Tax Filing Extension

Consistent with the federal Internal Revenue Service (IRS) Notice 2020-17 extending the time for income tax payments, the Department of Revenue and Taxation (DRT) announced on March 23 that it would also be extending the due date for income tax payments due April 15, 2020, to July 15, 2020. This is an automatic extension, therefore taxpayers do not need to file any additional forms with DRT. For the latest COVID-19 related tax information, visit the Guam DRT’s website here.

On March 18, DRT issued a notice regarding its operations/services in light of Guam’s social isolation mandate.

It is important to note that the situation can change quickly. Calvo Fisher & Jacob’s experienced lawyers are closely monitoring the global threat of COVID-19 in order to provide up-to-date information on this rapidly developing topic.