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Value Added Tax (VAT) is an indirect tax on the consumption of goods and services at every stage of the supply chain. The UAE introduced VAT from January 1, 2018, in the form of a standard rate of 5%. The Federal Tax Authority (FTA) governs VAT compliance, registration, filing, and payment regulations. UAE business entities need to comply with VAT regulations to prevent penalties and legal proceedings.
With turnover over AED 375,000 annually are mandatorily required to register for VAT. Voluntary registration is permitted for with turnover over AED 187,500. VAT service assist in VAT registration, proper documentation, and compliance with FTA guidelines
Required to file VAT returns at periodic intervals, say quarterly or monthly. Filing VAT returns properly to avail proper input VAT and meet deadlines.
Required to comply with VAT laws through proper records and adherence to FTA guidelines. Provide expert advice in VAT compliance, record-keeping, and tax planning to minimize VAT liabilities.
Proper VAT-compliant accounting is mandatory. VAT service provide bookkeeping services with proper tax calculation, invoice processing, and audit preparation.
FTA may conduct audits to determine VAT compliance. VAT professionals assist in audit preparation, including proper documentation and compliance with taxation laws.
Tourists may be eligible for VAT refund. VAT service assist in filing refund claims and ensure the company meets the FTA refund requirements.
Most businesses need training for the implementation and compliance with VAT laws. We organize workshops and training sessions for businesses and accountants.
Introduction to VAT Return Filing Dubai, UAE Value Added Tax (VAT) return filing is an essential requirement for businesses operating in Dubai, UAE. The Federal Tax Authority (FTA) mandates registered businesses to submit VAT returns periodically, ensuring compliance with tax laws. Filing VAT returns accurately and on time helps businesses avoid penalties and maintain smooth operations. Understanding the VAT return filing process, its requirements, and best practices can aid businesses in fulfilling their tax obligations efficiently.
VAT returns are typically filed quarterly. Some businesses may be required to file monthly based on their turnover or at the discretion of the FTA.
Access the FTA portal and log in using your tax registration credentials.
Fill in VAT Return Form VAT 201, which includes sections such as:
Taxable Sales and Purchases
Output VAT (VAT collected on sales and services)
Input VAT (VAT paid on eligible business expenses)
Net VAT Payable or Recoverable
Compute Net VAT Liability
If Output VAT > Input VAT, the difference is payable to the FTA.
If Input VAT > Output VAT, the excess is either refundable or can be carried forward to future returns.
Submit and Pay
Review all details carefully before submitting the form.
Payment can be made online via the FTA portal, bank transfer, or other approved methods.
Timely VAT registration and renewal.
Accurate VAT return filing and payment.
Proper record-keeping and invoicing.
Adherence to VAT laws and regulations.
Get personalized guidance and solutions for all your VAT needs
