VAT Return Filing

Under UAE VAT, the first VAT return is due on 28th Feb, 2018, which will be filed by those businesses for whom the monthly VAT return is applicable. The businesses are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA portal is designed to accept the returns only through online mode as offline capabilities to file VAT return through XML, EXCEL or any other utility are currently not available. This implies that the taxpayer is required to manually provide the values of Sales, Purchase, Output VAT, Input and Input VAT etc. in the appropriate boxes of the VAT return form available in FTA portal.

 

The VAT Return form is named as ‘VAT 201’ which the taxpayer needs to fill and submit in order to complete the VAT Return filing. The Form VAT 201 is broadly categorized into 7 sections as mentioned below:

 

  • Taxable Person Details
  • 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

 

Each of these sections contains various boxes in which the taxpayer needs to furnish the details in order to complete the VAT Tax return filing.

 

Filing Rules are different for each industry:

  • Education
  • Healthcare
  • Oil and Gas
  • Transportation
  • Real Estate
  • Financial Services
  • Telecommunication
  • NGOs
  • Gold, Silver, Platinum & Jewellery
  • Free Zones
  • Insurance
  • Food & Beverages