VAT Return Filing Service

VAT filing service is an essential procedure for the existence of VAT because it acts as a medium that stores the amount of tax collected and paid by the company. In other words, it refers to the formal process of declaring all the tax paid and collected by the organization within a specific period of time. AKM Accounting offers a team of VAT filing experts that could help record and file your company’s VAT. Besides, our professionals also provide VAT submission services because it guarantees that you will be free from any sort of penalty, such as improper submission of returns.

Although companies are required to file their VAT returns periodically, initially, you will be required to submit your VAT returns on a quarterly or monthly basis depending upon your company’s turnover. At the end of the filing period, we will collect all the information about tax collected and paid and file the returns accordingly, according to the instructions. If you wish to know more about VAT filing in Dubai or want to get our VAT filing service, you can contact our VAT filing experts.

VAT Return Filing Services

What You Need to Know Before Filing VAT Return

Before filing your VAT return, you need to consider several factors in this regard. For example, for proper filing of VAT returns in Dubai, you need to categorize the amount of VAT output according to the sales made in different cities in the UAE. Following are some of the vital points that should be kept in mind before submitting your VAT return in Dubai.

VAT on Sales and Other Outputs

Standard VAT return filing rates apply across the emirates

  • VAT refunds provided to tourists under the VAT return system scheme for tourists
  • Supplies are subjected to the corporation tax return
  • Zero-rated supplies
  • Exempt supplies
  • VAT on goods imported into the UAE
  • Adjustments to imports into the UAE

VAT on Expenses and Other Inputs

  • Standard VAT rated expenses to be incorporated in your VAT filing
  • Supplies subject to VAT return provisions

VAT is payable to FTA if:

The amount of VAT on sales and other productions is higher than the amount of VAT on expenses and other provision.

VAT is Refundable from FTA if:

While preparing a VAT filing, the amount stated in the former falls under the category of output tax while the latter comes under input tax.

Those organizations that do not comply with the rules and regulations of timely submission of VAT return in Dubai face a penalty of AED 1000 in the first instance and AED 2000 for continuous violations within the next two years.

Importance of Filing VAT Return

VAT return filing in Dubai is essential for any business entity as it proves the legality and existence of the company. Moreover, it prevents losses, further ensuring your business has the upper hand in the business domain. Unlike other VATs, corporation tax return is easier to manage.

How We Help You in Filing Your VAT Return

AKM Accounting is a leading organization with a team of VAT return filing experts that could assist you in the following ways:

We collect all the information about your VAT submission on a regular basis. At the end of the tax season, our experts prepare a file containing your VAT return.

Our VAT filing specialists ensure that your VAT return filing in Dubai is according to the rules and regulations within the due time.

Our professionals offer advice on the minimal tax liabilities according to the local rules and regulations.

We prepare tax planning for you and could represent your company in front of the taxman, if required.

AKM Accounting is well equipped with VAT return filing experts and can help you in the following ways:

We will collect your VAT submission data at a regular interval. Once the tax season ends, our team shall prepare a VAT return file.

Our VAT filing specialists will ensure that your VAT return filing in Dubai is aligned with the laws and regulations and stipulated time.

We offer advisory services on payments of Minimal Tax Liability based on the local laws.

We conduct tax planning for you and represent your company to the taxman, as requested.