Deadline to file the final corporate income tax return 2023

With the introduction of the electronic tax return form, all taxpayers and tax advisors got an extra month to file. The deadline is approaching fast, and it is crucial to comply on time.

Filing the return and making the payment

If you cannot file the final return before July 31, you must file a provisional return and pay the corresponding payment by July 31, 2024, at the latest. The Tax Inspector will evaluate the request, and if the taxpayer meets all conditions for an extension, the last day for filing the final return and making the corresponding payment will be December 2, 2024. Since the Inspector has to evaluate the extension request, it is advisable to file the provisional return now and not wait until July 31. If the Inspector does not honor your request, the taxpayer still has time to file the final return.

BOi account 

Since the tax year 2023, all taxpayers must file the corporate income tax return electronically via the "BO impuesto" portal. All corporate income taxpayers must have a BOi account to log in to the portal and complete the return form. It is important to note that each taxpayer is the principal administrator of their account (taxpayer admin). They have their username and password. To prevent unwanted use of their tax data, taxpayers must never give a third party (a person or advisor) the login details.

If you do not have a BOi account

Taxpayers without a BOi account must immediately submit a request via BOi account. If a company is registered as "dissolved" with the Chamber of Commerce, they must report it to the Tax Department. Companies without commercial activities registered with the Chamber of Commerce must file a corporate income tax return. The company must have a BOi account to access the portal. Non-compliance will result in an unnecessary fine.

Non-compliance 

Taxpayers who fail to file the final return will receive an additional assessment, including a fine. The same applies if taxpayers paid less than what they declared in the corporate income tax. The fine for non-compliance with filing the return is a maximum of Afl. 2,500. If the taxpayer does not pay the corporate income tax or pay correctly, the fine is a maximum of Afl. 10,000.

The Tax Department advises all corporate income taxpayers or their tax advisors not to wait until the last moment to file the return and make the corporate income tax payment to avoid an additional assessment (naheffingsaanslag) and a fine for non-compliance.