Tax Diary
End of the following month
Payment of tax deducted from employees salary (P.A.Y.E.).
31st January
- Payment of defence fund for deemed distribution.
30th April
- Submission of individuals' personal returns (IRI) for the previous year
- Submission of the payroll list (IR7) for the previous year by the employers
- Payment of the first instalment of premium tax for life insurance companies
30th June
- Payment of the first instalment for the special contribution for defence for the first six months of the current year
1st August
- Submission of provisional tax declaration (IR6) and payment of the first instalment of provisional tax for the current year
- Payment of previous year final corporation tax under the self-assessment method
- Payment of Income Tax for the previous year based on the assessment raised by the commissioner of Income Tax
31st August
- Payment of the second instalment of premium tax for life insurance companies
30th September
- Payment of provisional tax second instalment for the current year
- Payment of immovable property tax for the current year
31st December
- Submission of previous year accounts and tax returns (IR4)
- Payment of provisional tax third instalment for the current year
- Payment of the second instalment of special contribution of defence for the last six months of the current year
- Payment of premium tax for the insurance companies - third and last instalment for the current year
Penalties
If the deadlines mentioned above are not followed, an annual interest of 9% in addition to a penalty charge depending on the circumstances will apply.
