Prior to the effective date of the Tax Administration (1 October 2012) it was possible for a vendor furnishing VAT201’s by way of efiling to do so by the last day of the month during which the return was due. The Tax Administration Act changed this principle and now requires that the return must be submitted by the twenty-fifth day of the month. It does not influence the principle that payment of the tax due can still be made within the period ending on the last business day of the month during which that twenty-fifth day falls. It is therefore important to notice that the returns due in October 2012 (in respect of VAT periods ending during September) will have to be submitted by 25 October 2012.
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