The Ministry of Finance reported on Friday that the deadline for Operation Income 2021 will be extended. This, in order to support individuals and businesses that have not yet made their income statement, in the context of health restrictions and economic difficulties generated by the Covid-19 pandemic.
“The health crisis has led to a very strong halicking of economic activity, impacting both the people and businesses of our country, especially those of smaller size. We want to facilitate the tax compliance of all taxpayers and this respite will be very relevant to that,” said the head of the tax wallet, Rodrigo Cerda, who stressed that a decree will be issued as soon as possible by adopting this measure, which is part of the context of the extension of a number of other tax measures, which were established in April 2020 , intended to support families and businesses during the pandemic.
The decree provides for an extension within the time limit of the annual income tax return and payment for the tax year 2021 (Form 22), until 31 May 2021, from the original period of 10 May 2021.
This measure is in addition to the recently announced measure empowering the SII to extend the payment of 2021 real estate contribution fees, to:
Natural persons: for the quotas of April (first), June (second), September (third) and November (fourth), in the case of a housing root good with fiscal appraisal up to UF 5,000. These will be paid in four installments, along with those for 2022.
SMEs: first and second installments of 2021, for SMEs with annual incomes up to UF 100 thousand and which, between January and February 2021, have suffered a decline of at least 30% in their operations on average, compared to the same months of the previous year. The payment will be in two installments, along with the fees for the first half of 2022.
The measure avoids double payment of fees during 2021, for extensions granted last year.