UAE VAT Return Filing Services

UAE VAT Return Filing Services

After registering for VAT in the UAE, the tax registrants are required to file a VAT return and make the VAT payments within 28 days from the end of their tax period. Tax Gian, a brand of Jitendra Tax Consultants (JTC) can assist the tax registrants with bespoke VAT return filing services in the UAE.

Every VAT registrant is obligated to report the VAT collected and paid by it to the Federal Tax Authority (FTA). The UAE VAT file return is a document that serves this purpose and hence it is an important compliance requirement.

Failing to file a VAT return in the UAE or submitting inaccurate details may attract hefty VAT penalties. Tax agents in the UAE can help you meet the compliance requirements and avoid the consequences of inaccurate tax return submissions.

What you must report in a UAE VAT Return?

As per the FTA’s VAT Return User Guide, each tax registrant should report the following things in a VAT return filed in the UAE:

  1. a) With respect to sales and other outputs:
  • Supplies of goods and services made that are subject to the standard VAT rate per Emirate
  • Tax refunds you have provided to tourists under the Tax Refunds for Tourists Scheme, if you are a retailer and provide tax refunds to tourists in the UAE under the official tourists refund scheme
  • Supplies of goods and services received by the Taxable Person that are subject to the reverse charge mechanism
  • Supplies of goods and services made that comes under the zero rate of VAT in the UAE
  • Supplies made that are exempt from VAT in the UAE
  • Goods imported into the UAE and have been declared through UAE customs
  • (Where applicable) Adjustments to goods imported into the UAE and that have been declared through UAE Customs

b). With respect to purchases and other inputs:

  • Purchases and expenses that were subject to the standard rate of VAT and for which you would like to recover VAT
  • Supplies that were subject to the reverse charge for which you would like to recover input tax

Our Role in the UAE VAT Return Filing Services

Being one of the regulated and approved tax agents in the UAE, Tax Gian assist you in the following services

  • Gathering and compiling the client’s complete financial information for filing the UAE VAT return
  • Preparing the VAT return at the end of each tax return period regulations on behalf of the client as per the UAE VAT Law and FTA
  • Ensuring the VAT return is filed within the specified timeframe
  • Reviewing and verifying all the tax-related transactions to ensure correct VAT amount is being charged
  • Providing timely advice and recommendations to help the client avoid any type of VAT administrative penalties in the UAE
  • Reviewing the client’s books of accounts and documentation process to ensure compliance with VAT in the UAE
  • Assist the client in case the FTA initiate a tax audit in the UAE

Key Information to Include in a VAT Return Filing

Being the leading providers of UAE VAT return filing services, Tax Gian recommends the following information should be included in the tax return:

  • The name, address and the TRN of the Registrant
  • Tax Period related to the VAT Return filing
  • The date of submission of UAE VAT Return
  • Value of Taxable Supplies made by the Person in the Tax Period and the Output Tax charged and Emirates-wise
  • Value of Taxable Supplies subject to the zero rates made by the Person in the Tax Period
  • The value of Exempt Supplies made by the Person in the Tax Period.
  • The value of any supplies subject to Clauses (1) and (3) of Article (48) of the Decree-Law (Reverse Charge)
  • The value of expenses incurred in respect of which the Person seeks to recover Input Tax and the amount of Recoverable Tax.
  • The total value of Due Tax and Recoverable Tax for the Tax Period.
  • The Payable Tax for the Tax Period

Tax Gian Offers Best VAT Return Filing Services in Dubai, UAE

Filing VAT returns in the UAE is a mandatory requirement, and any compliance failure will have dire consequences, including hefty penalties. Tax Gian offers bespoke VAT return filing services in Dubai, through which you can ensure tax compliance.  We are one of the leading tax agents in the UAE, and we have been approved by the Ministry of Economy (MoE). Tax Gian’s seasoned tax experts can successfully help all types of businesses submit VAT returns in the UAE. Tax Gian can provide you with our guidance, support, execution, and resolution of all your challenges, based on the provisions and guidelines issued by the UAE FTA.