What are the penalties for late filing of your tax return?

If your declaration is compulsory, you may be fined for late filing, but your declaration will be processed by the tax authorities. The amount of the fine is at the discretion of the tax authorities.

If your tax return is not compulsory and you file it after the deadline, then the refund to which you are entitled may be refused and your return will certainly not be processed by the tax authorities.

Updated on: 26/07/2024