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INSTRUCTIONS No. (2) of 2003 CONCERNING TAX RETURN AND TAX PERIODS

 

 

Based on the authority vested in me under Article (50) of the General Sales Tax Law No. (6) for the year 1994, as amended, the following Instructions are to be followed:

 

 

First: Tax Return, whether completed in writing (manually) or filed as data-processing-based (automated), shall be submitted by the Registered Person using Forms No. (4) and (5) prepared by the Department for this purpose.

 

 

 

Second: The Registered Person shall submit the required Return within one month following the end of his tax periods

              prescribed in the registration letter issued by the Department.

 

 

 

Third: The Registered Person may, by a written notice presented to the Department, amend his Return already submitted

          to the Department when he realizes the existence of an error in his declaration. In such case, he shall not be

          considered as breaching the provisions of this law unless the Department has preceded him in realizing that error.

          However, in the former case, the Registered Person shall be required to pay the underdeclared amount of tax,

          together with the payable late payment penalty resulted from that error and calculated for every week or any part

          thereof .

 

 

 

Fourth: In case where the Tax Return, adopted by the Department, is submitted to banks, it shall be deemed to be a tax

           return duly submitted to the Department.

 

 

 

Fifth: If the Tax Return has been submitted in a way that violates the provisions of this Law, the Return shall be

        considered as cancelled and the Registered Person shall be liable to the penalties provided for under this Law.

 

 

 

Sixth: If the Registered Person submitted more than one Return belonging to the same Period, the Department shall only

         accept the one submitted first. The other returns shall be considered cancelled except for the amendment notices

         submitted afterwards .

 

 

 

Seventh: Instructions No. (2) for the year 2001 concerning the Tax Returns and the Tax Periods shall be hereby

              repealed.

 

 

 

Eighth: These Instructions shall be put into operation as of the date of publication in the Official Gazette.

 

 

 

MINISTER of FINANCE

 
All rights reserved, 2004 Ministry of Finance, Income & Sales Tax Department