Tuesday, April 23, 2024

Waiver of penalties for late filing of annual returns

Date:

Share post:

The Ministry of Finance, Economic Affairs and Investment has granted an extension of a waiver of the penalties imposed for the late filing of Annual Returns to April 30, 2019.

For domestic companies, the waiver is for the years 2015, 2016, 2017 and 2018. However, the waiver for external companies will apply to the period January 1, 2016 to December 31, 2018.

According to the Ministry, approval of the waiver will be granted on the condition that a company that has benefited from the waiver during the period will not be eligible for consideration again.

In addition, outstanding returns should be filed with the Registrar of Companies no later than April 30, 2019. Failing to comply will result in the waived penalties becoming payable forthwith to the Registrar of Companies.

The Ministry has also advised that after April 30, 2019, there would be strict enforcement of penalties by the Registrar of Companies on companies that fail to regularise their affairs. (BGIS)

Previous article
Next article

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Sunil Narine rules out West Indies comeback for T20 World Cup

Sunil Narine has ruled himself out of a recall to West Indies' squad for the forthcoming T20 World Cup...

Taiwan rattled by 6.1 magnitude earthquake amid numerous tremors

Taiwan was hit with a magnitude 6.1 earthquake in the early hours of Tuesday local time (2:32 p.m....

Trump hush money trial was ‘election fraud pure and simple’, prosecutors say

Donald Trump “orchestrated a criminal scheme to corrupt the 2016 presidential election” by covering up an alleged affair...

Nicki Minaj throws item back into crowd after nearly getting hit by object onstage

Nicki Minaj was left unimpressed after a fan threw an object at her onstage. In a video shared by Pop Crave on...