The present 24-hour limitations on the movement restriction in specific territories Due to COVID 19 the FTA issued a notice on the extension of cutoff times for filing VAT returns, giving an elective date of May 28 for submitting VAT returns and the installment of due duty for the assessment time frame finished March 31, 2020.
FTA affirmed that, according to the order, VAT registrants who have monthly tax periods should submit their VAT returns within May 28th, 2020. VAT registrants having quarterly expense periods must present their VAT filing and settle the payable tax for the tax period from January 1 to March 31, 2020, by Thursday, May 28, 2020.
VAT registrants having quarterly expense periods must present their VAT filing and settle the payable tax for the tax period from January 1 to March 31, 2020, by Thursday, May 28, 2020
The FTA encouraged VAT registrants to guarantee the information they include for their VAT returns is precise, and furthermore that the FTA gets the payable tax for the tax period ending March 31, 2020, by May 28.
