Office 804, Park Lane Tower, Business  Bay Dubai, UAE

VAT Return Filing in Dubai

  1. Home
  2. »
  3. Services
  4. »
  5. VAT Return Filing in Dubai

VAT Return Filing Services In Dubai

The VAT return filing is the essential component of VAT compliance in the United Arab Emirates. The Federal Tax Authority (FTA) mandates it, to keep a record of paid and collected VAT by the registered business. We are offering professional VAT Return Filing Services in Dubai that proficiently handle all your VAT affairs and complexities. Whether your business is located in Abu Dhabi, Sharjah, Dubai, or any other Emirate, it is best to be VAT compliant to avoid any unnecessary penalties in the future.

What Is VAT Return Filing?

A VAT return is simply a report to the tax authorities on how much VAT the taxpayer needs to pay or refund. An entity’s net output tax must be paid to the relevant authorities if its input tax exceeds its output tax. Conversely, if an entity’s input tax exceeds its output tax, the FTA must refund the excess amount to the entity. In most cases, VAT returns are filed quarterly in order to keep a track of the financial health of a company.

A Taxable Person is required to report details such as sales and other outputs, as well as purchases and other inputs, for each Tax Period. In the VAT return filings in Dubai, the figures are reported related to standard-rated, zero-rated, exempt categories, reverse charge, export, and import transactions.

Is It Mandatory For Entities To File VAT Returns In The UAE?

The UAE requires all taxable businesses managed on the UAE mainland as well as free zones, to file their VAT returns. Business owners will be assigned a Tax Registration Number (TRN) once they have applied for VAT registration. VAT Return must be submitted within 28 days after the end of your tax period.

The VAT certificate indicates whether a business should file VAT returns monthly or quarterly. All registered businesses file their VAT return depending on the turnover as per FTA defined criteria. The threshold for monthly VAT return filing in Dubai, UAE is above AED 150 million and quarterly VAT return filing is below AED 150 million.  VAT penalties may be imposed if a taxable entity fails to submit VAT returns and tax payments on time.

Why Do Businesses Make Errors In VAT Return Filling In Dubai?

Many individuals and corporations make mistakes while filling their VAT return as per FTA standards. This may result in heavy VAT fines and sanctions by the UAE regulatory authorities. There could be many reasons behind it such as having no knowledge of VAT laws, an inappropriate accounting system, improper tax strategy, errors in VAT calculations, and last but not least failure to issue valid tax invoices to the business partners. A company must avoid these mistakes by hiring professional VAT Return Filing Services in Dubai, United Arab Emirates.

Read more: VAT Registration Services in UAE

How To File VAT Return In UAE?

The registered company in any Emirate will need to submit a comprehensive report on supplies made and received for each Tax Period. This needs expertise and perfection to file the VAT return as per UAE VAT laws and regulations. It is advisable to take professional VAT Return Filing Services in Dubai and manage sales and other outputs as per Federal Tax Authority (FTA) standards.

Read more: VAT Fines and Penalties in UAE

1- Log In To Your Registered Account

First of all, the applicant or any other person on the taxable person’s behalf should go to FTA online portal. Login to your e-service account by registered email address and password. Now you can fill out your VAT return and provide evidence to the tax authorities that your tax handling has been authorized.

2- Access To VAT Return Form

The second step of VAT Return Filing in Dubai is to access Form VAT 201 by entering the values for sales, purchases, input & output VAT, and other transactions. There are seven appropriate sections that should be filled such as

  • Detail of Taxable Person Details
  • VAT Return Period
  • All output & sales that are subject to VAT
  • VAT on expenses & other inputs
  • Net VAT Due
  • Essential reporting requirements
  • Declaration for Authorized Signatory

Our team of tax experts helps you in managing all required information for VAT Return Filing in Dubai as per state laws. They complete the entire form and submit their return within the due date specified by the FTA.

1- Submit Return File

The last and most significant step is to submit the VAT return filing on the official portal of FTA. But before clicking the button you must review all mandatory requirements entered in the form and also assure the declaration. It is essential to avoid any mistake in filling and safeguard revenues from unexpected VAT penalties.

Advantages Of VAT Return Filing Services In Dubai

Outsourcing the VAT Return Filing Services in Dubai, Sharjah, Abu Dhabi, and any other Emirate is the best option to follow regulations. Our VAT consultants in UAE have expert knowledge of authorities and have years of experience in all major industries. The support and guidance in your VAT return will benefit you in many ways. As mentioned below:

  • Opportunity for saving excess VAT amount
  • Verify all VAT-related transactions
  • Boost your company’s status
  • Compliance with transactions with VAT laws
  • Partners feel confident in deals
  • Less chance of mistakes in filings
  • Safeguard revenues from VAT penalities

BestaxCA Assist Businesses In VAT Return Filing

If you are worried about filing your VAT return according to FTA standards, then bestaxCA is the perfect solution. The BestaxCA is a team of dedicated financial advisors and VAT experts in Dubai. We offer a wide range of VAT services such as VAT Registration, VAT return Filing, VAT refund, VAT De-registration, VAT Pre-Audit Health Check, VAT Consultancy UAE, VAT FTA Audit Assistance, VAT Penalties Reconsideration and VAT Penalties Waiver Applications. We offer VAT return filing services in Dubai to all our national and international clients. Our VAT consultants timely review all your required information on a monthly and quarterly basis. We ensure all tax laws and regulations must be followed during all financial operations of your business. They guide you with their expert knowledge of VAT Return filling in accordance with the VAT law. Get in touch with the country’s top tax consultants in UAE.

Request a Free Call Back

More Services

OUR Testimonials

Our latest Testimonials

However, I was the head of the finance department yet still found it difficult to conduct a financial audit in accordance with UAE regulations. Although, due to the competence and experience of BextaxCA's qualified auditors, all my concerns have been resolved

ylie Johnson

Accounts Manager, Abu Dhabi, General Trading Company

I utilized BestaxCA's accounting and bookkeeping services for my retail business in Abu Dhabi. It was fascinating to observe how they handled the finances. They provided me with out-of-the-box accounting solutions, which were really useful

Abdul Kaleem

Finance Manager, Dubai, Manufacturing Company

As per FTA requirements, the Bestax Chartered Accountants in UAE assisted me with VAT registration and filing. I personally consult with their tax experts to ensure they have the expertise necessary to provide timely answers

Abdul Kaleem

Finance Manager, Dubai, Manufacturing Company

I was so happy with the BextaxCA's services that I decided to use them for my personal tax planning and return filing. They really know their stuff when it comes to taxes!

Dwayne Perkins

Accounts Manager, Dubai, Services Provider

Request a Free Call Back

Drop your contact details and requirements and we will arrange a free consultation call for you.

Free 30 Days Trial

 We provide a free 30 days trial, No upfront payment! If you are not satisfied with our services, you don’t pay anything

Free 30 Days Trial

 We provide a free 30 days trial, No upfront payment! If you are not satisfied with our services, you don’t pay anything