02 Apr Monthly VAT Returns for newly established businesses starting April 1, 2025

The Independent Authority for Public Revenue (AADE) will implement a change in the frequency of VAT return submissions for newly established businesses starting April 1, 2025. From that date, all new businesses—regardless of whether they follow a Single Entry or Double Entry Bookkeeping system—will be required to submit monthly VAT returns for the first two years of operation.

Who Is Affected

• Businesses established from 01/04/2025 onwards:
  Mandatory monthly VAT returns from the start of operations.
• Businesses established between 01/01/2024 and 31/03/2025:
  Monthly VAT submission begins on 01/07/2025.
• Businesses established by 31/12/2023:
  They have the option to switch to monthly VAT returns starting 01/10/2025.

Option to Return to Quarterly VAT Filing

After completing the first two years of operation:

• Businesses with Single Entry Bookkeeping (e.g., general partnerships, limited partnerships)
  can choose to continue with monthly submissions or switch back to quarterly VAT filing.
• Businesses with Double Entry Bookkeeping
  are required to continue monthly VAT submissions.

Note: Any change in the frequency of VAT submissions (monthly or quarterly) is binding for at least 12 months.