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Showing posts with the label vat law uae

VAT Return Filing in the UAE – Simply Solved

Filing VAT returns under the UAE VAT law can be a straightforward process if approached systematically. This guide breaks down the procedure into clear steps, explains key concepts, and includes examples to help businesses comply with the VAT regulations effectively. 1. Logging into the FTA Portal To begin, VAT returns must be filed online through the Federal Tax Authority (FTA) portal. Here's how to access the system: Visit the FTA Website : Go to the official FTA website. Log In : Use the email ID and password associated with your account to log in. Access the Dashboard : After logging in, you will be directed to your dashboard. This page displays: TRN (Tax Registration Number) Business information such as name and address Tax period (monthly or quarterly) VAT return due dates 2. Navigating to VAT 201 Form Once logged in, follow these steps to access the VAT return form: Go to VAT Returns Section : Click on "VAT 201" under the VAT returns menu. Select VAT 201-New VAT R...

A Complete Guide for VAT Registration on UAE FTA (Federal Tax Authority)

Understanding how to file Value Added Tax (VAT) online in the UAE is crucial for businesses operating within the region. This guide will walk you through the essential steps to register your company for VAT, complete the necessary forms, and submit your VAT returns efficiently. What is VAT, and Who Needs to Register? VAT is a consumption tax applied to most goods and services. In the UAE, businesses are required to register for VAT if their annual taxable turnover exceeds AED 375,000. However, companies with a turnover of at least AED 187,500 can opt for voluntary registration. Key Points to Consider for VAT Registration Mandatory Registration Threshold : AED 375,000 annual turnover. Voluntary Registration Threshold : AED 187,500 annual turnover. Exempted Supplies : Supplies exempt from VAT are not considered when calculating turnover. Taxable Supplies Categories : Includes standard-rated supplies, zero-rated supplies, and reverse-charged imported goods. How to Register for VAT Online ...

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