President provides relief in the face of Covid-19 on tax payments, based on that Income Tax & VAT payment due date has been extended up to 30 April 2020.
Following questions and implications can be identified based on the above decisions:
Income Tax
- Tax on employment income (PAYE/WHT) for the month of March is due on April 15, 2020 – Applicable
- Income Tax (January – March 2020) due date is May 15, 2020 – Since the due date is anyway May 15, 2020, it is not applicable.
VAT
- VAT Payment for the month of February 2020 was due on March 20, 2020 – is this VAT Payment relief applicable for February month VAT payment?
- Next VAT Payment for the month of March 2020 is due on April 20, 2020 – Applicable
VAT Return
- VAT Return for the month of February 2020 is due on March 31, 2020 – No any extension
