VAT Return Filing for Companies in Dubai

Filing Company VAT Returns in Dubai

Every VAT-registered business operating in Dubai, UAE must submit VAT returns. The frequency of filing returns is either monthly or quarterly, depending on the notification from the FTA.

To file a company's VAT (Value Added Tax) return in Dubai, you must report the VAT collected from customers. You also need to calculate your total VAT liability and claim a refund for VAT payments made to suppliers.

However, preparing and filing VAT returns is a complex process. It involves extracting financial information, calculating the tax liability, and submitting the information online using the FTA portal.

Your VAT return must be accurate and within the allocated timeframe. If you fail, the FTA will consider it non-compliance, and you will face heavy fines and penalties.

Therefore, you should work with a VAT return filing expert to eliminate errors and make timely submissions. World Company Setup has a dedicated in-house team of VAT experts to assist you at every step of the process. Our VAT specialists gather the necessary data, check it for accuracy, prepare it, and make the final submission.

VAT Return Filing in Dubai

We ensure you receive the maximum VAT refund while remaining fully compliant. We have experienced professionals and a proven track record. Outsourcing your return filing to World Company Setup will offer you seamless compliance.

Why Do You Need VAT Return Filing Services in Dubai?

You may need an expert to help you file your VAT (Value Added Tax) returns in Dubai, UAE for multiple reasons. Some of the important ones are:

Our VAT experts carefully review all financial records and transactions to ensure the accuracy of VAT calculations. This prevents you from overpaying or underpaying taxes.

After carefully analyzing all the information, we create error-free applications using the latest formats and guidelines provided by the FTA.

Our VAT consultants will keep you updated on changes in VAT rules, rates, and regulations. They will also offer guidance on how this will affect your business and what you need to do.

Our VAT experts have years of experience, so they understand the unique needs of a business. We offer customized VAT return filing services to help you reduce your VAT burden as much as possible.

How to File a VAT Return in Dubai?

According to the VAT laws in the UAE, VAT returns must be filed within 28 days after each reporting period. This reporting period can be monthly or quarterly. Missing the deadline can lead to a daily fine of AED 500.

The process of filing a return in Dubai includes:

• Consolidation of Financial Records
• Our consultants will collect all necessary data by reviewing all your financial records, such as accounting records, invoices, and bank statements.

Calculating VAT Outputs and Inputs in Dubai

Using the collected data, our tax experts calculate the exact amount of VAT collected on sales (Output VAT). They then compare this Output VAT with the VAT paid by you to suppliers (Input VAT).

By comparing both types of VAT, we determine your VAT liability.

Filling out the Return Form VAT201

Then, our dedicated VAT consultants fill out the mandatory VAT201 form using the previously calculated VAT amounts. The VAT201 form requires key figures related to supply types, expenses, and the net VAT to be paid/refunded according to the latest format.

Making the Payment and Submission

Finally, we will help you make your net VAT payment to the FTA before the deadline. This will complete the VAT return submission via the eServices portal.

World Company Setup, Your Partner in Filing VAT Returns in Dubai

At World Company Setup, we have a proven track record of working with VAT businesses and assisting them with VAT management. We help businesses file their VAT returns in Dubai. Our experts have a deep understanding of the dynamic VAT environment in the UAE.

We offer transparent and customized VAT return filing services according to your business's unique requirements at competitive prices. Get rid of all this hassle and contact us today to schedule an appointment with our expert VAT consultants.

World Company Setup is Your Tax Consultancy in Dubai Services

World Company Setup is a leading provider of audit, accounting, taxation, and advisory services in the UAE. Our expert team will guide you through the complex laws and regulations of the UAE, including Corporate Tax, VAT, Excise Tax, Accounting and Bookkeeping, ESR, Financial Advisory, ERP, etc. We stay informed about the latest changes in the laws and regulations in the UAE.Set Up Your Company Now Dubai Company License Renewal Processes