Article 62 - Tax Returns

1.The Tax Return of a ;Taxable ;Person must be filed by the Taxable Person or a person authorised to act on his behalf for each Tax Period with the Authority no later than the last day in the month following the end of the Tax Period to which the Tax Return relates. A Tax Return filed validly on behalf of a Taxable Person shall be considered that Taxable Person's self-assessment of Tax due for that Tax Period. 

The Authority shall have the right to issue an assessment based on its best estimate of the Tax properly due for the relevant Tax Period in cases where the Taxable Person has failed to file a Tax Return. The Taxable Person remains obligated to submit the outstanding Tax Return.

2.In addition to the information required under article forty of these Regulations, the Authority may require in the form prescribed by it disclosure of the following information in respect of the Tax Period to which a Tax Return relates:

a) the total value of all Supplies of Goods and services made by the Taxable Person subject to the basic rate and the zero-rate of Tax, and the total Output Tax on those Supplies,

b) the total value of all Goods and services supplied to the Taxable Person, and the total deductible Input Tax,

c) the total value of all Nominal Supplies of Goods and services,

d) the total value of all Supplies of Goods and services to the Taxable Person where the Tax is payable by the Taxable Person under the Reverse Charge Mechanism,

e) the total value of Internal Supplies made by the Taxable Person,

f) the total value of Tax on imports reported through the Taxable Person’s Tax Return, and the total Input Tax relating to all imports of Goods by the Taxable Person,

g) the total value of Exempt Supplies made by the Taxable Person,

h) the value of any ;other ;Supplies made by the Taxable Person,

i) the value of any adjustments made ;to Input Tax in accordance with articles fifty-one or fifty-two of these Regulations during that Tax Period,

j) any correction of previous Tax Returns made through that Tax Return in accordance with the second paragraph article of sixty- three of these Regulations.