By Bernd Debusmann Jr
The move is valid for the tax period ending March 31
The UAE’s Federal Tax Authority (FTA) has given an alternative date – ‘on an exceptional basis’ – of May 28 for businesses to file their VAT returns and pay any due tax in light of restrictions imposed to combat the spread of Covi-19, authorities have announced.
The move is valid for the tax period beginning on March 1 and ending March 31.
In a statement, the FTA said that VAT registrants who have monthly tax periods must submit their returns and settle their payable tax no later than Thursday, May 28.
VAT registrants with quarterly tax periods must still submit their returns and settle payable taxes for the period from January 1 to March 31 on the same date.
No other tax periods are affected by the measure, the FTA statement said.
The FTA is urging registrants to ensure that the data they include in VAT returns is accurate.
All FTA services can be accessed remotely.