Doing business in dubai has become very easy as it has many free zones to setup your business. It is very essential for the business owners to know about the procedure for filling VAT return in Dubai. The VAT return is nothing but a formal way of reporting the VAT paid during a specific duration. It is to be submitted as per the documents in the record, ledger, and the financial statements. The main purpose of filing a return is to show the summary of the value added tax to the authorities. Returns are essential for performing auditing and VAT law enforcement activities. It shows the evidence of fulfilling VAT obligations. Each VAT registered individual and company needs to file returns at the stipulated intervals of 3 months.
The role of the accountant or tax consultant is very significant in complying with the VAT rules. Whether it is VAT registration, VAT returns or payment, an accounting firm in Dubai can help in the smooth VAT procedures. Agxauditors assures best VAT Return Filing Services across UAE.