Deadline for VAT payments extended to 30 April

The payment deadlines for Value Added Tax (VAT) calculated for February and March, due on 20 March and 20 April respectively, have been extended until 30 April, the Inland Revenue Department said yesterday.

As such, penalties on delayed payments that are usually imposed when payments are not made by the given deadline will not be applicable for these months, it said in the statement.

This is part of the measures put in place by the Inland Revenue Department, taking the current situation caused by the COVID-19 outbreak into consideration.

These include the extension of the validity period of any certificates of registration issued for temporary VAT that will expire before 30 April. All such certificates will be valid until 30 April. In addition to this, VAT reports for February due on 31 March can be submitted to the Inland Revenue Department via their website.

Individuals unable to submit the VAT report in person or online by 31 March will be given an extension of the deadline until 30 April.