VAT Return Filing Services in UAE
Once you got registered for VAT in the UAE you need file your VAT return (Input & Output Tax)& the corresponding VAT payments within 28 days of the top your tax period .
The UAE VAT Act specifies that the VAT return must include all the details required as per request of the FTA.
Filing VAT return in the UAE is a digital or web process to be done through FTA portal.For the time FTA does not accept any VAT return filing offline .The companies registered for VAT in the UAE are required to file return on Form-VAT 201, all the (VAT) registered companies can use the form at the end of the tax period. In case you are not sure about the procedure, VAT laws, or any other things which is related to VAT in the UAE you can hire some professionals like us.
VAT return filing in the United Arab Emirates should be submitted in every 3 month period ( The 3 month period varies from company to company). As we mentioned that the VAT return should be submitted through Form-VAT 201 , you need to keep some important things in your mind.
1. The figures booking in the portal should be in AED
2. No columns should be missed without figures
3. The amount booking in the portal should be rounded off to the nearest fills .
Post your figures, the details on the VAT return form , the total amount to be paid will be calculated automatically. In case the payable value is in negative , the tax payer has two options
- Either you can forward to the next tax period
- Nor you can apply for receive as refund.
The registered company must file VAT return to the FTA before 28th day after the end of each tax period or any other date which FTA specifies on the portal. Payable VAT should be remitted to the FTA within the same timeframe.
What if you fail to submit VAT return on time?
Failure to act in accordance with UAE VAT return filing law will result in huge fines and penalties from the authority. Some of the VAT administrative penalties associated with UAE income tax returns are:
A fine of AED 1,000 will be imposed for the first time on a VAT registrar who fails a VAT return within the time frame set by FTA. If the offense repeated, the FTA will impose a fine of AED 2,000.
In case you filed VAT on time but with some mistakes , the next step you need to do is Submission of Voluntary Disclosure(VD) FTA rules says that you must pay the following penalties if this is the scenario.
*AED 3,000 will be imposed on the first time and 5,000 for the next.
Pricing and Packages
| Transactions up to 500 per month –Plan 1 | Transactions 500plus per month –Plan 2 | |||
| With software report | Without Software (Manual calc) | With software | Without Software (Manual calc) | |
| AED 350 per Quarter | AED 500 per Quarter | AED 500 | AED 750 | |
| We will take report from any software using by the VAT registrant & will submit VAT according to UAE VAT Law. | We will calculate input & output VAT, will make a summary and Submit it quarterly & will provide VAT quarterly report | We will take report from any software using by the VAT registrant & will submit VAT according to UAE VAT Law. | We will calculate input & output VAT, will make a summary and Submit it quarterly & will provide VAT quarterly report | |
| VAT Advisory | VAT Advisory | |||
Scope & Benefits
- We will file the VAT return for the due quarter according to FTA Law ,
- Our team will make sure to book the Output VAT for your taxable supplies in specified & systematic manner
- Expenses to be booked accurately
- Analyzing the transactions and making sure about Categories like Zero rated supplies , exempt Supplies , Out of Scope ,Reverse charge mechanism etc…
- Also we will take in to consideration about Import of goods if any
We (Fanavi Accounting & Tax Consultants) Provide VAT returns filing services in the UAE. We will help you to submit or file your Input Output VAT on the FTA portal. Our team of experts will analyze your Accounting & VAT system and we will advise that how to go ahead without getting any penalties from FTA. . For VAT returns filing services in the UAE – Contact us