Home :: Useful Information ::
Tax Calendar
TAX CALENDAR - 2022
(Last Dates for Making Payments & Filing of Returns)
January
Date |
Period Code |
Description |
1 |
21/22 IV |
Betting & Gaming - Annual Levy Payment - 4ᵗʰ Quarter 2021/2022 |
7 |
21/22 III |
Betting & Gaming Gross Collection payment (10% of Turnover) - December 2021 |
15 |
21120 |
APIT Payment - December 2021 |
21120 |
WHT/ AIT Payment - December 2021 |
2140 |
Statement of Stamp Duty Compounded –4ᵗʰ Quarter 2021 |
21120 |
Stamp Duty Compounded Payment –4ᵗʰ Quarter 2021 |
20 |
21430 |
VAT Payment – December 2021 |
21120 |
VAT on FS - Payment- December 2021 |
21222 |
VAT on FS - 2nd Interim Estimate 2021/2022 (Calendar Year Basis - CY) |
21/22 III |
Betting & Gaming Gross Collection Return – 3ʳᵈ Quarter 2021/2022 |
31 |
2143 |
VAT Return - Monthly (December 2021) |
2140 |
VAT Return - Monthly (December 2020) & Quarterly ( October - December 2020) |
February
Date
|
Period Code
|
Description
|
7 |
21/22 IV
|
Betting Gaming Gross Collection Payment (10% of Turnover) - January 2022 |
15 |
21223
|
Income Tax - 3ʳᵈ Instalment of Y/A 2021/2022 |
22010
|
APIT Payment - January 2022 |
22010
|
WHT/ AIT Payment - January 2022 |
20 |
22110
|
VAT Payment - January 2022 |
22010
|
VAT on FS - Payment - January 2022 |
28 |
2211
|
VAT Return - Monthly (January 2022) |
March
Date
|
Period Code
|
Description
|
7 |
21/22 IV
|
Betting & Gaming Gross Collection Payment(10% of Turnover) - February 2022 |
15 |
22020
|
APIT Payment - February 2022 |
22020
|
WHT/ AIT Payment - February 2022 |
20 |
22120
|
VAT Payment - February 2022 |
22020
|
VAT on FS - Payment - February 2022 |
31 |
2212
|
VAT Return - Monthly (February 2022) |
April
Date
|
Period Code
|
Description
|
1 |
22/23 I
|
Betting & Gaming - Annual Levy Payment - 1ˢᵗ Quarter 2022/2023 |
7 |
21/22 IV
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - March 2022 |
15 |
22030
|
APIT Payment - March 2022 |
22030
|
WHT/ AIT Payment - March 2022 |
2210
|
Statement of Stamp Duty Compounded - 1ˢᵗ Quarter 2022 |
22030
|
Stamp Duty Compounded Payment - 1ˢᵗ Quarter 2022 |
20 |
22130
|
VAT Payment - March 2022 |
22030
|
VAT on FS - Payment - March 2022 |
21222
|
VAT on FS - 2ⁿᵈ Interim Estimate 2021/2022 (Assessment Year Basis - AY) |
21/22 IV
|
Betting & Gaming Gross Collection Return - 4ᵗʰ Quarter 2021/2022 |
30 |
2213
|
VAT Return - Monthly (March 2022) |
2210
|
VAT Return - 1ˢᵗ Quarter ( January - March 2022) |
2122
|
WHT/ AIT Annual Statement - Year of Assessment 2021/2022 |
2122
|
APIT Annual Statement of Employers - 2021/2022 |
May
Date
|
Period Code
|
Description
|
7 |
22/23 I
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - April 2022 |
15 |
21224
|
Income Tax - 4ᵗʰ Instalment of Y/A 2021/2022 |
22040
|
APIT Payment - April 2022 |
22040
|
WHT/ AIT Payment - April 2022 |
20 |
22210
|
VAT Payment - April 2022 |
22040
|
VAT on FS - Payment - April 2022 |
31 |
2221
|
VAT Return - Monthly (April 2022) |
June
Date
|
Period Code
|
Description
|
7 |
22/23 I
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - May 2022 |
15 |
22050
|
APIT Payment - May 2022 |
22050
|
WHT/ AIT Payment - May 2022 |
20 |
22220
|
VAT Payment - May 2022 |
22050
|
VAT on FS - Payment - May 2022 |
30 |
2222
|
VAT Return - Monthly (May 2022) |
21220
|
VAT on FS Final Payment - Taxable Period 2021/2022 (Calendar Year Basis - CY) |
2122
|
VAT on FS Return - Calendar Year Basis (CY - January 2021 to December 2021) |
July
Date
|
Period Code
|
Description
|
1 |
22/23 II
|
Betting & Gaming - Annual Levy Payment - 2ⁿᵈ Quarter 2022/2023 |
7 |
22/23 I
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - June 2022 |
15 |
22060
|
APIT Payment - June 2022 |
22060
|
WHT/ AIT Payment - June 2022 |
2220
|
Statement of Stamp Duty Compounded - 2ⁿᵈ Quarter of 2022 |
22060
|
Stamp Duty Compounded - Payment 2ⁿᵈ Quarter 2022 |
20 |
22230
|
VAT Payment - June 2022 |
22060
|
VAT on FS - Payment - June 2022 |
22231
|
VAT on FS - 1ˢᵗ Interim Estimate for 2022/2023 (Calendar Year Basis - CY) |
22/23 1
|
Betting & Gaming Gross Collection Return - 1ˢᵗ Quarter 2022/2023 |
31 |
2223
|
VAT Return - Monthly (June 2022) |
2220
|
VAT Return - Quarterly ( April - June 2022) |
August
Date
|
Period Code
|
Description
|
7 |
22/23 II
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - July 2022 |
15 |
22231
|
Income Tax - 1ˢᵗ Instalment of Y/A 2022/2023 |
2223
|
Statement of Estimated Tax ( SET) - Y/A 2022/2023 |
22070
|
APIT Payment - July 2022 |
22070
|
WHT/ AIT Payment - July 2022 |
20 |
22310
|
VAT Payment - July 2022 |
22070
|
VAT on FS - Payment - July 2022 |
31 |
2231
|
VAT Return - Monthly (July 2022) |
September
Date
|
Period Code
|
Description
|
7 |
22/23 II
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - August 2022 |
15 |
22080
|
APIT Payment - August 2022 |
22080
|
WHT/ AIT Payment - August 2022 |
20 |
22320
|
VAT Payment - August 2022 |
22080
|
VAT on FS - Payment - August 2022 |
30 |
21220
|
Income Tax - Final Payment of Y/A 2021/2022 |
2232
|
VAT Return - Monthly (August 2022) |
21220
|
VAT on FS Final Payment - Taxable Period 2021/2022 (Assessment Year Basis - AY) |
2122
|
VAT on FS Return - Assessment Year Basis (AY - April 2021 to March 2022) |
October
Date
|
Period Code
|
Description
|
1 |
22/23 III
|
Betting & Gaming - Annual Levy Payment - 3ʳᵈ Quarter 2022/2023 |
7 |
22/23 II
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - September 2022 |
15 |
22090
|
APIT Payment - September 2022 |
22090
|
WHT/ AIT Payment - September 2022 |
2230
|
Statement of Stamp Duty Compounded - 3ʳᵈ Quarter 2022 |
22090
|
Stamp Duty Compounded - payment for 3ʳᵈ Quarter 2022 |
20 |
22330
|
VAT Payment - Monthly (September) |
22090
|
VAT on FS - Payment - September 2022 |
22231
|
VAT on FS - 1ˢᵗ Interim Estimate for 2022/2023 (Assessment Year Basis - AY) |
22/23 II
|
Betting & Gaming Gross Collection Return - 2ⁿᵈ Quarter 2022/2023 |
31 |
2233
|
VAT Return - Monthly (September 2022) |
2230
|
VAT Return - Quarterly (July - September 2022) |
November
Date
|
Period Code
|
Description
|
7 |
22/23 III
|
Betting & Gaming Gross Collection Payment (10% of Turnover) - October 2022 |
15 |
22232
|
Income Tax - 2ⁿᵈ Instalment of Y/A 2022/2023 |
22100
|
APIT Payment - October 2022 |
22100
|
WHT/ AIT Payment - October 2022 |
20 |
22410
|
VAT Payment - October 2022 |
22100
|
VAT on FS - Payment - October 2022 |
30 |
2122
|
Income Tax Return - Y/A 2021/2022 |
2241
|
VAT Return - Monthly (October 2022) |
December
Date
|
Period Code
|
Description
|
7 |
22/23 III
|
Betting & Gaming Gross Collection (10% of Turnover) - November 2022 |
15 |
22110
|
APIT Payment - November 2022 |
22110
|
WHT/ AIT Payment - November 2022 |
|
22420
|
VAT Payment - November 2022 |
20 |
22110
|
VAT on FS - Payment - November 2022 |
31 |
2242
|
VAT Return - Monthly (November 2022) |
* 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.
|
|
|
|
|
|
|
|