What are VAT Return Filing in Dubai?
Businesses can reimburse the VAT tax paid. This process is known as VAT Return Filing, in which the business states how much extra it paid to the concerned authority.
In simple terms, VAT return filing in Dubai states how much VAT is to be paid or reimbursed by the tax authorities to the business. A VAT return is done quarterly and helps the business track the VAT path.
Entities subject to VAT whose business activities entail international trade. Therefore, while carrying out these activities, it's better to be VAT compliant to avoid any penalty that hinders the way.
Where to get the VAT Submission in Dubai
Fill out the VAT form via the e-service portal on the FTA website. Below are the details to be filled in,
- Details of the taxable person
- VAT return period
- VAT on sales and all other outputs
- VAT on expenses and all other inputs
- Net VAT due
- Any other reporting requirements
- Declaration and authorized signatory