Tax Return filing , Payment & Penalties
Tax Return filing & Payment
- VAT return submissions to be made online
- Due date of payment of VAT tax is set at 28days following the end of the return period. In case the return filing date falls on a public holiday or weekend the deadline in that case is extended to following first working day.
- Administrative Penalties: Penalties shall be up to 3 times the amount of tax for which the penalty was levied.
- Tax Evasion Penalties: Up to 5 times the relevant tax at stake and a prison sentence.
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