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You must submit your VAT returns digitally and on time, to avoid a fine. Taxable persons with annual supplies exceeding BHD 3 million will have a monthly tax period. 10th November 2020 13th October 2020 by Anita Forrest. He must submit and pay VAT to HMRC by 7 May 2020. 30 November 2021. Tally is MENA's leading business management software solution company, which today enables ~2 million businesses worldwide Read More>>, Tally Solutions Pvt. 31 August 2021. Monthly VAT payments due for VAT return periods between March and May 2020 will be postponed for one month. The new due date will be 3 months from the primary due date (e.g. You usually submit a VAT Return to HM Revenue and Customs ( HMRC) every 3 months. The VAT Return filing period for 2020 onwards are classified into monthly and quarterly VAT Return filing. MovieStreaming Ltd. must pay the VAT it collects in August 2020 by the payment due date, which is the end of the following month namely 30 September 2020. Latest date for receipt of tax return and payment. Global LLC is responsible for the VAT on the sales, and must, therefore, charge Fajar $22 including $2 in VAT. * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ In special cases, the Director-General of Taxes may require a VAT collector to furnish a more detailed report covering a period of one calendar year. Other VAT returns for February 2020, against which no refund request is being made, must be filed no later than 6 April 2020. Quarterly VAT returns Note: Returns in the second quarter (April to June 2020) will not be extended. * @since 1.0.0 Quarterly VAT returns for the quarter ending 29 February were delayed from 25 March to 27 April 2020. If the price of the product before VAT is $30, then MovieStreaming Ltd. should charge Nadya $33 which includes a $3 VAT component. Overseas businesses that make sales like those described above and meet certain criteria will be appointed as VAT collectors by the Indonesian Government and be responsible for: charging VAT on sales of digital products, making a monthly payment to the Indonesian Government, and, submitting a quarterly VAT return to the Indonesian Directorate General of Taxes (DGT). List of Information that Regularly Provided, List of Information that Nececessarily Announced, List of Information that Always Available, Klaster Kemudahan Berusaha Bidang Perpajakan, Undang-Undang Republik Indonesia Nomor 2 Tahun 2020, Peraturan Pemerintah Pengganti Undang-Undang Republik Indonesia Nomor 1 Tahun 2020, Peraturan Menteri Keuangan Nomor 48/PMK.03/2020, Peraturan Direktur Jenderal Pajak Nomor PER-12/PJ/2020, VAT on sales of digital products to Indonesian customers, the value of transactions with buyers in Indonesia exceeds IDR 600,000,000.00 in 1 year or IDR 1,000,000.00 in 1 month; and / or. When VAT becomes payable. As mentioned in the table, the last day to file the first quarterly return was 30th April, 2018 and the last day to file the next quarterly VAT return for the period of APR-JUN’18 is 30th June, 2018. 2019, NBT has designed a transitional VAT return filing Period. Fajar, an Indonesian customer, uses Global Store marketplace to buy a digital product from Top Games Ltd. Vat payment dates & VAT return deadlines As a general rule, the VAT deadline for both returns and payments is 1 calendar month and 7 days after the end of the relevant accounting period. */ Taxable persons with annual supplies exceeding BHD 3 million will have a monthly tax period. Top Games Ltd., a merchant in China, satisfies requirements to be appointed as an Indonesian VAT collector. The last day to file quarterly returns is the last day of the following month of the VAT return filing period. Group A : Twenty five (25) days following end of the month. * It is used to display a page when nothing more specific matches a query. List of BIR Tax Returns 02 List of Acronyms 03 E-Filers Group Classification 04 List of Authorized Agent Banks (AABs) 05 Year 2020 Holidays 07 Tax Deadlines and Documents for Submission January 08 February 13 March 17 April 21 May 25 June 29 July 33 You are required to submit a quarterly VAT return by the end of the month following the end of the quarter. This includes the return, BIR Forms 1601C. Group B : Twenty four (24) days following end of the month. The Vat return period discussed above is applicable only from 2020 onwards. If you operate such service, you might be liable to charge Indonesian VAT on sales made to Indonesian consumers through your service. Quarterly VAT returns including VAT ledgers are required as from 1 January 2017. Examples of these sales include downloading or streaming of apps, books, computer software, games, magazines, movies, music, and newspapers, as well as the subscription of such products. Ensure that the FTA has received the tax payable for the monthly / quarterly return for the period ending 31 March 2020, by Thursday, May 28, 2020. An online marketplace operator is an entity which provides the electronic communication service that allows overseas merchants to make sales of digital products to Indonesian customers. The following table explains the applicability of the monthly and quarterly Vat return filing period in Bahrain. As mentioned above, the quarterly Vat return is due on the last day of the subsequent month following the end of the quarter. Online services such as advertising, design, marketing, and video conferencing services are also examples of digital products covered by this measure. 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