What are the due dates for payment of duties and taxes?

 

Income Taxes

.    Withholding taxes are payable within seven (7) days after the end of calendar month to which the taxes relate.

.    Taxes payable in installments (Provisional assessed tax) are paid on quarterly basis e.g. in case of taxpayers whose accounting periods        ends on 30th December the installments shall be due by the end of March, June, September and December.

.    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

.    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.

.    PAYE is payable within seven (7) days after the end of calendar month to which the taxes relate.

.    SDL is  payable within seven (7) days after the end of calendar month to which the taxes relate.

.   Excise duty is payable within Twenty five (25th) days after the end of calendar month to which the taxes relate.

.    Digital tax is payable on or before 20th 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.  If the 20th day follows on the Saturday, Sunday or public holiday the return shall be lodged on the first working day following the Saturdays, Sunday or Public day.

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.

Income Tax for Transporters of Goods and Passengers

Tax payable by a resident person engaged in transportation of passengers or goods per year shall be determined in accordance with the rates prescribed below:

 

 

Class A : Passenger Service Vehicles
Number of Passengers	Tax Payable
Up to 15	250,000
16 to 30	650,000
31 to 45	1,100,000
46 to 65	1,600,000
Above 65	2,200,000

 

 

 

 

 

Class B : Tour Service Vehicles
Number of Tourists	Tax Payable
Up to 15	650,000
16 to 25	900,000
26 to 45	1,300,000
46 to 65	1,800,000
Above 65	2,400,000

Class C : Goods Carrying Vehicles
Capacity (Tonnes)	Tax Payable
Less than 1	250,000
1 to 5	500,000
6 to 10	750,000
11 to 15	1,100,000
16 to 20	1,300,000
21 to 25	1,650,000
26 to 30	1,900,000
More than 30	2,200,000

Class D : Private Hire Service Vehicles
Category of Vehicles	Tax Payable
Motor Cycle	65,000
Tricycle	120,000
Taxi	180,000
Ride Hailing	350,000
Ride Sharing	450,000
Special Hire	750,000