Deadline for Second Interim payment of BPT is approaching

The MIRA advises all taxpayers to file their Statement of Interim Payment for their second interim period and pay their respective tax ahead of the deadline of 31 January 2013 as per the BPT deadline.

All taxpayers who have filed their final returns for 2011 and those that have filed their Statement of Interim Payment for the first interim period of 2012 have to file their Statement of Interim Payment for their second interim period. Those who have not filed their First Statement of Interim Payment for 2012 are advised to file them as soon as possible.

To make tax compliance easier on the taxpayers a tax ruling has been issued regarding paying BPT. According to the ruling, taxpayers who file their BPT Return for a given year with all the required documents, before 31 January of the following year will not be required to file the Second Interim payment statement for that respective year. As such, taxpayers who file their BPT Return for 2012 and pay their taxes will not have to file their second interim payment for 2012.

Since the last week of January is expected to be a busy week at MIRA, with lots of taxpayers seeking service, taxpayers are advised to be mindful of this and to pay their taxes well ahead of the deadline.

15 Jan 13