 April 2020 are automatically extended to 1 July 2020, without penalties or interest (for taxpayers following a non-calendar year, extensions may be applied for)
• The advance payments for personal and corporate income tax due 15 June 2020 are waived, i.e., the second a…