Vat e payment

As an entrepreneur, your focus is naturally on your core business. In addition to trading your products, you will of course need to keep an eye on certain tax laws and keep your business in a proper accounting condition. If you are registered for VAT, you have to meet the relevant deadlines for advance Patrick MoellerLast Updated on 23 February 2021 HMRC VAT payment dates When you have to make your VAT payments depends on your accounting or payment method. Here we distinguish between quarterly payment, the annual accounting scheme and payments on account, each of which we will discuss in more detail below. Monthly submission of VAT returns is also possible. All payment methods have their own special features, which you must take into account in your accounting. VAT payment due date: Quarterly payment The traditional method of paying your VAT is based on Please note that you always transfer the amount that is entered on your advance VAT return as the tax liability for the quarter – even if advance payments have already been made and you would therefore still have a credit balance. Any overpayment will be returned to you as a VAT refund, but you are not allowed to deduct it from your tax payments. VAT payment deadline: Annual accounting scheme Traditionally, VAT-registered companies file their advance VAT returns four times a year, as just described. The annual accounting scheme is different. Here, these four advance returns are waived and replaced by one per year. Neverthel...

This Tax Calendar has been prepared by the Tax-Client Accounting Services (CAS) group of Isla Lipana & Co., the Philippine member firm of the PwC network, based on relevant laws, rules, and regulations issued as of 31 October 2022 by various government agencies. While every effort has been made to ensure accuracy, neither our firm nor any of our partners/staff shall be liable on any ground whatsoever to any party in respect of decisions or actions they may take as a result of using this calendar. Where particular questions arise in its use, please consult our Tax-CAS group. 03, Tuesday e-Filing and e-Payment/Filing and payment of 1702Q (ITR) for QE 31 October 2022. Submission of attachments to the 1702 (ITR), together with 1709 (RPT Form), if applicable, for YE 31 August 2022 (e-Filers). Submission of RFC for YE 31 August 2022. Submission of SAWT for QE 31 October 2022. Submission of soft copy of books of accounts and other required documents for YE 30 November 2022 registered under CAS. Submission of Inventory Lists for YE 30 November 2022. Submission to BOI of Form S-1 by BOI-registered enterprises for YE 31 August 2022. e-Submission of SLSP for QE 30 November 2022 (LTS & eFPS filers). Remittance of SSS contributions and loan payments for November 2022. Payment of4th installment of RPT for 2022. 05, Thursday e-Filing and e-Payment/Filing and payment of 2000 (DST) for December 2022. Submission to PEZA of monthly WFH reports by PEZA-registered IT-BPO enterprises as of 15 D...

Get to know the step by step process of How to Generate KRA Payment Slip via iTax. Learn where the Payment Slip will be needed by KRA. Today, I am going to show you How to Generate KRA Payment Slip via iTax for Income Tax Individual. Our main focus will be on generating the Payment slip so as to pay for KRA Penalty that has been imposed on the In simple terms, we are going to generate a payment slip to pay for KRA Penalty that was imposed due to late filing. In this post, we are going to use an example of a Taxpayer who was fined Kshs. 2,000 by KRA for late filing of the 2017 Income tax returns. NOTE: This individual had no source of income at that time / period (2017), and the Taxpayer did file theKRA Nil Return on time. The penalty of Kshs. 2,000 was automatically applied by the iTax system and now we have to apply for KRA Payment Registration so as to enable us pay the penalty for late filing of returns for that period. How to Generate KRA Payment Slip via iTax Step 1: Access The first step in generating payment slip by KRA is by visiting the iTax Portal using the above link provided and as shown below. Step 2: Enter your KRA PIN Number and KRA Password The next will be for you to enter your KRA PIN Number and KRA Password so as to enable you to log into your iTax account. This is as shown below. Once you have entered your KRA PIN Number and KRA Password, click on the login button. Step 3: iTax Web Portal Account Upon successful login, you will be taken to your iTax Web...