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14.3. Calendar of Important Compliance Events

Tax Year

The tax year is the calendar year in Eritrea.

Tax Return Filing

Tax returns are filed based on special forms provided by the tax authorities. Tax returns are required to be filed by 31 March of the year following the end of tax year.

Tax Payments

Tax is required to be paid within 4 months from the end of the accounting year for which the tax is due, where the taxpayers are required to file a balance sheet and profit and loss statement with the tax authority.

Tax is required to be paid within 2 months from the end of the accounting year for which the tax is due, where the taxpayers are required to file a summary of daily revenue and expenses with the tax authority.

Tax is required to be paid within 1 month from the end of the accounting year for which the tax is due, where the taxpayers are not required to maintain any books of accounts.

Availability of E-Filing

NA

COVID-19 Emergency Measures

The African Tax Administration Forum (ATAF) has published suggested measures for revenue authorities to help manage the impact of the COVID-19 pandemic, including the extension of deadlines for filing tax returns, relief on tax installment deadlines, suspension of interest and penalties, etc.

Eritrea has set up an information center for health education and awareness regarding the pandemic, which also serves as a real-time information sharing platform. Further, financial support is extended to citizens residing in specified affected areas. However, Eritrea has not yet granted any tax relief measures in response to the COVID-19 pandemic.