Advance payment of income tax is already payable on September 15 (No. 943)
On 15 September 2020, both natural and legal persons are obliged to pay a quarterly advance on income tax, if the obligation to make this payment resulted from their income tax return (last known tax liability of more than CZK 150,000).
Based on the decision of the Minister of Finance, the obligation to pay the advance due on 15 June 2020 was waived. Unfortunately, this “pardon” no longer applies to the September advance; therefore, it is necessary to pay it in due time, i.e. its amount must be credited to the tax administration account on 15 September 2020 at the latest.
However, it is possible to ask the tax office to assess a different amount of the advance, or to request its complete cancellation. This may be legitimate in particular in the event of an economic decline as the result of COVID-19 pandemic or other events, thus reducing the expected tax for 2020.