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Extension Granted for Filing of VAT Returns with FTA
The Federal Tax Authority (FTA) has issued a directive extending the filing date for their VAT Return for the Tax Period ending 31 March 2020, from 28 April 2020 till 28 May 2020. The payment of the VAT due for this Tax Period will also only be payable on 28 May 2020. This extension should provide an extended period for Taxable Persons to collect payments for Tax Invoices due to them to allow them to meet their VAT obligations to the FTA.
The FTA further announced that the extension will also apply to Taxable Persons that lodge monthly VAT Returns and that the VAT Return and payment of the VAT due for the Tax Period from 1 March 2020 till 31 March 2020 will also only be due on 28 May 2020.The abovementioned directive from the FTA will only pertain to VAT Returns for the Tax Periods that ended on 31 March 2020, and does not affect any other Tax Periods where the deadline for filing Tax Returns and settling of payable taxes does not fall in April 2020.
Authored byHead of Indirect Tax and Conveyancing,John Peacock
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