Taxpayers need to file or amend their tax declarations and remit pending amounts of tax by the extended due date of 30 September 2020.
The General Authority for Zakat and Tax (GAZT) extended the waiver of penalties for all tax filings and payments until 30 September 2020 in an effort to mitigate the impact of the coronavirus (COVID-19) pandemic on the economic activities of businesses. This extension applies for the waiver of penalties for Zakat, income tax, withholding tax, value added tax, and excise tax, which originally ran from 18 March 2020 until 30 June 2020. Read TaxNewsFlash
The extension also waives penalties in instances of late registration to the GAZT system if the taxpayer registers, submits, and pays all dues by the new deadline.
GAZT also announced that taxpayers can request approval of installment plans in instances when taxpayers are unable to pay their amounts due by 30 September 2020. Penalties will be waived for past due amounts until 30 September 2020 but will resume on 1 October 2020.
For more information, contact KPMG’s Global Head of International Tax:
Rodney Lawrence | +1 (312) 665 5137 | firstname.lastname@example.org
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