Requirement for VAT return filing in UAE

As per UAE VAT law taxpayers should file VAT returns with Federal Tax Authority on a quarterly basis, and paid as per the procedures specified in the VAT legislation.

VAT returns should be filed in a format that explains the details of input tax and output tax and some other information required for the VAT returns filing.  Books of accounts should be organized and must be in a standardized. VAT Return will be filed by the taxable person or the person who is authorized to submit VAT Return on behalf of the taxable person like a VAT agent in UAE.

Also Read: Output VAT Adjustments

A taxable person should submit below mentioned details to tax experts to file VAT returns in UAE:

Details of the taxable person

The details that have to be submitted include tax registration number, name, and address of the taxable person.

Duration of VAT return period

There’s also the need to submit the details such as the applicable VAT return filing period, the Tax Year-end, VAT return period reference number and VAT return due date.

VAT on output and sales

Details of taxable supplies with the standard rate, exempt supplies, zero-rated supplies

VAT on input and expenses

Submit the details of expenses /purchases for which taxable person has paid VAT at 5% rate which is the standard.

Total value of tax and payable tax

This indicates the VAT due or payable for the return period.

Net VAT Due

Submit also the details regarding the VAT payable and VAT recoverable. The VAT payable mentions the tax that is due to the tax authority during the tax period whereas the VAT recoverable states the total value of input tax that is recoverable for the tax period.

Additional requirements

The above-mentioned details have to be furnished for filing VAT returns. Some businesses; however, are to provide specific additional details such as:

  • Profit margin scheme
  • Goods transferred to GCC implementing states
  • Vat paid on personal imports
  • Transportation of own goods to other GCC countries

Other requirements for completing the VAT Return filing

  • Any amount should be in United Arab Emirates Dirhams (AED)
  • Insert all amounts to the nearest fils (round off the amounts to nearest fills)

Take a note: The VAT Return must be received by the Federal Tax Authority no later than the 28th day following the end of the Tax Period or by any other date as directed by the FTA.

Where the due date for the submission of the VAT Return and the corresponding payment falls on a weekend or a national holiday, the deadline for filing the VAT Return or making a payment is extended to the first business day thereafter.

VAT return filing in UAE

VAT return filing in UAE has an extensive list of requirements requires a number of documentation process which can be complicated to organize for a layman. We cater to all your VAT filing needs and satisfy all organizational policies. Our VAT experts are well versed with UAE VAT laws and will help you to file your VAT returns quickly. If you have any doubts or want to know how to initiate the process, do contact us today-we’d be happy to assist.