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Old 02.11.2020, 21:21
Landers Landers is offline
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Re: Queries on tax calculation and filing taxes

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Hello Folks,

For the tax year 2020, we received a tax declaration form few months back. We filled in our expected income and deductions and sent it back to the authorities.

They asked you to do this? Sounds odd but maybe a BL thing??


With such low tax rates and tax at source I'm surprised you'll need to do a full tax declaration. I think maybe you're 'jumping the gun'?



Generally if there's no "due by" then it's a pre-payment. If you haven't paid sufficient tax in the year then you usually have to pay interest on the outstanding amount.
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