VAT Return is an official Document to be completed by the Taxable Person and submitted to the Federal Tax Authority (FTA) at regular intervals detailing if any output tax due and input tax recoverable and including any other information that is required to be provided as per FTA guidelines.
Under UAE Value Added Tax the VAT Returns are filed in Form No. VAT 201.
The VAT Return could be submitted by the Taxable Person or another person who has the right to do so on behalf of the Taxable Person.
VAT Returns must be submitted for all the tax periods.
VAT Returns must be submitted within 28 days from the end of the relevant tax period. If the 28th day falls on public holiday or weekend then the next first business day would be considered the 28th Day.
Any Tax payable as per the VAT Return also must be paid within 28 days from the end of the relevant Tax Period
If there is no business transaction in the relevant tax period then also it is must for the Taxable Person to submit VAT Returns. This is also called as Nil VAT Return.
Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the Value Added Tax on good and services in UAE to local companies, free zone based companies and designated zone based companies of Dubai, Abu Dhabi Sharjah, Umm Al Quwain, Ajman, Ras Al Khaimah and Fujairah.
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Ramesh Kumar Gupta is a young and dynamic Chartered Accountant and has 21 years of experience in assurance, accounting, audit and business management. He is a member of the Institute of Chartered Accountants of India (ICAI). He is the Managing Partner of Gupta Accountants an accounting and advisory firm in Dubai UAE