VAT tax return submission deadline extended

Those who have not yet submitted VAT returns due 15 December 2011 are being given a final deadline on 31 December 2011 to submit their returns and benefit from the scheme proposed in the 2012 Budget to regularise position with a reduction in the amount of fines and accumulated interest.

Registered persons who have to send the VAT return due on 15 December 2011, or who have sent the return without payment, or with payment shortages are being given another final opportunity to participate and benefit from the scheme.

This being done so registered persons will remain eligible for the scheme.

The Finance Ministry said Legal Notice 456 of 2011 published 14 November 2011 which provides the regulations to implement the cancellation scheme which was announcing in the 2012 Budget speech will be amended accordingly.