Compliance with VAT Returns in Umm Al Quwain
It should be noted that, " VAT Tax Return and payments must be submitted by the tax registrant companies to the Federal Tax Authority 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 and payment would lead to fine and penalties as stipulated by Federal Tax Authority in UAE.
It should also be noted that all the tax registrants must file 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 and payment would lead to fine and penalties as stipulated by Federal Tax Authority in UAE.
It should also be noted that all the tax registrants must file 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. Registration under UAE Value Added Tax Law
2. Filing periodical Vat Returns and Payments on due dates specified by 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
1. Registration under UAE Value Added Tax Law
2. Filing periodical Vat Returns and Payments on due dates specified by 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
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 compliance requirements. Gupta Accountants competent team as Vat Consultants in Dubai, provides supports at all the stages of the VAT compliance in UAE
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- Professionally qualified and experienced VAT Consultant and Advisors in Dubai.
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