To support businesses facing challenges on account of precautionary measures taken in the UAE, the FTA has decided to extend the VAT payment and return filing deadline on an exception basis.
Tabulation of the revised timelines below:
Tax Period ending with 31 March 2020
Original Due Date - 28 April 2020
Revised Due Date - 28 May 2020
The extension in payment and filing of VAT returns is a welcome measure and will help businesses in managing cash flows, albeit for a short period.
For businesses that are in a refund position may opt to file the due VAT return immediately and submit an application for the VAT refund.