Due Date

The Due Date in Galvix refers to the final date by which a tax return must be filed and the payment must be made to the respective tax authority. This date is set by the jurisdiction and varies depending on the filing frequency and tax regulations. Filing and paying taxes after the due date may result in:

• Late Fees & Interest: Missing the deadline can result in penalties and accrued interest.
• Loss of Compliance Benefits: Some jurisdictions offer discounts for timely filings, which may be forfeited if the due date is missed.
• Potential Tax Liabilities: Unfiled or late-filed returns could lead to audits or compliance risks.