VAT Return Filing Services in UAE
Filing of VAT return is mandatory for all those who are registered for VAT, irrespective of the type of sales, purchases, tax, VAT registration, etc. BOOKBLISS helps individuals and business to file VAT return in UAE in addition to providing various other VAT services. Rendering the best guidance and assistance for your VAT Return in accordance with the UAE VAT law, BOOKBLISS offers error-free VAT Return filing with proper maintenance of accounting documents related to each tax filing.
VAT Filing
VAT Return filing is the official tax report a registered business must submit to the Federal Tax Authority before the due date. It is to be done by the taxable person at regular intervals in compliance with their tax period. The VAT Return Filing Form records details of the output tax due, the input tax to be recovered, and other essential information in the prescribed format.
VAT return filing is not just proof of your business’s existence but can safeguard your business by providing legal assurance and advantages in tax payments, helping to avoid financial loss.
F A Q
Frequently Asked Questions on File VAT Return in Dubai
What is the due date to submit VAT return in UAE?
The last date to file VAT return is on or before the 28th day of the month, subsequent to the end of the concerned tax period. If the 28th day falls on a Friday or Saturday or on a national holiday, the due date would be the following first business day.
I supply goods which are taxable at 5% VAT and export goods to different countries. How should I declare the details in the VAT return form?
The VAT return form has separate columns for both standard-rated supplies (5% VAT) and zero-rated supplies. In your case, the 5% taxable supplies will be included under the ‘Standard Rated Supplies’ pertaining to your emirate and exports generally under ‘Zero-Rated Supplies’. Also note, there are conditions to be met if the exports are to be considered at zero-rate VAT.
My input tax amount is more than the output tax. How will I adjust and declare in the VAT return?
In the above case, it will result in VAT refundable. You can opt for either option (1) carry forward the refundable amount to the next VAT return period, (2) claim refund – FTA would require 20 working days on submitting the application
What will be the consequence of not filing the VAT return?
This violation will lead to administrative penalties levied by the authority.
If I don’t have any sales and purchases during the tax period, what should I do?
If there are no business transactions for the concerned tax period, you are required to submit a NIL return on or before the due date, to avoid administrative penalty.
Who is liable for monthly and quarterly returns submission?
Large taxpayers are liable for monthly returns as well as small and medium taxpayers are required to submit quarterly returns.
What is an advantage for a company to register for VAT?
Being a VAT registrant, businesses can claim the VAT paid on expenses or purchases.