VAT Return
Taxation period
The taxable period is the specific period during which the tax payment is calculated and paid. · The standard taxable period applicable to taxable persons must be a period of three calendar months ending on the date determined by the FTA. The FTA may, at its discretion, assign different tax periods other than the standard period to specific taxable groups (for example, companies may need to file VAT in Dubai each month). · If the taxable person is assigned a standard taxable period, the taxable person may request that the taxable period end in the requested month and the FTA may accept such request at its discretion. I will. Check here for the date of filing your VAT return in the United Arab Emirates. The VAT return must be received by the FTA within 28 days of the end of the taxable period or by any other date as directed by the FTA. If the payment is by FTA, it must be received by the FTA by the same deadline. Understand tax obligations
Below are some important terms regarding the operation of VAT and how they affect the tax liability of taxable persons
Input Tax
Voluntary VAT registration UAE
All businesses residing in the United Arab Emirates that do not require a mandatory UAE VAT registration can choose to voluntarily apply for UAE VAT registration online. Can this be higher than the voluntary VAT registration threshold only if the annual supply or tax expense is higher? The voluntary UAE VAT registration online threshold is 187,500 dirhams, accounting for 50% of the mandatory VAT registration UAE threshold.
VAT exemption registration
” Output Tax ” is a VAT that the taxable person calculates and charges for the supply of goods and services when registered with VAT. Suspended sales tax usually needs to be calculated for supplies to others. However, in certain circumstances, you may need to charge VAT for supplies that are deemed to have originated for VAT purposes or are subject to reverse billing clauses. The obligation to record the temporary sales tax arises at the point of taxation of supply, that is, the date of supply. When the supply date arrives, the taxable person will be required to include VAT on the VAT return covering the taxable period.
Calculation of tax obligations
The registrant’s tax obligation is the difference between the temporary sales tax paid during a specific tax period and the temporary sales tax that can be collected during the same tax period. If the sales tax exceeds the sales tax, you will need to pay the difference to the FTA. If the amount of VAT exceeds the amount of VAT, the taxable person is entitled to a VAT refund from the FTA.
What is VAT Group Registration?
UAE VAT registration allows two or more people engaged in a business to apply for tax registration as a tax group. A tax group is a group of two or more people registered as one taxable person in a free trade area, but must meet the conditions stipulated by the UAEVAT Act. This group registration is for tax purposes only.
Submission of VAT return
For each taxable period, the taxable person is required to submit a VAT return containing details about the supply prepared or received by the taxable person. With respect to sales and other outputs, taxable persons must report
- If you are a retailer and offer tax refunds to UAE tourists under the official tourist refund system, the tax refunds provided to tourists under the tax refund system for tourists.
- Supply of goods and services subject to zero VAT rate.
- If applicable, adjustments to goods imported into the UAE and declared through UAE Customs.
- Supply of goods and services received by the taxable person subject to the reverse billing provisions.
- Supply of goods and services subject to the standard VAT rate for each emirate
- VAT exempted supplies
- Supply of goods and services subject to zero VAT rate
For purchases and other inputs, taxable persons must report
- Purchases and costs that are subject to the standard VAT rate and you want to collect VAT.
- I want to collect temporary consumption tax. Supplies that are subject to reverse billing. The amount of VAT that the taxable person can claim and collect the temporary sales tax must be offset in the final tax return. The resulting amount is the net VAT paid to or refunded by the FTA (that is, the net VAT position).