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Tax Calendar​​​

TAX CALENDAR – 2018
(Last Dates for Making Payments & filing Returns)

Month Day Description
January
1ˢᵗ Betting & Gaming Levy Payment – 4ᵗʰ Quarter 2017/2018
7ᵗʰ Betting & Gaming Levy Payment - 5% of Turnover – December 2017
15ᵗʰ PAYE Payment & Return – December 2017
15ᵗʰ WHT on Interest Payment – December 2017
15ᵗʰ Stamp Duty Compounded – 4ᵗʰ Quarter 2017
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (December 16-31)
20ᵗʰ VAT Payment (Quarterly) – Final Payment of 4ᵗʰ Quarter 2017 (Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – December 2017
20ᵗʰ VAT Payment (VAT on Financial Services) -  December 2017
20ᵗʰ ESC Payment – 3ʳᵈ Quarter Y/A 2017/2018
20ᵗʰ NBT – Final Payment & Return - 4ᵗʰ Quarter 2017
20ᵗʰ Betting & Gaming Levy Return – 3ʳᵈ Quarter 2017/2018
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (January 1-15)
31ˢᵗ VAT Return - Monthly (December 2017)
31ˢᵗ VAT Return - Quarterly (4ᵗʰ Quarter 2017) 
31ˢᵗ VAT Return - VAT on Financial Services (July to December 2017)
February
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – January 2018
15ᵗʰ Income Tax – 3ʳᵈ Instalment of Y/A 2017/2018
15ᵗʰ Partnership Tax Payment – 3ʳᵈ Instalment of Y/A 2017/2018
15ᵗʰ PAYE Payment – January 2018
15ᵗʰ WHT on Interest Payment – January 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (January 16-31)
20ᵗʰ VAT Payment (Quarterly) – 1ˢᵗ Instalment of 1ˢᵗ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT Payment (Monthly) – January 2018
20ᵗʰ VAT Payment VAT on Financial Services -  January 2018
20ᵗʰ NBT – 1ˢᵗ Payment - 1ˢᵗ Quarter 2018
29ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (February 1-15)
29ᵗʰ VAT Return - Monthly (January 2018)
March
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – February 2018
15ᵗʰ PAYE Payment – February 2018
15ᵗʰ WHT on Interest Payment – February 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (February 16-29)
20ᵗʰ VAT Payment (Quarterly) – 2ⁿᵈ Instalment of 1ˢᵗ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – February 2018
20ᵗʰ VAT Payment VAT on Financial Services -  February 2018
20ᵗʰ NBT – 2ⁿᵈ Payment - 1ˢᵗ Quarter 2018
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (March 1-15)
31ˢᵗ VAT Return - Monthly (February 2018)
April
1ˢᵗ Betting & Gaming Levy Payment – 1ˢᵗ Quarter 2018/2019
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – March 2018
15ᵗʰ PAYE Payment – March 2018
15ᵗʰ WHT on Interest Payment – March 2018
15ᵗʰ Stamp Duty Compounded – 1ˢᵗ Quarter 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (March 16-31)
20ᵗʰ VAT Payment (Quarterly) – Final Payment of 1ˢᵗ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – March 2018
20ᵗʰ VAT Payment VAT on Financial Services -  March 2018
20ᵗʰ ESC Payment – 4ᵗʰ Quarter Y/A 2017/2018
20ᵗʰ NBT – Final Payment & Return - 1ˢᵗ Quarter 2018
20ᵗʰ Betting & Gaming Levy Return – 4ᵗʰ Quarter 2017/2018
30ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (April 1-15)
30ᵗʰ VAT Return - Monthly (March 2018)
30ᵗʰ VAT Return - Quarterly ( 1ˢᵗ Quarter 2018) 
30ᵗʰ PAYE Annual Declaration of Employers – 2017/2018 
30ᵗʰ Return on Dividends 2ⁿᵈ Y/A 2017/2018
May
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – April 2018
15ᵗʰ Income Tax – 4ᵗʰ Instalment of Y/A 2017/2018
15ᵗʰ Partnership Tax Payment – 4ᵗʰ Instalment of Y/A 2017/2018
15ᵗʰ PAYE Payment – April 2018
15ᵗʰ WHT on Interest Payment – April 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (April 16-30)
20ᵗʰ VAT Payment (Quarterly) – 1ˢᵗ Instalment of 2ⁿᵈ Quarter 2018 (Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – April 2018
20ᵗʰ VAT Payment VAT on Financial Services -  April 2018
20ᵗʰ NBT – 1ˢᵗ Payment - 2ⁿᵈ Quarter 2018
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (May 1-15)
31ˢᵗ VAT Return - Monthly (April 2018)
June
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – May 2018
15ᵗʰ PAYE Payment – May 2018
15ᵗʰ WHT on Interest Payment – May 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (May 16-31)
20ᵗʰ VAT Payment (Quarterly) – 2ⁿᵈ Instalment of 2ⁿᵈ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – May 2018
20ᵗʰ VAT Payment VAT on Financial Services -  May 2018
20ᵗʰ NBT – 2ⁿᵈ Payment - 2ⁿᵈ Quarter 2018
30ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (June 1-15)
30ᵗʰ VAT Return - Monthly (May 2018)
July
1ˢᵗ Betting & Gaming Levy Payment – 2ⁿᵈ Quarter 2018/2019
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – June 2018
15ᵗʰ PAYE Payment – June 2018
15ᵗʰ WHT on Interest Payment – June 2018
15ᵗʰ Stamp Duty Compounded – 1ˢᵗ Quarter 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (June 16-31)
20ᵗʰ VAT Payment (Quarterly) – Final Payment of 2ⁿᵈ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – June 2018
20ᵗʰ VAT Payment VAT on Financial Services -  June 2018
20ᵗʰ ESC Payment – 1ˢᵗ Quarter Y/A 2018/2019
20ᵗʰ NBT – Final Payment & Return - 2ⁿᵈ Quarter 2018
20ᵗʰ Betting & Gaming Levy Return – 1ˢᵗ Quarter 2018/2019
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (July 1-15)
31ˢᵗ VAT Return - Monthly (June 2018)
31ˢᵗ VAT Return - Quarterly ( 2ⁿᵈ Quarter 2018) 
31ˢᵗ VAT Return - VAT on Financial Services -  January to June 2018
August
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – July 2018
15ᵗʰ Income Tax – 1ˢᵗ Instalment of Y/A 2018/2019
15ᵗʰ Partnership Tax Payment – 1ˢᵗ Instalment of Y/A 2018/2019
15ᵗʰ PAYE Payment – July 2018
15ᵗʰ WHT on Interest Payment – July 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (July 16-31)
20ᵗʰ VAT Payment (Quarterly) – 1ˢᵗ Instalment of 3ʳᵈ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – July 2018
20ᵗʰ VAT Payment VAT on Financial Services -  July 2018
20ᵗʰ NBT – 1ˢᵗ Payment - 3ʳᵈ Quarter 2018
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (August 1-15)
31ˢᵗ VAT Return - Monthly (July 2018)
September
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – August 2018
15ᵗʰ PAYE Payment – August 2018
15ᵗʰ WHT on Interest Payment – August 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (August 16-31)
20ᵗʰ VAT Payment (Quarterly) – 2ⁿᵈ Instalment of 3ʳᵈ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – August 2018
20ᵗʰ VAT Payment VAT on Financial Services -  August 2018
20ᵗʰ NBT – 2ⁿᵈ Payment - 3ʳᵈ Quarter 2018
30ᵗʰ Income Tax – Final Payment of Y/A 2017/2018
30ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (September 1-15)
30ᵗʰ VAT Return - Monthly (August 2018)
October
1ˢᵗ Betting & Gaming Levy Payment – 3ʳᵈ Quarter 2018/2019
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – September 2018
15ᵗʰ PAYE Payment – September 2018
15ᵗʰ WHT on Interest Payment – September 2018
15ᵗʰ Stamp Duty Compounded – 3ʳᵈ Quarter 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (September 16-31)
20ᵗʰ VAT Payment (Quarterly) – Final Payment of 3ʳᵈ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – September 2018
20ᵗʰ VAT Payment VAT on Financial Services -  September 2018
20ᵗʰ ESC Payment – 2ⁿᵈ Quarter Y/A 2018/2019
20ᵗʰ NBT – Final Payment & Return - 3ʳᵈ Quarter 2018
20ᵗʰ Betting & Gaming Levy Return – 3ʳᵈ Quarter 2018/2019
30ᵗʰ Tax on Distributable Profits of 2017/2018 (Deemed Dividends Tax)
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (October 1-15)
31ˢᵗ VAT Return - Monthly (September 2018)
31ˢᵗ VAT Return - Quarterly ( 3ʳᵈ Quarter 2018) 
31ˢᵗ VAT Return - VAT on Financial Services -  April to September 2018
31ˢᵗ Return on Dividends 1ˢᵗ Y/A 2018/2019
November
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – October 2018
15ᵗʰ Income Tax – 2ⁿᵈ Instalment of Y/A 2018/2019
15ᵗʰ Partnership Tax Payment – 2ⁿᵈ Instalment of Y/A 2018/2019
15ᵗʰ PAYE Payment – October 2018
15ᵗʰ WHT on Interest Payment – October 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (October 16-30)
20ᵗʰ VAT Payment (Quarterly) – 1ˢᵗ Instalment of 4ᵗʰ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – October 2018
20ᵗʰ VAT Payment VAT on Financial Services -  October 2018
20ᵗʰ NBT – 1ˢᵗ Payment - 4ᵗʰ Quarter 2018
30ᵗʰ Income Tax Return – Y/A 2017/2018
30ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (November 1-15)
30ᵗʰ VAT Return - Monthly (October 2018)
December
7ᵗʰ Betting & Gaming Levy Payment - 10% of Turnover – November 2018
15ᵗʰ PAYE Payment – November 2018
15ᵗʰ WHT on Interest Payment – November 2018
15ᵗʰ VAT Payment (Other than Manufactures & Financial Service) – (November 16-30)
20ᵗʰ VAT Payment (Quarterly) – 2ⁿᵈ Instalment of 4ᵗʰ Quarter 2018(Manufactures & Financial Service) 
20ᵗʰ VAT  Payment (Monthly) – November 2018
20ᵗʰ VAT Payment VAT on Financial Services -  November 2018
20ᵗʰ NBT – 2ⁿᵈ Payment - 4ᵗʰ Quarter 2018
31ˢᵗ VAT Payment (Other than Manufactures & Financial Service) – (December 1-15)
31ˢᵗ VAT Return - Monthly (November 2018)

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* Please note that, as the due date falls on a non working day (public or bank holiday) please make arrangements to pay or comply on or before that date.

Discount on Income Tax payable by Individuals

Any individuals who makes any quarterly self-assessment income tax payment, one month before the due date, is entitled to a 10% discount thereon (not exceeding such percentage on the installment based on the current year profits).

Illustration – I
Assume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs. 200,000/-. Then, under normal circumstances you may make quarterly self-assessment income tax payments for the year of assessment 2016/17, as follows:

Payment Date Calculation Amount (Rs.)
15th August 2016 200,000 x ¼ 50,000
15th November 2016 200,000 x ¼ 50,000
15th February 2017 200,000 x ¼ 50,000
15th May 2017 200,000 x ¼ 50,000
Total 200,000

However, if you make above payments one month before the respective stipulated dates, you are entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows.

Payment Date Calculation Amount (Rs.)
15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
Total 180,000

If your income tax liability for the year of assessment 2016/17 is Rs. 250,000/-, 
then, the balance tax payable for that year of assessment, on or before September 30, 2017, is as follows:

Computation Amount (Rs.)
Total Income Tax payable for the Y/A 2016/17 250,000
Less: Total of Quarterly self-assessment tax payments made (180,000)
Discount 200,000 x 10% (already deducted) (20,000)
Balance Tax payable on or before September 30, 2017 50,000


Illustration – II

Assume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs.200,000/-.
Then, under normal circumstances you may make quarterly self-assessment income tax payments on the basis of that liability for the year of assessment 2016/17 as follows:

Payment Date Calculation Amount (Rs.)
15th August 2016 200,000 x ¼ 50,000
15th November 2016 200,000 X ¼ 50,000
15th February 2017 200,000 X ¼​ 50,000
15th May 2017 200,000 X ¼ 50,000
Total 200,000

However, if you make above payments one month before respective stipulated dates, you will be entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows.

Payment Date Calculation Amount (Rs.)
15th July 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th Oct 2016 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th January 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
15th April 2017 (200,000 x ¼) less 200,000x ¼ x10% 45,000
Total 180,000

​If your income tax liability for the year of assessment 2016/17 is Rs. 150,000/-,  then the refund for that year of assessment, is computed as follows.

Computation Amount (Rs.)
Total Income Tax payable for the Y/A 2016/17 150,000
Less: Total of Quarterly self-assessment tax payments (180,000)
Discount 150,000 x 10% (entitled) (15,000)
Refund due for the Y/A 2016/17 (45,000)

Please note that the discount is limited to 10% of the current year tax liability.

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Last updated: 23-07-2018