VAT Return Filing
WHAT ARE THE VAT Return Filing Requirements?
Filing Frequency
- Quarterly returns for most small and medium-sized enterprises (SMEs).
- Monthly returns for businesses with an annual turnover exceeding AED 150 million.
Submission Deadlines
- VAT returns must be submitted within 28 days after the end of each tax period.
Penalties for Non-Compliance
- AED 1,000 initial fine for late submission; AED 2,000 for repeated late filings within 24 months.
- Incorrect or incomplete submissions may result in higher fines and increased scrutiny from the FTA.
Key Details
- All VAT-registered businesses in the UAE are required to submit VAT returns, even if no VAT is payable for the period.
- VAT records must be retained for at least 5 years (or longer in specific cases).
- Returns are filed electronically through the Federal Tax Authority (FTA) portal.
Step by Step Guide
VAT Return Filing Process
Seamless process managed by our qualified team.
Initial Consultation
We begin by understanding your business structure, transactions, and VAT obligations to ensure the filing process is tailored to your needs.
VAT Calculation
Our team calculates your VAT payable or refundable based on your sales, purchases, and other relevant transactions, ensuring accuracy and compliance with UAE VAT laws.
Document Review
We review all supporting documents, including invoices, receipts, and transaction records, to verify completeness and correctness before submission.
Submission
We prepare and submit your VAT return via the FTA portal, ensuring it meets all regulatory requirements and deadlines.
Post-Submission Support
After filing, we provide confirmation and documentation for your records and can assist with audits or queries from the FTA if needed.
Frequently Asked Questions (FAQs)
How often must I file VAT returns?
Most businesses file quarterly, while larger businesses with turnover exceeding AED 150 million file monthly.
What happens if I miss the filing deadline?
Late submission incurs an initial fine of AED 1,000, increasing for repeated delays. Your business may also be subject to strict tax audits.
Can Altus Citadel manage my entire VAT filing process?
Yes. Our team handles the full process, including data collection, preparation, submission, and documentation.
How quickly will my VAT return be filed?
We file all returns well before the deadline to avoid last-minute issues or penalties.
What documents do I need to provide for filing?
We primarily require sales and purchase invoices, VAT records, and transaction data. Our team guides you through every step to ensure accurate filing.
Need a Custom Quote?
Every business is unique. Contact us for a detailed breakdown of start-up costs tailored to your specific activities and scaling requirements.