Excise Tax returns in UAE can be submitted by May 17

The FTA has sought to ease tax burdens for registrants

  
Taxes Word on Wood Block on Top of Coins Stack. Business and Finance Concept - Coin, Currency, Financial Item, Graph, Image used for illustrative purpose

Taxes Word on Wood Block on Top of Coins Stack. Business and Finance Concept - Coin, Currency, Financial Item, Graph, Image used for illustrative purpose

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The UAE's Federal Tax Authority (FTA) has extended the Excise Tax return submission deadline for March and April 2020 to May 17, 2020, to help businesses impacted by Covid-19 and lockdown in the country.

The FTA "has decided to extend the tax period for businesses registered for Excise Tax, which commenced on March 1, 2020 for one month on an exceptional basis, to end on April 30, 2020. The tax period shall now cover the months of March 2020 and April 2020, allowing registered businesses sufficient time to fulfill their tax obligations before the deadline," it said in a notice released on Monday. It advised businesses to file two separate tax returns for March and April till the new deadline.

"The Authority appreciates the urgent and exceptional nature of these developments, which have coincided with deadlines for filing Excise Tax returns. The FTA has sought to ease tax burdens for registrants in these circumstances to allow them to fulfil their obligations, file their tax returns, and settle their payable taxes within the legal timeframes," it said in a notice sent to its clients on Monday. In addition to FTA, other government entities have also announced measures to support private sector overcome coronavirus challenges. - waheedabbas@khaleejtimes.com

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