NRA Issues Fresh Warning to Taxpayers Over Outstanding Tax Returns

The National Revenue Authority (NRA) has reminded all taxpayers to file and pay outstanding tax returns and settle all taxes due without further delay.

The reminder particularly applies to obligations relating to Goods and Services Tax (GST), Withholding Taxes, Corporate Income Tax (CIT), Personal Income Tax (PIT), and rental income.

In accordance with Section 37(1) of the Goods and Services Tax Act 2009, as amended by Section 13 of the Finance Act 2025, GST-registered taxpayers are required to file their GST returns, together with the prescribed schedule detailing input and output GST, no later than the 21st day of the month following the relevant tax period.

The NRA further stated that, pursuant to Section 38(1) of the Goods and Services Tax Act 2009, as amended by Section 22 of the Finance Act 2026, all GST due for a tax period must be paid no later than the end of the month following that tax period.

Withholding agents and employers have also been reminded to deduct, file and pay applicable Withholding Tax and Pay As You Earn (PAYE) within 15 days after the end of the related period.

The NRA noted that, pursuant to Sections 5 and 13(a) of the Finance Act 2026, resident companies are subject to Corporate Income Tax at the applicable rate of 30%, together with a Minimum Alternate Tax (MAT) of 2% on turnover.

Additionally, under Section 13(b) of the Finance Act 2026, withholding tax on qualifying rental payments is applicable at the rate of 15% and must be deducted and remitted to the NRA within 30 days of the payment.

The Authority is therefore urging all affected taxpayers to promptly regularise their outstanding tax obligations and ensure that all returns and payments are made within the statutory deadlines.

The NRA warned that failure to comply may attract applicable interest, penalties and other measures provided for under the relevant tax laws.

The Authority said it remains committed to supporting taxpayers in meeting their obligations and appreciates the continued cooperation of the taxpaying public.