VAT return is a record or statement of the VAT paid on taxable supply of goods and services during a specified period. Usually, VAT returns are filled quarterly and sometimes on a monthly basis. As per the Federal law no. (7) of 2017 on Tax procedures, a taxable person needs to submit VAT returns in UAE with the information and data specified for Tax purpose in accordance with the form, specified by the Federal Tax Authority.
As per the Federal Law No. (7) of 2017 on Tax Procedures, a taxable person needs to submit a VAT return in UAE with the information and data specified for Tax purpose in accordance with the form, specified by the Federal Tax Authority (FTA). Every taxable person is required to submit the VAT Return for each Tax period within the time prescribed by the FTA and this must be in accordance with the provisions of the UAE VAT law. The taxable person is also liable to remit the tax due to the FTA within the time frame specified by the UAE VAT Law. At AGX auditors, we not only give trusted advice to businesses of all sizes in regard to VAT Registration and VAT Return Filing in Ras al-Khaimah but also provide complete assistance with respect to the same. Our certified tax professionals would ensure that your VAT returns are filed within the specified time in each tax period.