VAT RETURN FILING SERVICE

VAT RETURN FILING SERVICE

Filing of VAT Returns are done through online portal available under e-services tab of Federal Tax Authority (FTA) portal (https://eservices.tax.gov.ae/). Form VAT 201 is used for VAT return filing. Every single taxable person is responsible to submit VAT return in the UAE in the prescribed format within 28 days from the end of each Tax period as prescribed by the FTA. This submission must be in line with the provisions of the UAE VAT laws. Moreover, every taxable person is also liable to remit the tax amount due on them to FTA within the stipulated time frame as explained in the UAE VAT Law; ie within 28 days from the end of each tax period.

HOW WE CAN BE OF YOUR ASSISTANCE IN FILING YOUR VAT RETURN – FORM VAT201?

JSR Consultants’ dedicated professional can assist you in the following manner:

Our dedicated professional staff will visit your office on a periodical basis (weekly/monthly/Quarterly) to compile the information as may be required for filing of VAT Return. At the end of each VAT return period, we will prepare on your behalf VAT return of your company in compliance with the provisions of UAE VAT laws.
We keep track for timely submission (within deadline) of your VAT return in each tax period.
Ensure proper guidance and Optimal Tax Planning for Minimal Tax Liability within the parameters of UAE VAT laws.
Available to represent in front of the authority on behalf of you as a consultant as and when required.

HOW THE VAT RETURNS – FORM VAT201 – ARE FILED?

One can access VAT Returns through online portal of the FTA by login into the e-services of the FTA portal through authenticated user name and password.

INFORMATION INTEGRAL TO THE VAT RETURN?

Once the data in respect to output tax payable and input credit available against such output is submitted VAT Return disclose the amount due to FTA or refundable from FTA as the case may be for the particular Tax Period. Output Tax amount over and above the Input Tax amount for a tax period is the amount of Tax Liability to be paid. The content of the VAT Return Form includes the following:

Output Tax:

Tax Liabilities under Standard Rated Supplies (5%) emirates wise.
Tax Liabilities on goods imported through customs.
Tax on goods imported on which tax liabilities are not created – if any.
Tax liability on import of services.
Tax refunds provided to tourists.

Input Tax:

Tax on Standard Rated purchases
Tax on Standard rated expenses.
Tax on import of goods
Tax on import of services

Tax amount disclosed under Output Tax over and above the Input Tax is the amount to be paid to the FTA for a particular tax period within the due date.

JSR CONSULTANTS are one of the leading TAX Experts in UAE providing VAT Registration Service, VAT Consultancy Service, VAT Advisory Service and VAT Implementation Services across the UAE (Emirates Dubai, Abu Dhabi, Sharjah, Ajman, Fujairah, Ras Al Khaima, Um-Al-Quwain).
For more information on Return Filing services, please feel free to reach our below representatives.