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VAT Refund Update

VAT Refund Update

Effective 1 February 2021 the Ministry of Finance intends to expedite the pay-outs of undisputed Value Added Tax (VAT) refunds, to within three months following the receipt of a credit VAT return.

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ITAS Update

ITAS Update

Taxpayers can rest easier at night as the Ministry of Finance announced an electronic filing Tax Relief Programme for outstanding taxes yesterday.

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Reminder: Notification to Taxpayers and Public

Reminder: Notification to Taxpayers and Public

As announced in July this year, taxpayers will no longer be required to submit import value-added tax returns. ITAS has introduced a function which populates your import VAT return based on what is on the Asycuda (Automated Systems for Customs Data) system.
The system automatically submits and assesses your return on the 1st of the month following the import.

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