Payment of Tax
PAYMENT OF TAX
Tax on the basis of Estimated Chargeable Income (ECI) shall be paid on or before the due date for furnishing ECI i.e. within three (3) months after the end of accounting period relating to that Year of Assessment.
Tax on the basis of Income Tax Returns shall be paid on or before 30 June.
- Tax on the basis of additional assessment raised by Revenue Division shall be paid within 30 days after the service of the Notice of Assessment.
METHOD OF PAYMENT
CASH OR CHEQUES
INTERNET BANKING FACILITY
(*Note: Return ID generated by STARS after filing any forms is required when making payment via bank channel for auto-reconciliation purposes.)
- For payment through electronic transfer, enquiries may be made directly to the Revenue Division.
(Please refer to our step by step guide – Make Payment at STARS Services Portal, https://www.stars.gov.bn/eServices/Public/StepByStepGuide.aspx or https://www.stars.gov.bn/eServices/Public/Docs/UserGuides/Guidelines%20on%20tax%20payment%20via%20banking%20channels.pdf).
Mondays - Thursdays & Saturdays 8.00 am - 12.00 pm & 1.30 pm - 3.30 pm
Fasting Month 8.15 am - 1.30 pm
PENALTY OF LATE PAYMENT
BEFORE YEAR OF ASSESSMENT 2012
If tax is not paid within 30 days notwithstanding the objection to the assessment, a penalty of five percent (5%) of the amount due shall be imposed (Section 72(1)(a)).
YEAR OF ASSESSMENT 2012 AND ABOVE
If tax due based on ECI is not paid after three (3) months after the end of accounting period relating to that Year of Assessment, a penalty of five percent (5%) of the amount due shall be imposed.
If tax due based on Income Tax Returns is not paid after 30 June, a penalty of five percent (5%) of the amount due shall be imposed (i.e. 1 July).
- An additional penalty of one percent (1%) of the tax outstanding shall be imposed for each completed month of the outstanding tax remains unpaid but the total additional penalty shall not exceed 12% (Section 72(1)(bb)).
Request for refund must be submitted to the Revenue Division together with original receipt of payment.
Refund requests can now be submitted via STARS Services Portal. However, original receipt of payment for respective refund request is still required to be submitted to Revenue Division.