VAT Filing Date is Extended In UAE

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 and the unprecedented intensive precautionary measures undertaken by the UAE to curb the spread of the novel Coronavirus (COVID-19) imposing 24-hour restrictions on the movement of individuals and vehicles implemented in certain areas of the UAE, which coincided with deadlines for filing VAT Returns.

In a press statement issued, the FTA 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 FTA urged VAT registrants to ensure the data they include in their VAT returns is accurate, and to also ensure that the FTA receives the payable tax for the tax period ending March 31, 2020, by Thursday, May 28, 2020.

Contact Person : CA Gopu Rama Naidu CPA FCA.
Email: support@kgrnaudit.com. Phone: +971 455 70204



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