VAT Return Filing in Dubai

Best VAT Return Filing Services in Dubai ,United Arab Emirates

VAT Return Filing in Dubai

At the end of each tax period, VAT registered businesses or the ‘ Taxable persons ’ must submit a ‘ VAT return ’ to Federal Tax Authority (FTA).

We assist Business with their VAT Return Filing , Reach us for your queries regarding VAT Return filing in Dubai .

VAT Return Filing in Dubai

At the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return to Federal Tax Authority (FTA).

What is VAT Return Filing ?

A VAT return summarizes the value of the supplies and purchases a taxable person has made during the tax period, and shows the taxable person’s VAT liability.

Taxable businesses must file returns with FTA on a regular basis and usually within 28 days of the end of the ‘tax period’ as defined for each type of business.

A ‘tax period’ is a specific period of time for which the payable tax shall be calculated and paid. The standard tax period is: Quarterly or Monthly

On a monthly and quarterly basis, we provide high-quality and fast VAT return filing services in Dubai. Using the FTA e-Services platform, all VAT returns must be submitted electronically. If your business fails to file  on time or submits an incorrect return, the FTA will conduct a VAT audit and impose VAT fines. VAT201 is the form that is used to submit the VAT return.

At RVG, We Can Help You File VAT Returns Correctly.

How to File VAT Return in Dubai?

VAT return shall be submitted online through FTA e-services portal. Details required for the same are :

  1. The name, address and TRN of the registrant.
  2. The Tax Period to which the Tax return relates.
  3. The date of submission
  4. The value of taxable supplies made by the Person in the Tax Period and the output tax charged.
  5. The value of taxable supplies subject to the zero rated supplies.
  6. The value of the Exempt Supplies made by the Person in the Tax Period
  7. The value of any Supplies subject to clauses (1) and (3) of article (48) of the Decree law.
  8. The value of expenses incurred in respect of which the person seeks to recover input tax and the amount of recoverable tax.
  9. The total value of due tax and recoverable tax for the tax period.
  10. The payable tax for the tax period

Things to Consider while filing VAT Return in Dubai

VAT Return Filing in Dubai

When filing a VAT return in Dubai, there are several things to consider to ensure that the process goes smoothly and that you are in compliance with the regulations.

  1. Accurate record keeping: Ensure that you have accurate records of all your sales and purchases, including invoices, receipts, and any other relevant documentation. This will help you to correctly calculate your VAT liability.

  2. Deadlines: Be aware of the deadlines for filing your VAT return and ensure that you submit it on time to avoid penalties.

  3. Correct VAT rate: Ensure that you are charging and claiming the correct VAT rate for your goods and services. In Dubai, the standard VAT rate is 5%.

  4. Claiming input tax: Make sure that you are able to claim input tax on any VAT paid on purchases that are related to your business.

  5. Keep all the invoices: Keep all the invoices of your purchases and sales for at least 5 years from the date of submission of the return.

  6. Don’t forget to file: It is important to file your VAT return on a regular basis, even if you don’t owe any VAT, as not filing will result in penalties.

  7. Hire professional: If you are not familiar with the VAT return process or have any doubts, it is advisable to hire a professional tax advisor or accountant to assist you.

  8. Keep updated with changes: Be aware of any changes to VAT regulations and ensure that you are in compliance with them.

Why RVG ?

  1. RVG have become masters of VAT filing in UAE
  2. We understand the business goals of the organization before we start any engagement with clients
  3. Ensure All the Compliance all the time
  4. Free Consultation*
For Enquiries Related to VAT Return Filing Phone : +971 56 679 6910
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