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Home :: Useful Information :: Tax Calendar​ TAX CALENDAR – 2021 (Last Dates for Making Payments & filing Returns) January​ Date Description 1 Betting & Gaming Levy Payment – 4ᵗʰ Quarter 2020/2021 7 Betting & Gaming Levy Payment – 10% of Turnover – December 2020 15 APIT Payment – December 2020 WHT/ AIT  Payment – December 2020 Stamp Duty Compounded – Payment & Return of 4ᵗʰ Quarter 2020 20 VAT  Payment –  December 2020 and Second Interim Estimate of Calendar Year Taxpayers (VATFS) for 2020/2021 Betting & Gaming Levy Return – 3ʳᵈ  Quarter 2020/2021 31 VAT Return - Monthly (December 2020) & Quarterly ( October - December 2020) February Date Description 7 Betting & Gaming Levy Payment - 10% of Turnover – January 2021 15 Income Tax – 3ʳᵈ Instalment of Y/A 2020/2021 APIT Payment – January 2021 WHT/ AIT  Payment – January 2021 20 VAT Payment –  January 2021 28 VAT Return – Monthly (January 2021) March Date Description 7 Betting & Gaming Levy Payment - 10% of Turnover – February 2021 15 APIT Payment – February 2021 WHT/ AIT  Payment – February 2021 20 VAT  Payment –  February 2021 31 VAT Return – Monthly (February 2021) April Date Description 1 Betting & Gaming Levy Payment – 1ˢᵗ Quarter 2021/2022 7 Betting & Gaming Levy Payment – 10% of Turnover – March 2021 15 APIT Payment – March 2021 WHT/ AIT  Payment – March 2021 Stamp Duty Compounded – Payment & Return – 1ˢᵗ Quarter 2021 20 VAT Payment –  March 2021 Betting & Gaming Levy Return – 4ᵗʰ Quarter 2020/2021 30 VAT Return - Monthly (March 2021) & Quarterly ( January - March 2021) WHT/ AIT  Annual Statement – Year of Assessment 2020/2021 APIT Annual Statement of Employers – 2020/2021 May Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – April 2021 15 Income Tax – 4ᵗʰ Instalment of Y/A 2020/2021 APIT Payment – April 2021 WHT/ AIT Payment – April 2021 20 VAT Payment –  April 2021 31 VAT Return – Monthly (April 2021) June Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – May 2021 15 APIT Payment – May 2021 WHT/ AIT  Payment – May 2021 20 VAT Payment – May 2021 30 VAT Return – Monthly (May 2021) July Date Description 1 Betting & Gaming Levy Payment – 2ⁿᵈ Quarter 2021/2022 7 Betting & Gaming Levy Payment – 10% of Turnover – June 2021 15 APIT Payment – June 2021 WHT/ AIT  Payment – June 2021 Stamp Duty Compounded – Payment & Return 2nd Quarter 2021 20 VAT Payment  –  June 2021 and First Interim Estimate of Calendar Year need to submit by VAT on FS Taxpayers for 2021/2022 Betting & Gaming Levy Return – 1ˢᵗ Quarter 2021/2022 31 VAT Return – Monthly June 2021) & Quarterly ( April - June 2021) August Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – July 2021 15 Income Tax – 1ˢᵗ Instalment of Y/A 2021/2022 Statement of Estimated Tax ( SET) – Y/A 2021/2022 APIT Payment – July 2021 WHT/ AIT  Payment – July 2021 20 VAT Payment –  July 2021 31 VAT Return – Monthly (July 2021) September Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – August 2021 15 APIT Payment – August 2021 WHT/ AIT  Payment – August 2021 20 VAT  Payment -  August 2021 30 Income Tax – Final Payment of Y/A 2020/2021 VAT Return - Monthly (August 2021) VAT on Financial Services  Return– (Assessment Year Taxpayers - April 2020 to March 2021) October Date Description 1 Betting & Gaming Levy Payment – 3ʳᵈ Quarter 2021/2022 7 Betting & Gaming Levy Payment – 10% of Turnover – September 2021 15 APIT Payment – September 2021 WHT/ AIT  Payment – September 2021 Stamp Duty Compounded – Payment & Return – 3ʳᵈ Quarter 2021 20 VAT Payment –  September 2021 and First Interim Estimate of Assessment Year need to submit by VAT on FS Taxpayers for 2021/2022 Betting & Gaming Levy Return – 2nd Quarter 2021/2022 31 VAT Return – Monthly (September 2021) & Quarterly (July - September 2021) November Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – October 2021 15 Income Tax – 2ⁿᵈ Instalment of Y/A 2021/2022 APIT Payment – October 2021 WHT/ AIT  Payment – October 2021 20 VAT Payment –  October 2021 30 Income Tax Return – Y/A 2020/2021 VAT Return – Monthly (October 2021) December Date Description 7 Betting & Gaming Levy Payment – 10% of Turnover – November 2021 15 APIT Payment – November 2021 WHT/ AIT  Payment – November 2021 20 VAT  Payment –  November 2021 31 VAT Return – Monthly (November 2021)​ Downloads Tax Calendar 2012 Tax Calendar 2011 Tax Calendar 2010 Tax Calendar 2009 * Please note that, as the due date falls on a non working day (public or bank holiday) please make arrangements to pay or comply on or before that date. Discount on Income Tax payable by Individuals Any individuals who makes any quarterly self-assessment income tax payment, one month before the due date, is entitled to a 10% discount thereon (not exceeding such percentage on the installment based on the current year profits). Illustration – I A ssume tha t your income tax liability (as an individual) for the year of assessment 2015/16 is Rs. 200,000/-. Then, under normal circumstances you may make quarterly self-assessment income tax payments for the year of assessment 2016/17, as follows: Payment Date Calculation Amount (Rs.) 15th August 2016 200,000 x ¼ 50,000 15th November 2016 200,000 x ¼ 50,000 15th February 2017 200,000 x ¼ 50,000 15th May 2017 200,000 x ¼ 50,000 Total 200,000 However, if you make above payments one month before the respective stipulated dates, you are entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows. Payment Date Calculation Amount (Rs.) 15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000 Total 180,000 If your income tax liability for the year of assessment 2016/17 is Rs. 250,000/-, then, the balance tax payable for that year of assessment, on or before September 30, 2017, is as follows: Computation Amount (Rs.) Total Income Tax payable for the Y/A 2016/17 250,000 Less: Total of Quarterly self-assessment tax payments made (180,000) Discount 200,000 x 10% (already deducted) (20,000) Balance Tax payable on or before September 30, 2017 50,000 Illustration – II Assume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs.200,000/-. Then, under normal circumstances you may make quarterly self-assessment income tax payments on the basis of that liability for the year of assessment 2016/17 as follows: Payment Date Calculation Amount (Rs.) 15th August 2016 200,000 x ¼ 50,000 15th November 2016 200,000 X ¼ 50,000 15th February 2017 200,000 X ¼​ 50,000 15th May 2017 200,000 X ¼ 50,000 Total 200,000 However, if you make above payments one month before respective stipulated dates, you will be entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows. Payment Date Calculation Amount (Rs.) 15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000 15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000 Total 180,000 ​If your income tax liability for the year of assessment 2016/17 is Rs. 150,000/-,  then the refund for that year of assessment, is computed as follows. Computation Amount (Rs.) Total Income Tax payable for the Y/A 2016/17 150,000 Less: Total of Quarterly self-assessment tax payments (180,000) Discount 150,000 x 10% (entitled) (15,000) Refund due for the Y/A 2016/17 (45,000) Please note that the discount is limited to 10% of the current year tax liability. ​​​

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