Skip to content

Effortless VAT return filing with CoHUB

Streamline Your VAT Returns with CoHUB – Expert Guidance, Timely Filing, and Hassle-Free Compliance for Your Business in the UAE.

Call Now
Home
VAT Return Filing

VAT return filing in the UAE

VAT return filing is a crucial aspect of the VAT system, essential for reporting the VAT collected and paid by an entity to the tax authority over a specific period. VAT return filing Services in the UAE offer comprehensive assistance with expert professionals managing all your VAT affairs and transactions.

CoHUB provides leading VAT return filing services in Dubai, ensuring peace of mind for our clients. We handle all VAT-related matters, reducing the burden on your business.

What is VAT return filing in the UAE?

VAT return filing outlines the VAT amount to be paid or refunded by the tax authorities. Typically done quarterly, it helps businesses stay on the right financial track. Compliance with VAT regulations is crucial to avoid penalties that can hinder business operations.

Setup Your Business

Get help from a Business Consultant!

    How Companies Process VAT return filing in the UAE

    Businesses file their VAT returns using the Federal Tax Authority (FTA) portal by entering details in the VAT 201 form. The taxpayer logs into the FTA e-services portal to access the form and provides the following information:

    • Information about the taxable person
    • VAT return period
    • Sales and output VAT
    • Expense and input VAT
    • Net VAT due
    • Report requirements
    • Authorized signatory and declaration

    After submitting the form, the FTA confirms the submission via email. The taxpayer should then pay the due tax through various channels like exchange houses, E-dirham, online transfers, the-counter payments.

    How Companies Process VAT return filing in the UAE

    Being VAT compliant offers legal assurance and protects your business from financial losses. VAT return filing services in the UAE provide several benefits:

    • Investment and Personal Savings: Encourages investment and savings.
    • Quick Revenue: Transparent indirect tax, less burden on customers, fragmented across supply, distribution, and production stages.
    • Smooth Business Dealing: Businesses prefer dealing with VAT-registered entities.
    • Enhanced Business Image: Highlights your business under VAT law.
    • Ease of Management: Easier to manage compared to other indirect taxes.

    Penalties and Fines Associated with VAT return filing in the UAE

    Non-compliance with VAT laws results in fines and penalties, such as:

    • AED 20,000 for failing to register within the specified timeline.
    • AED 10,000 for not applying for VAT deregistration on time.
    • AED 15,000 for not displaying prices inclusive of tax.
    • AED 2,000 for delays in submitting VAT returns.
    • AED 3,000 for the first-time submission of the Voluntary Disclosure form, AED 5,000 for subsequent submissions.

    Common Errors in VAT return filing in the UAE

    Businesses often make mistakes such as:

    Poor maintenance of records

    • Errors in calculating and paying VAT
    • Improper planning
    • Hiring unqualified resources
    • Failure to issue valid tax invoices
    • Lack of understanding of VAT laws
    • Improper accounting setup

    From Dream to Reality

    Set Up Your Business in Dubai

    Expert Guidance for Every Step of Your Business Journey
    Call Now

    Frequently Asked Questions (FAQs)

    What is the deadline for VAT return filing in the UAE?
    The deadline for VAT return filing is the 28th of the month following the end of the tax period.
    Can I file my VAT return online in the UAE?
    Yes, VAT returns must be filed online through the Federal Tax Authority (FTA) e-services portal.
    What should I do if I make an error in my VAT return?
    If you make an error in your VAT return, you should submit a Voluntary Disclosure form to the FTA to rectify the mistake.
    How can I ensure my business is VAT compliant?
    Ensure your business is VAT compliant by maintaining accurate records, understanding VAT laws, issuing valid tax invoices, and filing returns on time. Seeking professional advice can also be beneficial.
    What happens if I fail to file my VAT return on time?
    If you fail to file your VAT return on time, a penalty of AED 2,000 will be levied. Repeated offenses may result in higher penalties.
    How can CoHUB help me with VAT return filing in the UAE?
    CoHUB offers comprehensive VAT return filing services, including document compilation, return preparation, minimizing tax liability, acting as your representative, ensuring timely returns, and providing expert guidance on VAT rules and regulations in the UAE. Contact us through our website or customer service to learn more.