Manitoba Finance is extending its tax relief measures to provide extra support to businesses, as the province continues to protect Manitobans against the impacts of COVID-19.
Small and medium-sized businesses with retail sale tax (RST) remittances of no more than $10,000 per month are eligible for an interest and penalty-free payment deferral to June 30, 2021. The deferral is for the January, February, March, April and May 2021 return periods. Businesses are also eligible for an interest and penalty-free payment deferral until June 30, 2021, for the March quarterly RST return.
As well, the Health and Post-Secondary Education Tax Levy returns for small and medium-sized businesses with remittances of no more than $10,000 per month are eligible for an interest and penalty free payment deferral to June 30, 2021. The deferral is for the January, February, March, April and May 2021 return periods. The RST and tax levy deferrals are optional and for tax payments only. Businesses must continue to file returns by the required due dates.
The province has also extended the previous interest and penalty-free repayment option set to expire March 31, 2021, until June 30, 2021.
The deferrals recognize Manitoba businesses are facing a challenging economic situation caused by the COVID-19 pandemic and some businesses may need access to these extra funds. The government provided similar relief in 2020, which benefited 20,000 businesses.
Businesses can contact the collections unit at the taxation division to update payment arrangements. Further information regarding filing requirements is available at gov.mb.ca.