VAT Filing in UAE

VAT Return Filing Services in UAE

Efficient VAT return documentation stands as a cornerstone within the VAT framework, serving to report VAT registration and payments made by entities to the tax authority during specific periods. In the United Arab Emirates (UAE), VAT-registered entities can leverage the online portal provided by the Federal Tax Authority (FTA) to submit VAT returns, utilizing the designated Form VAT201.

When should a VAT return be filed by a taxable entity in the UAE?

Taxable entities in the UAE are required to file VAT returns periodically. These returns must be submitted no later than the 28th day of the month following the tax period specified by the tax authority. Additionally, the entity is obligated to remit the due tax amount to the tax authority within the prescribed timeframe according to UAE VAT laws, typically within 28 days after the designated tax period concludes.

How can we assist you in filing your VAT return?

At Simply Solved, our team comprises tax experts dedicated to providing comprehensive support and guidance in filing your VAT return. We facilitate the process by:

• Collecting necessary information and records from your premises at regular intervals for VAT return filing.

• Ensuring timely preparation and submission of the VAT return on your behalf by UAE VAT laws.

• Offering advice and guidance regarding tax liability payments as per VAT regulations.

• Ensuring compliance with the specified timeframe mandated by the FTA for VAT return filing.

• Conducting appropriate tax planning strategies tailored to your business entity.

How to file VAT returns in the UAE?

Any taxable individual in the UAE can file their VAT returns through the FTA's online portal. To initiate the process, the individual must access Form VAT201 by logging into the FTA's e-services portal using their designated username/email address and password. Our team of tax professionals will assist you in completing the entire form and filing the return by the deadline stipulated by the FTA.

What information is required by the taxable entity in the VAT return?

The VAT return in the UAE necessitates providing information regarding the amount of tax due or refundable for the specific tax period. The taxable individual must furnish details regarding both output tax payable and input tax recoverable.

Output tax includes:

• Tax liability on standard-rated supplies (5%), categorized by emirate.

• Tax on goods imported from outside the UAE (imports) via customs.

• Tax on services rendered from outside the UAE.

• Tax on goods purchased outside the UAE with no associated tax liability.

• Tax refunds applicable to visitors to the country.

Input tax includes:

• Tax incurred on standard-rated expenses.

• Tax levied on standard-rated purchases of goods.

• Tax on goods purchased outside the UAE.

• Tax on services rendered outside the UAE.

By accurately reporting these elements in Form VAT201, entities ensure compliance with UAE VAT regulations while effectively managing their tax obligations.