Advance Payment System (APS)

Companies need to file APS statements and pay tax accordingly for any quarter ended in August 2020, and up to quarter ended in March 2021 by 28 June 2021.

Companies – operating in the tourism industry and having opted to pay tax under APS in two equal instalments, for quarters ended in October 2019 and up to September 2020 – need to pay the second instalment of tax under APS by 28 June 2021.

The first instalment was payable on or before 29 December 2020.

Corporate Tax

Companies – operating in the tourism industry and having opted to pay corporate tax in two equal instalments, for accounting periods ended in September 2019 and up to June 2020 – need to pay the second instalment of corporate tax by 28 June 2021.

The first instalment was payable on or before 29 December 2020.

Companies whose accounting period ends in December 2020 are also required to submit their annual income tax return and effect payment of tax, if any, by 28 June 2021.

Returns and Payment of tax due in May 2021

All taxpayers and employers need to file their returns and pay tax, if any, that were due in the month of May 2021 by 28 June 2021.

Tax Arrears Settlement Scheme (TASS)

The deadline to make an application to the MRA to join the TASS is 30 June 2021 for taxpayers having tax arrears, outstanding as at 31 October 2020, under an assessment issued or a return submitted on or before 31 October 2020, under the Income Tax Act, the VAT Act and the Gambling Regulatory Authority Act.

Learn more about TASS here.

VAT Return and Payment of VAT for the month of February 2021

Small and Medium Enterprises (SMEs), with turnover not exceeding Rs 50 million, need to submit their VAT return – for the month of February 2021 and that was due on 31 March 2021 – and pay VAT accordingly by 15 July 2021.

Download the communique from the MRA here.