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Grow Your Business With Confidence By Filing VAT Returns On Time

If you are a business registered for VAT, then submitting a VAT return is not optional, but a requirement mandated by law. And keeping with the numbers, deadlines in mind, and the rules to be adhered to can be overwhelming, and that's where YCA (as in, we) step in. 

With us, you can file VAT returns accurately, on time, and without any hassles, no matter what your business category is and which location you are residing in. All we do is make tax compliance simple so you can look out for areas to grow your business.

What Is VAT  Return Filing In The UAE?

VAT return filing is the process of submitting your tax report, also known as Form VAT 201, to the FTA (Federal Tax Authority) at the end of each tax period. This tax report will have the following:

  • Output VAT
  • Input VAT
  • Taxable & Exempt Transactions
  • Adjustments, Refunds, & Reverse Charge Details

Please note that every VAT-registered business must file for a return even if there were no sales or purchases for the financial year. 

When Should You File A VAT Return?

Generally, VAT returns are filed quarterly; however, some businesses may be required to file monthly by the Federal Tax Authority.

  • Deadline- 28th of the month following the tax period
  • On deadline miss - You will be fined AED 2000
  • Due payments - All payments that are due must be made by the same date.

If the due date falls on the end of the week or a holiday, the date is considered to be the next working day.

What Do I Need To File?

Below is a quick look at the things you would need to keep it right:

  • Emirates-wise list of taxable sales
  • Expenses and input VAT recoverables
  • Export and import records
  • Credit/debit notes and adjustments
  • Supporting documents for all numbers
  • Zero-rated and exempt charge supplies
  • All standard business documents

Remember that a single incorrect information in any of these documents can lead to penalties and, even worse, FTA audits.

Why Must You File VAT Returns On Time?

You must have your returns filed on time without any delay to:

  • Avoid penalties and fines
  • Boost your financial credibility
  • Keep compliance with the UAE VAT Law
  • Make yourself audit-ready
  • Enhances legit VAT refunds

Pro Idea: If you do not comply with the FTA rules, you will be fined AED 10,000, plus a 2% penalty on the unpaid VTA. Additionally, you will be fined 4% on the 7th day after the due date and 1% daily till you make full payment. With these, you are also liable for the risk of audit, license suspension, and legal actions.

Why Choose Us For VAT Return Filing?

We are a team of prompt tax experts who deliver comprehensive VAT compliance solutions, providing complete support and strategic tax planning.

Here's what we are best at:

  1. End-to-end VAT Filing: We look after everything from data collection to final submission
  2. On-site Support: We regularly visit your office and collect necessary documents
  3. FTA-compliant Documentation: We keep a complete backup of every figure filed
  4. Zero Errors Policy: We check everything before submission
  5. Employee Training: We train your teams to understand the basics of tax filing and more

Strategic Tax Advice: We provide expert guidance to enhance operational efficiency, minimize liabilities, and ensure compliance.

Ready to File VAT on Time?

Consult with our experts to ensure accurate and efficient VAT filing management, avoiding penalties.

Book Now

Queries You Might Have In Mind?

1. What is a  VAT return?

It is simply a document or a brief summary of the VAT collected on sales and purchases made, and presented to the FTA.

2. When do I need to file a VAT return in the Emirates?

Mostly, businesses file it quarterly, while some are mandated to file monthly.

3. What happens if I do not file VAT returns on time?

In that case, you will incur a late submission penalty of AED 1,000 for the first instance, and AED 2,000 thereafter.

4. What details should I include in the VAT return?

The document that you would present to the FTA should include a sales and purchase invoice, output VAT collected, input VAT paid, and an import file.

5. Can I correct errors in the previous VAT return?

Yes, any minor changes can be adjusted in the next return. But, for major errors, a voluntary disclosure must be filed.

6. Can YCA file returns for me?

Yes, our expert tax consultants offer professional VAT filing return services to ensure that submissions are all accurate and comply with FTA laws.