Upcoming tax deadlines – be prepared!
The income tax (Form 11) deadline for 2020 is 31 October 2021 (Online filings – 17 November). This deadline covers Form 11 2020 filing and payments of income tax for 2020 and preliminary income tax for 2021. Income tax returns must be completed by self-employed individuals and those with income including rent, foreign source, investment and maintenance payments.
Capital Gains Tax (‘CGT’) on disposals from 1 January to 30 November 2021 is due by 15 December 2021. CGT on disposals from 1 December to 31 December 2021 is due by 31 January 2022. A return must be filed before 31 October in the year following the tax year of disposal i.e. by 31 October 2021 for 2020 disposals.
Capital Acquisitions Tax (‘CAT’) returns and payments are due by 31 October 2021 for gifts/inheritances falling between 1 January 2021 and 31 August 2021. Benefits falling within 1 September 2021 and 31 December 2021 must be returned by 31 October 2022.
