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VAT Return Filing service in Dubai

Hassle-Free VAT Return Filing Services for Your Business

Accuracy and timeliness are key to effective VAT return filing service in Dubai. At Golden Falcon Consultants, we combine extensive tax knowledge with robust industry experience to keep your business fully compliant with VAT regulations in the UAE.

Whether it’s collaborating directly with your staff, bookkeeping, or preparing technical VAT documents for your submission to the Federal Tax Authority (FTA), our team will manage the entire VAT filing process on your behalf. This includes verification of your data for accurate online VAT return submission. Internal reviews are undertaken to seek out and remedy possible discrepancies, which can lead to penalties and financial loss.

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VAT Return Filing service in Dubai

What is VAT Return Filing?

VAT return filing is how businesses registered for VAT in the UAE report their VAT transactions to the Federal Tax Authority (FTA). As per the UAE VAT Law, companies must submit a VAT return periodically, summarizing their sales and purchases and the VAT they owe or are entitled to claim back. VAT return filing ensures transparency and accuracy in the tax system, which is crucial for maintaining good standing with the FTA. At Golden Falcon Consultants, we provide end-to-end VAT filing services that take the burden off your shoulders. Our team ensures that your VAT returns are accurately prepared, submitted on time, and fully compliant with the FTA regulations.

Tax Period for VAT Return Filing as per FTA

The UAE FTA mandates that VAT returns must be filed quarterly or monthly, depending on the business's annual taxable supplies. If your taxable supplies exceed AED 150 million, you must file monthly. The VAT return filing is quarterly for businesses with taxable supplies under AED 150 million. The deadlines for VAT return filing are as follows:

01
Quarterly VAT Return

The filing and payment are due by the 28th of the month following the end of the quarter.

02
Monthly VAT Return

The filing and payment must be completed by the 28th of the month following the taxable period.

Essential Factors to Consider When Filing Your VAT Return

Essential Factors to Consider When Filing Your VAT Return

When filing your VAT return, there are several crucial factors to keep in mind to avoid errors and ensure compliance:

Accurate Record-Keeping: Ensure all invoices and receipts are properly maintained, along with clear documentation of all transactions.
VAT on Exports and Imports: Correctly report VAT for exports and imports to avoid complications with the FTA.
Input VAT Credit: Claim VAT on business purchases only for eligible expenses. Be sure to track and file these accurately.
Zero-Rated and Exempt Supplies: Ensure that you correctly categorize your supplies, especially when dealing with exempt or zero-rated goods and services.
At Golden Falcon Consultants, we handle these technicalities with precision, ensuring all aspects of VAT return filing are managed with care.

VAT Return Filing Services in Dubai Offers the Following Benefits

  • 1.We provide professional advice on VAT-related queries, ensuring you understand how the tax law applies to your specific business needs.
  • 2.We guarantee that your VAT returns are filed before the FTA's deadlines, avoiding unnecessary fines.
  • 3.Our team works meticulously to ensure that all calculations are accurate and compliant, reducing the risk of errors.
  • 4.We help you identify any VAT refunds you may be entitled to, ensuring you don't miss out on possible returns.
  • 5.Our detailed reports give you full visibility into your VAT obligations, helping you make informed business decisions.
  • 6.By outsourcing VAT return filing to us, you free up your resources to focus on your core business while we take care of the tax compliance.

Penalties and Fines Associated with VAT Return Filing

Failing to comply with VAT return filing requirements in Dubai can result in significant penalties and fines. The Federal Tax Authority (FTA) imposes the following:

Late Filing: AED 1,000 for the first late filing and AED 2,000 for subsequent delays.
Incorrect Filing: Fines are levied for incorrect information or omissions in your VAT return, with penalties ranging from AED 500 to AED 5,000 depending on the severity of the mistake.
Failure to Maintain Proper Records: Businesses failing to keep accurate VAT records may face fines of up to AED 10,000.
To avoid these penalties, ensuring that your VAT return filing is accurate and timely is crucial. At Golden Falcon Consultants, we ensure that your business stays fully compliant and avoids any unnecessary financial repercussions.

Penalties and Fines Associated with VAT Return Filing

How do Golden Falcon Consultants assist you with VAT Return Filing Services?

At GFC, We offer expert VAT return filing services in Dubai. Here's how we can help:

  • 1.From initial VAT registration to regular VAT return filing, we provide a full range of VAT services to keep your business compliant.
  • 2.We understand that every business is unique, and we tailor our VAT filing services to your specific needs.
  • 3.Our experienced team ensures that all your documents are in order, and VAT calculations are precise.
  • 4.We stay updated with the latest VAT regulations, ensuring your business always meets the FTA's requirements.
  • 5.Our relationship doesn't end after filing your VAT return. We offer continued support for any VAT-related inquiries or audits.

Contact Golden Falcon Consultants today to ensure your VAT return filing is accurate, timely, and fully compliant with UAE regulations. Let us handle the details, so you can focus on growing your business!

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