VAT Return Filing & Compliance in UAE, It’s imperative that all entities should be with VAT compliant and should follow the perfect VAT rules and regulations with the maintenance of books of accounts, software and other mandatory procedures

The procedure for VAT return filing in the United Arab Emirates comprises of the followings:

Business verifications:

Review and verify VAT related transactions which recorded by the Entity during the tax period to ensure that correct VAT amount is a charge on sales as Output tax and that VAT charged by the supplier is correctly claim and accounted.

Also, Authority will do Random verification of the VAT transactions on selected operations. It is fulfilling compliances as per the provisions of the Value Added Tax Laws applicable in the United Arab Emirates. Such samples shall be selected based on our risk assessment and auditing practices.

Compliance on Record Keeping:

For VAT Return Filing & Compliance in UAE A random review of document resources by the entity as per the guidelines provided by the Federal Tax Authority in the United Arab Emirates to ensure that compliance adheres.

Compliance on VAT Returns Filing in UAE:

Preparing VAT Returns as per the regulations issued by the Federal Tax Authorities, in the ordered format. Such returns shall be adjusted based on accounting records maintained by the entity.

Aiding and advising on VAT Return filing in UAE with Federal Tax Authority. This formal submission from the entity at the prescribed portal assigned by the Federal Tax Authority.

Correction in Returns

Correction of deviations made in previous return period can be carried out. The taxable person must disclose this error to the FTA within 30 days of becoming aware of this error and include in the Tax Return to be submitted immediately after noticing and correcting the error.

The penalty of Late Filing in Returns

VAT Return Filing & Compliance in UAE Late filing of return may attract penalty. The government of UAE penalty will not be less than 500 Dirhams but not exceeding three times the amount of tax in respect of which the administrative penalty was left.