Block Extension Scheme for Lodgement of 2024/25 Tax
RETURNS Extended Due Date for ‘M’ Code Returns
Recognising the genuine difficulties being experienced by businesses and practitioners in their operations, the Inland Revenue Department has decided to extend the due date for filing 2024/25 Profits Tax returns with Accounting Date Code ‘M’ (i.e. accounting date falling within 1 January 2025 to 31 March 2025) from 17 November 2025 to 2 December 2025. Despite this extension, tax representatives are encouraged to file as many returns as possible well before the extended due date.
The Commissioner of Inland Revenue issued a Circular Letter on March 19, 2025, to all tax representatives, announcing the arrangements for Block Extension Scheme for lodgement of 2024/25 tax returns. Tax representatives are required to submit their applications for block extension and any updates to their clients’ information to the Inland Revenue Department (IRD) according to the methods specified in the circular.
Tax representatives who have registered with the IRD to apply for batch extensions electronically can log in to the tax representative website account, select ” Block Extension Scheme for Lodgement of Tax Returns for the Current Year by Tax Representatives” and submit their application and notifications. The IRD strongly encourages tax representatives to use this electronic submission facility.
