TAX CALENDER – 2008
PAYMENTS AND RETURN DATES (on or before)

January 

01^st - Betting & Gaming Levy – 1st Quarter 2008

15^th* - PAYE – December 2007

15^th* - WHT Deducted – December 2007

15^th* - Stamp Duty Compounded – 4th Quarter 2007

20^th - VAT Return & Payment (Monthly) – December 2007

20^th - VAT Return & Payment (Quarterly) – 4th Quarter 2007

20^th - VAT Payment – VAT on Financial Services – December 2007

20^th - ESC Return & Payment – 2007/08 3rd Quarter

31^st - VAT Return – VAT on Financial Services - December 2007

31^st - Debits Tax Return & Payment – December 2007

February 

15^th - PAYE – January 2008

15^th - Income Tax – 3rd Instalment of Y/A 2007/08

15^th - WHT Deducted – January 2008

20^th* - VAT Return & Payment (Monthly) – January 2008

20^th - VAT Payment (Quarterly) – 1st Instalment of 1st Quarter 2008

20^th - VAT Payment – VAT on Financial Services – January 2008

29^th - VAT Return – VAT on Financial Services – January 2008

29^th - Debits Tax Return & Payment – January 2008

March 

15^th - PAYE – February 2008

15^th - WHT Deducted – February 2008

20^th - VAT Return & Payment (Monthly) – February 2008

20^th - VAT Payment (Quarterly) – 2nd Instalment of 1st Quarter 2008

20^th - VAT Payment – VAT on Financial Services – February 2008

31^st - VAT Return – VAT on Financial Services – February 2008

31^st - Debits Tax Return & Payment – February 2008

April 

01^st - Betting & Gaming Levy – 2nd Quarter 2008

15^th - PAYE – March 2008

15^th - WHT Deducted – March 2008

15^th - Stamp Duty Compounded – 1st Quarter 2008

20^th - VAT Return & Payment (Monthly) – March 2008

20^th - VAT Return & Payment (Quarterly) – 1st Quarter 2008

20^th - VAT Payment – VAT on Financial Services – March 2008

20^th - ESC Return & Payment – 2007/08 4th Quarter

30^th - PAYE Annual Declaration by Employers – 2007/08

30^th - VAT Return – VAT on Financial Services – March 2008

30^th - Debits Tax Return & Payment – March 2008

May 

15^th - PAYE – April 2008

15^th - Income Tax – 4th Instalment of Y/A 2007/08

15^th - WHT Deducted – April 2008

20^th* - VAT Return & Payment (Monthly) – April 2008

20^th - VAT Payment (Quarterly) – 1st Instalment of 2nd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – April 2008

31^st - VAT Return – VAT on Financial Services – April 2008

31^st - Debits Tax Return & Payment – April 2008

June 

15^th - PAYE – May 2008

15^th - WHT Deducted – May 2008

20^th - VAT Return & Payment (Monthly) – May 2008

20^th - VAT Payment (Quarterly) – 2nd Instalment of 2nd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – May 2008

30^th - VAT Return – VAT on Financial Services – May 2008

30^th - Debits Tax Return & Payment – May 2008

“Your Priority Payments – Much Value”

“Taxes: Improve Quality of Life for Better Society”

Inland Revenue

“MUCH VALUE FOR YOUR COMPLIANCE”

TAX CALENDAR – 2008 (2nd Half)

PAYMENT AND RETURN DATES (on or before)

July 

01^st - Betting & Gaming Levy – 3rd Quarter 2008

15^th - PAYE – June 2008

15^th - WHT Deducted – June 2008

15^th - Stamp Duty Compounded – 2nd Quarter 2008

20^th - VAT Return & Payment (Monthly) – June 2008

20^th - VAT Return & Payment (Quarterly) – 2nd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – June 2008

20^th - ESC Return & Payment – 2008/09 1st Quarter

31^st - VAT Return – VAT on Financial Services – June 2008

31^st - Debits Tax Return & Payment – June 2008

August 

15^th - PAYE – July 2008

15^th - Income Tax – 1st Instalment of Y/A 2008/09

15^th - WHT Deducted – July 2008

20^th - VAT Return & Payment (Monthly) – July 2008

20^th - VAT Payment (Quarterly) – 1st Instalment of 3rd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – July 2008

31^st - VAT Return – VAT on Financial Services – July 2008

31^st - Debits Tax Return & Payment – July 2008

September 

15^th - PAYE – August 2008

15^th - WHT Deducted – August 2008

20^th - VAT Return & Payment (Monthly) – August 2008

20^th - VAT Payment (Quarterly) – 2nd Instalment of 3rd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – August 2008

30^th - Income Tax Return & Final Payment – Y/A 2007/08

30^th - 15% Tax on Distributable Profits of 2007/08

30^th - VAT Return – VAT on Financial Services – August 2008

30^th - Debits Tax Return & Payment – August 2008

October 

01^st - Betting & Gaming Levy – 4th Quarter 2008

15^th - PAYE – September 2008

15^th - WHT Deducted – September 2008

15^th - Stamp Duty Compounded – 3rd Quarter 2008

20^th - VAT Return & Payment (Monthly) – September 2008

20^th - VAT Return & Payment (Quarterly) – 3rd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – September 2008

20^th - ESC Return & Payment – 2008/09 2nd Quarter

31^st - VAT Return – VAT on Financial Services – September 2008

31^st - Debits Tax Return & Payment – September 2008

November 

15^th - PAYE – October 2008

15^th - Income Tax – 2nd Instalment of Y/A 2008/09

15^th - WHT Deducted – October 2008

20^th - VAT Return & Payment (Monthly) – October 2008

20^th - VAT Payment (Quarterly) – 1st Instalment of 3rd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – October 2008

30^th - VAT Return – VAT on Financial Services – October 2008

30^th - Debits Tax Return & Payment – October 2008

December 

15^th - PAYE – November 2008

15^th - WHT Deducted – November 2008

20^th - VAT Return & Payment (Monthly) – November 2008

20^th - VAT Payment (Quarterly) – 2nd Instalment of 3rd Quarter 2008

20^th - VAT Payment – VAT on Financial Services – November 2008

31^st - VAT Return – VAT on Financial Services – November 2008

31^st - Debits Tax Return & Payment – November 2008

* Please note that, if the due date falls on a public or bank holiday, the payment should be made before that date.

Social Responsibility Levy (SRL)-

SRL is payable:

at 1% on every income tax (other than on WHT on interest, dividend received by any person, or specified fees, but applicable on 10% WHT on partnership profits) payable up to March 31, 2008, and

at 1.5% on every income tax (other than withholding taxes) payable by companies for any period commencing on or after April 01, 2008. (Persons other than companies are not liable to SRL effective from April 01, 2008).

Discount on Income Tax payable by Individual Taxpayers-

Individuals, who make their quarterly self-assessment income tax payments, one month before the due date, are entitled to a 10% discount on the respective tax liability.

For illustrations click here

“Your Priority Payments – Much Value”

“Taxes: Improve Quality of Life for Better Society”

Inland Revenue