VAT Return Filing – is a submission of an official report detailing taxable purchases and sales made by the Taxable person. VAT Return should be completed either by a Taxable Person, their legal representative or a Tax Agent and submitted online to the Federal Tax Authority (FTA) as per the schedule assigned by FTA, but no later than the 28th day following the end of the Tax Period (which is either one or three months).
|With respect to sales and other outputs:|
Supplies of goods and services made which are subject to the standard rate of VAT per Emirate;
Tax refunds you have provided to tourists under the Tax Refunds for Tourists Scheme, if you are a retailer and provide tax refunds to tourists in the UAE under the official tourists refund scheme;
Supplies of goods and services received by the Taxable Person which are subject to the reverse charge provisions;
Supplies of goods and services made which are subject to the zero rate of VAT;
Supplies made which are exempt from VAT;
Goods imported into the UAE and have been declared through UAE customs;
Where applicable, adjustments to goods imported into the UAE and which have been declared through UAE Customs.
|With respect to purchases and other inputs:|
Business Purchases and expenses that were subject to the standard rate of VAT and for which you would like to recover VAT, provided that the supply is not blocked;
Any supplies which were subject to the reverse charge for which you would like to recover input tax.
The amounts of VAT charged and input tax recoverable by the Taxable Person would then need to be netted off in the Tax Return. The resulting amount is the net VAT payable to, or to be refunded by, the FTA (i.e. the net VAT position).
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