Best VAT Returns Filing Service Dubai UAE
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Who We Are
Who We Are
Although VAT filers may submit the VAT returns themselves, a small mistake may cost rejection of the filing. Filing is a nuanced process with many crucial documents or data points involved. After correction, businesses may miss the deadline when filing for a second submission. This is the reason, businesses need professional agents to assist in VAT filings.
Our agency provides VAT returns filing service in Dubai. We are FTA certified agency with a proven track record of our professionals. Our quality-obsessed team makes sure a business never misses its deadline. We help not only in VAT returns filings but also help in formulating your tax strategy once you have successfully submitted VAT returns.
VAT returns filing law
VAT returns filing law in Dubai and types of Filers
VAT or value-added Tax was introduced in UAE on January 1, 2018. VAT is a tax that businesses collect from customers which are then submitted to the government in the tax filings. While some of the goods and services were zero-rated, VAT was imposed on most of the goods and services. VAT is levied on all sizes of businesses: small, medium, or large corporations.
Once a business registers for VAT, TRN is allocated to the business. Every business registered Under VAT must submit their vat return filing UAE within 28 days. These 28 days are counted after the end of the tax period for business as specified by Federal Tax Authority(FTA). Once a business is registered under VAT, the standard period for filing is 3 months. But in some cases, businesses may file monthly returns.
The VAT incurred by a business depends on the expense of the business in a fiscal year. Once a business registers for VAT, it provides information about input and output VAT throughout the fiscal year. Balance is paid to the government in VAT filling if the output VAT exceeds the input VAT. There are 3 types of VAT fillers. VAT is mandatory to file if your business expense on taxable supplies and imports exceeds AED 375,000. If the same expense is between 185,500 and 375,000. However, a business is not required to file for VAT if the taxable supplies and imports are valued at less than AED 187,500.
VAT returns filling service and other emirates of UAE require professional help from experienced tax agents that have a proven record of error-free Vat fillings.
Importance of VAT
Importance of getting timely VAT returns filing services in dubai
Benefits of Expedient VAT Return filings services
- Law compliance.
- Error-freed records.
- Organized tax documents
- Updated bookkeeping.
- Improved legal status
- Improved business ratings.
Process of VAT
The Process of VAT returns filing in Dubai and UAE
The process of VAT returns filling in Dubai and other emirates follow similar steps. Following are the main steps a business takes to acquire VAT certification in Dubai:
Make an account for VAT fillings on the FTA website.
VAT 201 form through e-services on the FTA portal. Go to E-services on the FTA portal.
Wait for review of documents by FTA.
Submit the form along with the required documents.
Submit the form along with the required documents.
Tax registration number (TRN) allotted
Why Choose Us
Why Choose Us ?
- FTA certified Tax agent.
- Devoted Tax agency.
- Quality-obsessed and meticulous accountants.
- Swift and error-free services.
- Most reasonable price.
- 1000+ customers satisfied.
Creative Strategy
Our Unique Creative Strategy for VAT Returns Filings
- Our team regularly visits premises to collect data and conducts extensive discussions to eliminate any doubts.
- TRN Assessment.
- We prepare your business documents and submit them on your behalf.
- We help in filing out the VAT 2018 form.
- We make sure we meet the deadline given by FTA.
- Follow up till TRN is approved.
- We conduct tax planning with your management once you get the TRN certificate.
- We consistently review the process to reach 100% accuracy.
VAT Returns Filing
Requirements to get our VAT Returns Filing Services in Dubai
The information given to FTA should be 100% accurate, well-presented and formatted. Business owners and filers must make the submission unobjectionable in every way possible to have timely approval. Have a look at the following list of the documents required for VAT returns fillings:
Data required
- For a specific period. The VAT return filing gives information on tax due and refundable amounts.
- Taxable entity must provide data as to output tax payable.
- If the output tax surpasses input tax the output tax, the exceeding amount is refunded by the authority
Documents required
- Copy proof of trade license.
- Copies of passports of business owners and partners.
- Copies of Emirates ID of owner and partners.
- Memorandum of association (MOA) of the company/ power or authority if any.
- Nature of business and its operations.
- Company contact details.
- Company's bank details including IBAN
- The turnover report along with supporting invoices.
- Company stamp.
Get in Touch
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Q & A
FAQs
How do I file a vat return in Dubai?
Once you have made sure you all tax returns requirements, visit eservices.tax.gov.ae and register on the portal.
Who can file a vat return in Dubai?
You have a mandatory legal obligation to register VAT if your business supplies and imports are in excess of AED 375,000 per annum. But if it only exceeds AED 185,500, it is optional to register
Is there a Vat return in Dubai?
Yes, the Vat return depends on the business’s expenses in a fiscal year.
How do I pay my VAT return in Dubai?
You may pay through a credit card or e-Dirham card, Bank transfer, eDebit.
Can I submit my Vat return myself?
Yes, you can submit yourself through the FTA portal. However, it is advisable to hire an agency.
Can I submit my VAT return monthly?
Yes, you may submit quarterly or monthly returns.
Do I need an accountant for the VAT return?
No, but it is advisable to have professional help as it is a complex process.
What is the penalty for late filing of monthly VAT returns?
You are penalized to pay 2% of the unpaid tax immediately after the deadline and 4% on the seventh day. 1% is still charged daily if tax is unpaid after 1 month of the due date.
