Tax Flash: No paper based return effective 15 March 2020
No paper based return effective 15 March 2020
No paper based returns to be accepted by the Tax Authority, effective 15 March 2020
The Income Tax Law as amended in February 2017, read with the Executive Regulations (ERs), requires all taxpayers to submit their tax returns electronically on the taxpayer’s portal. This is available on the Tax Authority website. However, in practice, the Tax Authority was previously also accepting tax returns in paper format.
On 10 March 2020, the Tax Authority issued an official notice emphasising that all taxpayers are required to submit tax returns electronically within the prescribed timelines on the tax portal. It explicitly mentioned that tax returns in paper format will not be accepted by the Tax Authority with effect from 15 March 2020. Non-compliance will attract penalties and fines as already stipulated in the Income Tax Law.
KPMG Lower Gulf would be pleased to assist taxpayers who are yet to obtain login credentials from the Tax Authority, and assist with timely electronic submission of tax returns.
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