VAT Return Filing-How to file VAT Return in UAE | how to file VAT return on Emaratax portal UAE

VAT Return Filing-How to file VAT Return in UAE | how to file VAT return on Emaratax portal UAE
VAT Return Filing-How to file VAT Return in UAE | how to file VAT return on Emaratax portal
On clicking 'VAT 201- New VAT Return' as shown in the above image, various sections of VAT return form will open. Let us discuss the step by step process involved in filing the VAT Tax return along with the information required to be furnished in each of the following sections.
In the above section, details such as the "TRN" or "Tax Registration Number" of the taxpayer, as well as their name and address will be captured. These details will be auto-populated.
In case of tax agent submitting the VAT return on behalf of a taxpayer, the details of TAAN (Tax Agent Approval Number) and the associated TAN (Tax Agency Number) along with the Tax Agent and the Tax Agency name are populated at the top of the VAT Return.
The details in the above section such as VAT return period for which you are currently filing a return, the Tax Year end, VAT return period reference number and VAT return due date will be auto-populated.
The tax year end is important for businesses who are not able to recover all of their input VAT and need to perform an input tax apportionment annual adjustment. Such adjustment is allowed only in the first return following the tax year end. VAT return period reference number indicates the VAT return period which you will be completing within that tax year.
If the VAT return period reference is 1, those affected businesses should include their input tax apportionment annual adjustment in that VAT return. Businesses need not worry now, because this is applicable after 1st year of VAT return i.e. from 1st January, 2019 onwards.

In the above section, you need to furnish the details of standard rate taxable supplies at the Emirates level, zero rate supplies, exempt supplies, supplies subject to reverse charge mechanism, etc.
In the above section, you need to furnish the details of purchases or expenses on which you have paid VAT at a standard rate of 5% and supplies subject to reverse charge basis along with the eligible recoverable input tax.
This section indicates your VAT payable for the VAT return period. The box number 12: Total Value of due tax for the period indicates the total value of output tax that is due for the Tax Period. This will be calculated based on the information declared in Sales and all other outputs. This will be the sum of the Output VAT and Adjustments columns in the Sales and all other outputs.

Similarly, box number 13: Total value of recoverable tax for the period indicates total value of Input Tax that is recoverable for the Tax Period. This will be calculated based on the details furnished in VAT expenses and all other inputs section. The box number 14 indicates the payable tax for the period. This will be the difference between the total tax due for the period and the total recoverable tax for the period. Either it will result in net VAT payable or recoverable tax.
If the amount in Box 12 is more than the amount in Box 13, the difference is the amount of VAT that you must pay. If the amount in Box 12 is less than the figure in Box 13, then you will be eligible to request a refund for the net amount of recoverable tax or carry it forward to the subsequent VAT return period

This section is applicable only for businesses who have used and applied the provisions of the Profit Margin Scheme during this period. Else, you can tick ‘No’ and proceed to the next section. This is just an additional reporting which does not have any financial impact on your VAT Return.
In the above section, provide the authorized signatory details and tick the box next to the declaration section to submit the VAT Return. The taxpayer also has an option to save the details as a draft and submit it later.
Before submitting the VAT Return, the taxpayers have to take utmost care in verifying all the details and only when he or she is certain that all the information is correct, click the submit button. After the successful filing of the VAT Return, a taxpayer will receive an e-mail from FTA confirming the submission of VAT return form.

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