VAT Filing Date is Extended In UAE
- April 21, 2020
- Posted by: Dhivya Krishna
- Category: vat
The Federal Tax Authority (FTA) has issued a directive on an exceptional basis providing an alternative date of May 28, 2020 for the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, 2020, enabling taxable persons to meet their tax obligations without facing any difficulties.
This comes in light of its commitment to supporting VAT registrants. Furthermore, the UAE has undertaken unprecedented intensive precautionary measures to curb the spread of the novel Coronavirus. The UAE went as far as imposing 24-hour restrictions on the movement of individuals and vehicles in certain areas. As a result, deadlines for filing VAT Returns needed extensions.
In a press statement issued, the Federal Tax Authority confirmed that, as per the directive, VAT registrants who have monthly tax periods must submit their returns, and settle the payable tax for the tax period from March 1 to March 31, 2020, no later than Thursday, May 28, 2020.Meanwhile, VAT registrants having quarterly tax periods must submit their returns and settle the payable tax for the tax period from January 1 to March 31, 2020, by Thursday, May 28, 2020. The Federal Tax Authority urged VAT registrants to ensure the data they include in their VAT returns is accurate. Also, they must ensure that the FTA receives the payable tax for fiscal year, by Thursday, May 28, 2020.
Contact Person : CA Gopu Rama Naidu CPA FCA.
Email: firstname.lastname@example.org. Phone: +971 455 70204