It should be noted that even if there was no business transactions undertaken during a particular tax period by a registered business/ taxable person, still it is mandatory to file vat returns. In such cases the return would be a nil return. Non filing of vat returns by a registered business/ taxable person would attract administrative penalties as stipulated under UAE VAT laws. 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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AuthorRamesh Kumar Gupta is a young and dynamic Chartered Accountant and has 22 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 |