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Press Release: Two months deferral of Excise Duty payments

The Excise Duty Act (CAP. 382) provides that payment of Excise Duty, for certain commodities, is to be effected by the 15th day of the following month as from the date of placement on the market, and, for other commodities, payment of Excise Duty is to be effected on the last Sunday of the month.

Thus, economic operators are expected to come forward with their next payments on the 15th of April 2020, or on the 26th of April 2020, as the case may be.

Due to the current prevailing circumstances, economic operators are finding it difficult to honour such payments. For this reason, Government has agreed to the postponement of some due payments.  Subsidiary legislation to this effect has been enacted – S.L.147.

Thus, payments which will become due on the 15th of April 2020, will be deferred to the 15th of June 2020 and payments due on the 26th of April 2020, will be deferred to the 28 of June 2020. Payments which will be due on the 15th of May 2020, will be deferred to the 15th of July 2020 and payments due on the 31st of May 2020, will be deferred to the 26th of July 2020.

Through this measure, Economic operators will be allowed to postpone their payments by two whole months, that is, from April 2020 to June 2020, and from May 2020 to July 2020.