VAT Return Filing in the UAE

Businesses in Dubai registered for VAT, whether mandatory or voluntary, are required to file VAT returns in the UAE every quarter. Missing the VAT filing deadline can result in fines and penalties. Returns must be submitted by the 28th of the month following the end of the tax period. For example, if your tax period ends in June, your VAT return is due by July 28.

Penalties for late filing start at AED 1,000 for the first offense and AED 2,000 for repeated delays. Non-payment of VAT triggers immediate penalties, including 4% after one month and 1% per day up to 300%. To ensure compliance and avoid fines, engaging professional VAT return filing services is highly recommended.            

Explaining the Process of VAT Return Filing in Dubai

The following steps will help you in filing your VAT returns seamlessly on time:

1. Gather Your Documents: To keep track of the VAT you charged and paid, round up invoices and receipts. A strong record can save your life.
   2. Go to the EmaraTax Portal and locate the VAT form by logging in with your Tax Registration Number (TRN). It helps that it is partially completed.
   3. Complete the blanks: Include any modifications, zero-rated or exempt supplies, and your 5% VAT sales. Be mindful of errors such as incorrect import labeling.
   4. Submit and Pay: Verify your work, submit it online, and use a bank transfer or credit card to cover any VAT that is due. If you are entitled to a refund, you will often get it within 30 days.

Read More: Documents Required for VAT Return Filing in UAE

Key Considerations When Filing a VAT Return in the UAE:

1. Keep thorough records of all financial transactions for at least five years.
2. If a company's taxable turnover surpasses AED 150 million per year, it should use Tax Accounting Software (TAS) certified by the FTA.
3. Businesses that generate more than AED 400 million in taxable revenue annually are required to appoint a Tax Agent to supervise VAT compliance.

How Tax Consultants in Dubai Can Help You Avoid VAT Filing Penalties

Filing VAT returns in the UAE is straightforward when deadlines are met. A professional VAT return filing service in Dubai ensures accuracy and compliance, helping you avoid penalties. At Tax Consultant Dubai, we simplify the VAT process so you can focus on growing your business. Contact us today, and we shall be glad to assist you.

Read More: VAT Late Payment Penalty in UAE