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VAT Return Filing in Dubai, UAE

A Value-Added Tax (VAT) Return is a document that businesses are required to file with the government to report their VAT liability. VAT is a tax on the sale of goods and services. And businesses are required to charge VAT on the goods and services they sell and pay the VAT collected to the government. To file a VAT return, businesses need to gather information about their sales and purchases. Including the amount of VAT charged and paid. The VAT return must be filed with the government regularly, typically quarterly or monthly, depending on the country. MASAR Chartered Accountants Is the FTA Approved Tax agency in UAE. If you need any help regarding VAT Return Filing Services in UAE. We are always available for you.

When filing a VAT return, businesses must report the total value of their sales. The total amount of VAT charged, and the total amount of VAT paid on purchases. If the amount of VAT paid is greater than the amount of VAT charged. The business can claim a refund from the government. If the amount of VAT charged is greater than the amount of VAT paid, the business must pay the difference to the government.
VAT returns must be filed accurately and on time, as failure to do so can result in penalties and fines.

VAT-Return-Filing-in-UAE

How to file VAT Returns in the UAE?

In the United Arab Emirates (UAE), businesses are required to file VAT returns regularly, typically monthly or quarterly. Here are the steps for filing a VAT Return in UAE:

Gather the necessary information: This includes information about the business’s sales, purchases, and VAT liability.

Register for VAT: Businesses must register for VAT with the Federal Tax Authority (FTA) if they are eligible. Eligibility is based on the business’s taxable supplies and imports.

File the VAT Return: Businesses can file their VAT return online through the FTA’s e-Services portal. The VAT return must be filed by the due date, which is typically the 28th of the month following the end of the tax period.

Pay any VAT due: If the business owes VAT, it must pay the amount due by the due date. Payment can be made online through the FTA’s e-Services portal or at a designated bank.

Keep records: Businesses must keep accurate records of their sales and purchases, as well as their VAT returns, for a minimum of five years.
By following these steps, businesses can ensure that their VAT returns are filed accurately and on time in the UAE.

Requirements for Filing VAT Return?

A taxable entity, or a business that is required to charge VAT. Must provide certain information in their VAT return. This typically includes:

  • The total value of taxable supplies made during the tax period (sales).
  • The total value of exempt supplies made during the tax period.
  • The total value of supplies made to other VAT-registered businesses in other GCC states.
  • The total value of imports of goods and services.
  • The total VAT is due on taxable supplies and imports.
  • The total VAT is recoverable on purchases.
  • The total VAT payable (VAT due minus VAT recoverable).
  • Any relevant adjustments, such as errors in previous VAT returns.
  • The VAT return must also include information about the business’s VAT registration number and the tax period being reported.
  • By providing this information, the taxable entity can accurately report its VAT liability to the government.

How MASAR helps you…

MASAR is a Certified and approved Agency by the Federal Tax Authority (FTA) in the United Arab Emirates (UAE) to help businesses conduct self-reviews of their VAT compliance. By using our services:

Review their VAT compliance: Businesses can use MASAR to review their VAT compliance. And identify any errors or omissions in their VAT returns.

Submit a voluntary disclosure: If a business identifies any errors or omissions in their VAT Returns in Dubai. They can use MASAR to submit a voluntary disclosure to the FTA. Voluntary disclosure allows the business to correct any errors or omissions and avoid potential penalties.

View and update their VAT registration details: Businesses can use MASAR to view and update their VAT Registration details. Such as their business name, contact information, and bank account details.

With MASAR, businesses can ensure that their VAT compliance is up to date and avoid potential penalties for non-compliance.

We are offering professional VAT services in the UAE, Including: