VAT Filing Services
Value Added Tax (VAT) was introduced in the United Arab Emirates in 2018 and is now compulsory for businesses with an annual turnover of AED 375,000 or higher. Hence, company owners and investors must comprehend the VAT registration process and the VAT filing method in the UAE.
What is VAT Filing?
Filing a VAT return involves providing details on VAT-related sales and expenses incurred during a specific tax period. This process aids businesses in calculating the VAT payable and initiating refund procedures where applicable.
VAT returns must be filed exclusively through the Federal Tax Authority (FTA) website as offline methods, such as using XML, EXCEL, or other software, are presently unavailable. The FTA website is tailored to accept returns solely through online channels.
What Are The Deadlines to File a VAT Return?
As per their VAT registration certificate or the official tax website dashboard, registered firms are required to regularly submit VAT returns to the FTA within 28 days following the end of the tax month. So, for example, in the case of quarterly VAT returns, for the quarter from May to July, the deadline is August 28th.
Czar Bizserv provides efficient, reliable, and hassle-free VAT return filing services in Dubai, available on both monthly and quarterly schedules. Failure to file VAT returns promptly or submitting incorrect information may result in VAT audits and fines imposed by the FTA.
How Often Should You File VAT Returns?
Businesses must file VAT returns at least once every three months, although some may need to do so monthly depending on their circumstances. The duration of the tax period depends on the annual revenue of the business. For businesses with annual revenue below AED 150 million, the tax period is quarterly.
For businesses with annual revenue of AED 150 million or more, the tax period is monthly. The filing period will be specified on your VAT certificate. All registered businesses must ensure they complete VAT return filing within the timeframe set by the Federal Tax Authority (FTA).
What Are The Deadlines to File a VAT Return?
As per their VAT registration certificate or the official tax website dashboard, registered firms are required to regularly submit VAT returns to the FTA within 28 days following the end of the tax month. So, for example, in the case of quarterly VAT returns, for the quarter from May to July, the deadline is August 28th.
Czar Bizserv provides efficient, reliable, and hassle-free VAT return filing services in Dubai, available on both monthly and quarterly schedules. Failure to file VAT returns promptly or submitting incorrect information may result in VAT audits and fines imposed by the FTA.
What do we offer?
Czar Bizserv’s VAT experts offer comprehensive support with VAT return filing:
- Our VAT specialists will contact your company monthly or quarterly to collect and organize financial data for VAT return filing.
- At the close of each VAT return period, Czar Bizserv will meticulously prepare and submit your VAT return in accordance with FTA regulations.
- We ensure the timely submission of VAT returns for each tax period.
- Czar Bizserv guarantees that all financial activities of your company adhere to VAT laws mandated by the FTA.
- We meticulously review and verify VAT-related transactions to ensure accurate calculation of output tax on sales and correct claiming of VAT from suppliers.
- Czar Bizserv offers insights and recommendations based on the latest VAT trends and updates to maintain compliance and prevent VAT fines from the FTA.
- We conduct random reviews of your accounts and document maintenance to ensure VAT compliance.
- Our VAT experts are available to represent your company during VAT audits by FTA representatives, if necessary.
Czar Bizserv offers comprehensive coverage of all VAT-related matters. Our top-notch VAT services are designed to steer businesses in the right direction, helping them avoid VAT fines and penalties. With our reliable and timely VAT return filing services, we assist numerous companies across the UAE. Let Czar Bizserv take care of all your VAT concerns. Contact us now for VAT return filing services & VAT registration services!
