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How Do You Submit Your VAT Returns In The UAE?

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KBA ACCOUNTING AND BOOKKEEPING

At KBA, we make the process of filing VAT Returns as simple as possible. Following the Federal Tax Authority's (FTA) rules, we assist taxpayers with everything from online portal operations through final payment and refund requests, all in accordance with UAE law.

Businesses that must pay VAT are classified into different groups based on their size. The FTA e-portal is designed to accept exclusively online VAT returns, ensuring complete openness between the customer and the auditor. As a result, the business must manually enter values for Sales, Output VAT, and Input VAT in the corresponding boxes of the FTA e-VAT portal's Return form.

This form, dubbed 'VAT 201,' is divided into six sections:

1.Taxable Person Details Net VAT Due

2.VAT Return period

3.VAT on all sales and other outputs.

4.All expenses and other inputs subject to VAT.

5.Authorized Signatory and Declaration

6.Additional reporting obligations

The 'VAT Voluntary Disclosure Form 211' is another form available on the e-portal that must be completed under certain situations. Every business taxpayer must use their registered credentials to access their VAT Return. While filing a VAT return in the UAE necessitates a detailed summarization of business transaction facts, the Purchase/ Expenses, Sales, Input and Output VAT can all be computed independently. You must verify that the results of these numerous tallies produce a trustworthy and error-free summary that can be entered into the FTA-approved e-portal VAT Return Form.

Although this write-up offers essential concepts to help you submit your VAT Returns, it is important to realize that it is not a one-size-fits-all solution for every business transaction. This is where a trustworthy and competent Tax Consultant can take the worry out of your VAT Return process by providing customized analysis tailored to your specific business, which is critical for accurate Tax Reporting and FTA compliance.

KBA FTA Certified VAT Consultants in Dubai,UAE remove the effort out of paperwork, filing, and assembling all of your required documents, and ensure that your VAT Return procedure is transparent. We are the best tax agents in the UAE, and we guarantee excellent service and customer care throughout and after the filing of your tax return.

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