Domestic Economy

VAT Return Deadlines Extended

VAT Return Deadlines Extended VAT Return Deadlines Extended

The due date for the submission of Value Added Tax returns concerning the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19) has been extended to April 19, the deputy head of Iranian National Tax Administration said.
“The due date for businesses hurt by the coronavirus outbreak, determined by the Taskforce to Fight the Economic Impacts of Coronavirus has also been postponed to May 20 and fines resulting from the delay in submitting VAT returns and its related payments will be forgiven upon the written request of taxpayers,” Mehr News Agency also quoted Mohammad Masihi as saying. 
Restaurants, diners, cafes, reception halls, lodgings and hotels, transportation service centers, travel agencies, shoe and clothing retailers, confectioneries, gyms and sports centers, art centers and handicraft shops are among businesses hit by the spread of coronavirus, according a statement by the aforementioned taskforce.

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