Finance Minister Yassin Jaber issued two decisions extending the deadlines for submitting a set of annual returns and financial statements and paying taxes due for the year 2025, with the aim of facilitating procedures for taxpayers and ensuring their compliance with the new legal deadlines.
The first decision: lump sum profits and excluded institutions
The first decision includes extending the deadlines, including March 16, 2026, for submitting the following returns and paying the tax due on them:
Electronic returns: for those charged with income tax on the basis of lump sum profit, which include “Personal Declaration (P1),” “Statement of Income and Expenditures (P3),” “Declaration Not to Practice Work (M7),” and “Statement of the Owner of the Economic Right (M18).”
Paper declarations: for institutions excluded from income tax (other than companies) that adopt the cash system (C2), and “the annual declaration of the amounts subject to tax in Articles 41 and 42 of the Income Tax Law (C5).”
The second decision: salaries and wages tax
While the second decision extends the deadline, inclusive, until March 31, 2026, for submitting annual returns and statements related to income tax on salaries and wages for the year 2025, which are:
- “Annual declaration (R5).”
- “Individual annual statements (R6).”
- “Total annual statement (R7).”
- Pay the tax due, if any.
The two decisions stipulated that they should be notified wherever necessary, and published in the Official Gazette and on the official website of the Ministry of Finance.
