When a corporation should file its income tax return
For corporations, tax years are distinct from those for people. Your corporation’s fiscal season finishes after the tax year, which means you must submit and pay corporate income tax at that time. As it is mentioned, you can file your corporate income tax up to the end day of the six months after the end day of the tax year.
Generally, you should find out your net profit and loss within three months after the completion of the tax year so that you can easily file a tax return.
To avoid fines, you must also submit your return within the deadline. An additional percentage of your unpaid tax may be required as a penalty if you file your return late. These penalties can pile up rapidly.
It would be best if you saved some money that could contribute to you paying taxes later, so always keep money on hand. If you didn’t file your return by the due date, you must do it no later than three years following the end of the tax year if you want to get your refund.