VAT Return Filing Services in Dubai UAE

VAT Return Services:

A VAT Return is a periodic report that companies file with the tax authorities, outlining the amount of VAT paid on purchases and the amount of VAT collected on sales. In essence, it provides an overview of all VAT transactions for a certain time frame.

How to file for VAT Return in UAE through online?

1.	Launch a web browser and navigate to https://www.tax.gov.ae/, the official FTA website.
2.	Select the “Login” option located on the FTA homepage. You might have to register as a taxpayer first if you don’t already have an account.
3.	From the menu or dashboard, choose “VAT” or “VAT Services” after logging in.
4.	Search for the “File VAT Return” or “Submit VAT Return” option. To continue, click on it.
5.	A screen asking you to select the VAT return period you wish to file for will appear. The frequency of this might be quarterly, yearly, or monthly, based on your tax liabilities. Decide on the right time frame.
6.	You’ll be taken to a form that has to be filled out for a VAT return. You must fill out this form with information about your purchases, sales, input tax, output tax, and other relevant information.
7.	Verify the correctness of the data you’ve submitted by carefully reviewing it. Errors of any kind may result in consequences or difficulties.
8.	Use the web portal to submit the VAT return if you are certain that all the information is correct.
9.	The site may produce payment details, such as the amount owed and the available payment options, if your VAT return shows that you owe VAT to the FTA.
10.	Follow the FTA’s instructions to make any VAT payments that you owe. Frequently, payments may be done online using the same gateway.
11.	A confirmation of submission ought to be sent to you after your VAT return has been filed. This confirmation should be kept on file.
12.	Check your account on the FTA portal periodically for alerts, changes, or any new requirements.
13.	Maintain complete records of all of your VAT filings, returns, and payment receipts for the duration that the FTA specifies as needed for preservation.

Tips for Filing a VAT Return:

1.	Maintain thorough records of the things you buy and sell. This will assist you in precisely determining your VAT dues.
2.	Send in your VAT returns on schedule. Penalties may apply for late submission.
3.	Remit your VAT obligation on schedule. Penalties and interest may be incurred for late payments.
4.	Become knowledgeable with the VAT laws. A comprehensive guide on VAT filing is among the many resources on VAT available on the FTA website.

How can Mubarak Al Ketbi Chartered Accountants help you File for a VAT return in the UAE?

Mubarak Al Ketbi Chartered Accountants is a leading Accounting & Auditing company in the United Arab Emirates. We provide services in accounting, auditing, corporate tax, liquidation & more! With more than 2000 satisfied customers and more than 20 years of expertise. Book a meeting with us, Read our other articles on VAT or Contact Us, and we guarantee you an excellent experience.