“VAT Tax Return filing and payments must be submitted by the tax registrant companies to the Federal Tax Authority no later than the 28th day following the finish of the Tax Period of the respective organization.”
Late filling of VAT return pulls in penalty of AED 1,000 for the first time of delay. The punishment would be expanded for consequent non-compliance of filing of VAT Return.
It can be filed either by a Taxable Person or Taxable Trader or Tax Agent or a Legal Representative.
For VAT Return Filing, the following should be deal with:
All amount should be in United Arab Emirates Dirhams (AED).
All amount should be adjusted off to the closest fills.
Every compulsory field should be completed.
Utilize “0” if there are no amounts to be declared.
The system for VAT return filing in UAE contain the following:
Compliance on Record Keeping
Compliance on VAT Return Filing in UAE
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Professionally qualified and skilful VAT Consultant and Advisors.
Cost effective VAT services.
Compliance to International guidelines and applicable rules and regulations.