A step-by-step guide for filing VAT
By following the below steps one can easily file VAT return:
- Login to the federal tax authority’s online portal using the registered username and password
- Go to VAT tab and then ‘VAT201-VAT returns tab’
- To complete the form the following details are required:
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
Additional reporting requirements
Declaration and authorized signatory
- Save the details and then ‘Final Submit’
If there are details to be added or to be edited then there is provision to ‘Save as draft’.
In case of incorrect information’s there will be a penalty:
- For the first error it’s AED 3000
- AED 5000 for every following error
VAT return has to be filed within the specified dates; in case of any delay there will be penalties. A penalty of AED 1000 will be charged for the first time and AED 2000 for each offence.
If you have any doubt during this process call us on 00971-4-331-2332