Online FTA Compliance under UAE Value Added Tax (VAT)
It should be noted that, " VAT Tax Return and payments must be submitted by the tax registrant companies to the Federal Tax Authority online no later than the 28th day following the end of the Tax Period of the respective company”.
Non compliance with timely submission of VAT Return online on the FTA website and payment leads to fine and penalties as stipulated by Federal Tax Authority (FTA) in UAE.
It should also be noted that all the tax registrants must file online VAT Returns who have been provided a TRN (Tax Registration Number) under UAE Value Added Tax law and regulations made there under.
Non compliance with timely submission of VAT Return online on the FTA website and payment leads to fine and penalties as stipulated by Federal Tax Authority (FTA) in UAE.
It should also be noted that all the tax registrants must file online VAT Returns who have been provided a TRN (Tax Registration Number) under UAE Value Added Tax law and regulations made there under.
What compliance are mandatory under UAE VAT ?
1. Online Registration under UAE Value Added Tax Law with FTA
2. Filing periodical online Vat Returns and Payments on due dates specified by Federal Tax Authority under Value Added Tax Law
3. Maintenance of books of accounts as per as per Value Added Tax Law and rules made there under and guidelines issued by FTA from time to time.
4. Record keeping as per the requirement under VAT Law and rules made there under and guidelines issued by FTA from time to time.
5. Issue of Tax invoice
6. Provisions of all relevant details in case there is audit conducted by Federal Tax Authority (FTA)
1. Online Registration under UAE Value Added Tax Law with FTA
2. Filing periodical online Vat Returns and Payments on due dates specified by Federal Tax Authority under Value Added Tax Law
3. Maintenance of books of accounts as per as per Value Added Tax Law and rules made there under and guidelines issued by FTA from time to time.
4. Record keeping as per the requirement under VAT Law and rules made there under and guidelines issued by FTA from time to time.
5. Issue of Tax invoice
6. Provisions of all relevant details in case there is audit conducted by Federal Tax Authority (FTA)
In spite of the relative clarity of VAT laws, rules and regulations, its practice is more complex and requires expert and mature resources to meet online FTA compliance requirements. Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the online VAT compliance in United Arab Emirates.
Why Gupta Accountants ?
- Professionally qualified and experienced VAT Consultant and Advisors in Dubai.
- Cost Effective online VAT services in Dubai and UAE.
- Compliance to International standards & applicable rules and regulations.
