On 15 September 2026, the Inland Revenue Department issued a routine reminder for Value Added Tax (VAT) registered persons to make payments and furnish returns for the taxable period of August 2026. Under the VAT Act, registered taxpayers must submit a VAT return and pay any net tax liability by the 20th of the following month. The notice reiterates the penalties for late filing and payment.
Key Takeaways
- Filing Deadline: VAT return for August 2026 due by 20 September 2026.
- Payment Methods: Payments can be made via e-Services, bank over-the-counter, or online banking.
- Penalty Regime: Late filing attracts a penalty of Rs. 50,000 or 5% of the tax due, whichever is higher; late payment incurs interest at 1.5% per month.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement