Accounts
Acts & Rules
An Act to expand the areas of imposing value added tax, supplementary duty and turnover tax; and to consolidate and simplify the provisions relating to collection procedures thereof; and to make other provisions ancillary thereto.
Learn VAT Online
Learning with NBR eLearning will improves confidence giving you the hunger to learn more and make you more independent, helping you achieve your own destiny in life and to be as contented and productive as you can be in the world of work.
Learn VAT Online
Learning with NBR eLearning will improves confidence giving you the hunger to learn more and make you more independent, helping you achieve your own destiny in life and to be as contented and productive as you can be in the world of work.
Overview
This section outlines:
- when Value-Added Tax (VAT) becomes payable
- how to complete a VAT 3 return
- how VAT is repaid.
You must file and pay VAT by the 19th day of the month following the end of each period. This should be a true and correct return furnished to the Collector-General through Revenue Online Service (ROS).
The VAT3 return records the VAT payable, or reclaimable, by you in your taxable period.
VAT repayments are made directly to an account in a financial institution. However, the Collector-General may withhold your repayments if you have outstanding tax returns.