VAT Filing

VAT Filing In UAE

VAT filing in UAE is a vital requirement of the VAT system for the purpose of reporting the VAT collected and paid by the entity to the Federal Tax Authority for the given specific time period. Assistance in VAT Filing in UAE through due expertise by professionals is available to take care of all your VAT matters. How to file VAT return in UAE? This must be in accordance with the provisions of the UAE VAT law. The taxable person is also liable to remit the amount of tax due to the FTA within the time frame specified by the UAE VAT Law. We at HALSCA provide expert guidance in VAT filing in UAE.

VAT return filing simply states how much VAT is to be paid to or repaid by the tax authorities. Usually, VAT return is done quarterly and allows businesses to track the right financial path. Being VAT compliant while carrying out your business, helps in avoiding any unnecessary penalty that becomes a hurdle.
Few common mistakes/hindrances entities make while VAT Filing in UAE:
  • No proper records maintained
  • Improper exclusions or inclusions of sales and purchase amounts
  • No VAT planning
  • Not issuing valid tax invoices
  • Misinterpretation of VAT legislation
  • Flawed accounting system

Helping hand by HALSCA

HALSCA’s presence in the industry, long before the implementation of VAT legislation in the UAE, helped us garner the required experience and expertise by assisting our wide range of clientele in VAT matters. With HALSCA, VAT filing in UAE becomes a simple process.

Our assistance includes:

  • Compiling relevant documents for VAT Filing in UAE and preparation of VAT returns
  • Ensuring timely return filing
  • Assistance in utilizing any opportunities in minimizing VAT liability.

Who is having TRN

Every taxable person is required to submit the VAT Return within 28 days from the end of each Tax period prescribed by the FTA. This must be in accordance with the provisions of the UAE VAT law. The taxable person is also liable to remit the amount of tax due to the FTA within the time frame specified by the UAE VAT Law; i.e. within 28 days from the end of each tax period.

Federal Tax Authority’s online portal https://eservices.tax.gov.ae/en-us/

As per Article (8) of Federal Law No. (7) of 2017 on tax procedures, every taxable person shall prepare and submit the tax return for each tax period to the authority and need to settle the payable tax within the timeframe specified in the tax law. Return filing must be done through online portal. The time frame for filing the VAT Return will be mentioned in the UAE VAT Regulations/ UAE VAT Law. Taxable person has to fill Form 201 for the filing of the tax returns

Following are the details required to fill in the form 201;

  • Standard rated supplies
  • Tax Refunds provided to Tourists under the Tax Refunds for Tourists Scheme
  • Supplies subject to the reverse charge provisions
  • Zero rated supplies
  • Exempt supplies
  • Goods imported into the UAE
  • Adjustments to goods imported into the UAE
  • Standard rated expenses
  • Supplies subject to the reverse charge provisions (Expenses)

For more information, please contact UAE Federal Tax Authority  Click Here