What are the due dates for payment of duties and taxes?
Income Taxes
Taxes payable in installments (Provisional assessed tax) are paid on quarterly basis e.g. in case of taxpayers whose accounting periods ends on 31st December the installments shall be due by the end of March, June, September and December.
Withholding taxes are payable within seven (7) days after the end of calendar month to which the taxes relate.
PAYE is payable within seven (7) days after the end of calendar month to which the taxes relate.
Jeopardy assessed tax is payable on the date specified on the notice of assessment.
Adjusted assessed tax is payable within 30 days from the date of service of the assessment.
Digital tax is payable on or before 20th days after the end of calendar month to which the taxes relate.
Final return of Income shall be filled and paid (where applicable) within six (6) months after the end of the year of income to which the final return relates.
SDL
SDL is payable within seven (7) days after the end of calendar month to which the taxes relate.
Excise duty
Excise duty is payable within Twenty Five days (25th) days after the end of calendar month to which the taxes relate.
Value Added Tax (VAT)
VAT is due and payable on or before 20th day of the month following the month of the business to which the return relates. A taxpayer is required to submit return whether or not that person has a net amount of value added tax payable for that period.
Extension of Time to Pay Tax
A taxpayer may, in writing, apply to the Commissioner General for an extension of time to pay tax under a tax law. The Commissioner General may, upon the receipt of the application and where good cause is shown, extend the date on which tax or part of tax shall be paid.
The Commissioner General shall serve the applicant with written notice of the decision on the application. Where an extension is granted by permitting the taxpayer to pay tax by instalments and the taxpayer has defaulted in paying any of the instalments, the whole balance of the tax outstanding plus the interest shall become payable immediately.
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