VAT services

The UAE government implemented a Value Added Tax (VAT) Act on January 1, 2018 to a variety of commodities throughout the nation at an average rate of 5%. Businesses in the UAE may take advantage of VAT registration to recoup some of the cost of this new tax.

There are certain sectors which are exempted from paying or collecting VAT and is zero rated Tax )% VAT. This list comprises off:-

• Imports and exports within freezone and to international countries.
• Cargo, transportation services , be it for marine or air.
• A few education sectors and healthcare services sectors
• Sale of the residential property by the real estate company

VAT Return filing in UAE

VAT return filing is an integral component of VAT system used for the purpose of reporting the VAT collected and paid by the entity to the tax authority during the given specific time period. VAT Return Filing Services in UAE offer comprehensive VAT services with expert professionals to take care of all your VAT affairs and transactions.

RTS Business Consulting provides one of the best and leading VAT Return Filing in Dubai ensuring great peace of mind for our clients. We deal with complete VAT affairs and reduce the burden on your business.

What is VAT return filing in the UAE?

VAT return filing simply states how much VAT is to be paid or repaid by the tax authorities. Usually, VAT return is done quarterly and allows businesses to track the right financial path.

While carrying out your business, it’s better to be VAT compliant to avoid any unnecessary kind of penalty that becomes a hindrance in the way.

How companies process VAT return filing in the UAE?

Businesses file their VAT return using FTA or Federal tax authority portal and enter the details on VAT 201 form. The taxpayer should log in to the FTA e-services portal and access the VAT 201-VAT return form.

Enter the following details in the form,

• Information of the taxable person
• VAT return period
• Sales and output VAT
• Expense and input VAT
• Net VAT due
• Report requirements
• Authorized signatory and declaration

After submitting the application with all the required details, FTA confirms the submission of VAT return form through an email. After submitting VAT return, the taxpayer should pay the due tax through any of the payment channels like exchange houses, E-dirham, online transfer, over the counter payment, etc.

Our VAT services include the following,

• We compile all the relevant documents for VAT return filing and prepare returns at the end of each tax period.
• Exploit any loopholes and pay minimum tax liability
• Stand as your representative
• Ensure timely returns

VAT is not a tedious process with RTS Business Consulting; our business experts start from the scratch and deal VAT affairs with great transparency.
We ensure better understanding of your business and maximize your profit by providing the best VAT return filing in Dubai, We share your burden, providing dedicated VAT return filing services in UAE. Our qualified tax experts guide you through all the rules and regulations as well as updated VAT laws in the Emirates.