Filing and Payment Deadlines
Statutory Basis: VAT Act §47(1)(a), §46
What statute says
Value Added Tax Act, 2014 (as amended by the VAT (Amendment) (No. 2) Act, 2021), s. 47(1)(a) sets the standard filing rule — returns and payment due within 21 days of the end of the tax period. Large taxpayers fall under Value Added Tax Act, 2014 (as amended by the VAT (Amendment) (No. 2) Act, 2021), s. 46, which compresses the window to 14 days for the specified large-taxpayer threshold.
Returns and associated payments must be made by the required due date, with late filing or late payment triggering penalties (see Assessments, Interest, and Penalties) and late-payment interest under Value Added Tax Act, 2014, s. 60 (Prime + 1% on the unpaid balance).
Deadline compliance is a core statutory obligation: even accurate calculations can produce exposure when submission or payment occurs after the due date.
What platform does
CoralLedger Comply surfaces filing status, return lifecycle state, and deadline-sensitive alerts in VAT return workflows. It supports generation, review, export, and filing record management so teams can progress returns before cutoff dates.
Compliance scoring incorporates timeliness signals and helps users detect repeated late patterns over time.
Customer responsibility
You remain responsible for submitting through official DIR channels and making payment by the legal deadline. Comply does not file on your behalf with government systems by default; integration with DIR submission endpoints is an explicit opt-in configuration.
Your team must maintain internal calendars, approval workflows, and payment authorization controls to ensure operational readiness before each due date.