Grace period announced for VAT payments

Syndicated from sundaytimes,

The Inland Revenue Department states that a grace period has been granted till April 30 for the payment of Value Added Tax (VAT) for the months of February and March. 

Accordingly, VAT payments made on or before April 30 will be considered as payments made on the due date and the department will not levy any fines for late payments for any payments made on or before this date.