What is VAT Return under UAE VAT? (Form VAT201)

3/2/2018

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.

All VAT returns should be submitted online using the FTA Portal of the respective Taxable Person.

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

Subramanya R

12/2/2018 05:11:53 pm

Dear Guptaji,

In UAE VAT return format which is given by department, there is no separate field to capture values of Excess credit brought forward from previous period.

For example, for Jan month return there is VAT refundable, in Feb month such VAT refundable amount needs to be shown as carried forward from previous return period. There is no separate box to capture the values

Kindly let me know where to capture such values.

With regards,
Subramanya R

Team Gupta Accountants link

18/3/2018 02:29:22 am

Dear Subramanya R,

Thanks for visiting our blog page.

Form VAT 201 - VAT RETURNS is for the filing of the returns, payable or refundable as the case may be.

Form VAT 311 - VAT REFUNDS is for the refunds and adjustment.

Regards.

Regards.

Jhomz

20/4/2018 12:05:02 pm

Hi Sir,

Good day. I worked in the Salon and we have an expenses in the kitchen supplies which we usually purchased in the supermarket. Can we claim the input tax?

Thanks and Best Regards,

Jhomz

Ramesh Kumar Gupta link

29/4/2018 09:03:56 pm

Dear Jhomz,

Thanks for visiting blog page of Gupta Accountants, UAE VAT Advisors & Consultants in Dubai.

To claim input vat paid it is necessary that the expenses are for the business. Input vat on personal expenses should not be claimed back.

As a precaution it would be better if the expense invoices are in the name of the company where ever it relates to business and you intend to claim input vat.

Regards.

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What is VAT Return under UAE VAT? (Form VAT201)

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