At MRP Partners, your trusted partner in business and tax consultancy, we understand that staying ahead of statutory deadlines is critical for maintaining a healthy business. With the recent notices issued by the Inland Revenue Department (IRD), it is vital for taxpayers to align their schedules to avoid hefty penalties.
Key Deadlines for April 2026
The IRD has issued a “gentle reminder” regarding the settlement of Value Added Tax (VAT) liabilities and the submission of returns for the period ending March 2026.
- VAT Payment Deadline: Must be settled on or before April 20, 2026.
- VAT Return Submission: Returns for both monthly and quarterly filers must be submitted by April 30, 2026.
Essential Payment Codes
To ensure your payment is correctly allocated, use the following codes:
- Tax Type Code: 70
- Period Code: 26130
- Payment Category: S
The Risks of Non-Compliance
The IRD has explicitly stated that penalties for non-payment or late payment will not be waived or reduced. Furthermore, any payment made via cheque or bank draft that realizes after the due date will be treated as a late payment. Late filing also risks the disallowance of your input tax credits for up to 12 or 24 months, depending on whether they are local purchases or imports.
Need assistance with your VAT computations? Contact MRP Partners today. Our tax experts ensure your returns are accurate and filed well ahead of the clock.
