TAX REPORT

CHANGE TO PAYMENT SCHEDULE FOR SPECIAL TAXPAYERS

National Integrated Customs and Tax Service (SENIAT) Administrative Directive No. SNAT/2020/00057 dated August 27, 2020, setting a new schedule for the filing of returns and payment of the value added tax, as well as withholdings and advance payment of VAT by special taxpayers and withholding agents for 2020, has been published in Official Gazette No. 41,954 dated August 31, 2020.

According to this schedule for the filing of value added tax returns, advance payments of value added tax and income tax, and VAT withholdings, these procedures are now to be completed twice a month. The Directive also provides that, in the case of the returns and payments for the first half of September 2020 by those classified as special taxpayers, these must also include August 31st

Please do not hesitate to contact us if you have any questions concerning this issue.

Yours truly,

Benson, PérezMatos, Antakly & Watts

Ysabel Figueira