VAT Return is the official VAT return form (VAT 201) used in the UAE to declare and report VAT obligations to the Federal Tax Authority (FTA). It is divided into several sections that capture essential VAT-related data:
1. VAT on Sales and Outputs This section details the VAT collected from customers on all taxable sales, exports, and other taxable supplies made during the reporting period
It includes both standard-rated and zero-rated supplies.
2. VAT on Purchases and Inputs This section records the VAT paid on purchases, expenses, and inbound supplies that are eligible for VAT recovery
Proper documentation like invoices must support the input VAT claims.
3. Net VAT Due or Refund
The system calculates the difference between output VAT (sales VAT) and input VAT (purchases VAT)
If output VAT exceeds input VAT, the business owes the difference to the FTA.
If input VAT exceeds output VAT, the business can either claim a refund from the FTA or carry forward the excess to the next reporting period.
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Our Corporate Tax Impact Assessment approach covers the following areas:
All VAT-registered businesses are required to file VAT returns with the Federal Tax Authority (FTA) via the online portal EMARATAX. VAT returns are generally filed either monthly or quarterly, depending on the business’s turnover and regulatory obligations. Taxable businesses must file VAT returns within 28 days of the end of their tax period, which is a specific time frame used to calculate and pay the payable tax.
Benefits of Choosing Mazzoni Advisors
Full compliance with Dubai's corporate tax laws
Tax planning strategies to optimize savings
Audit support and representation if required
Experience assisting businesses of all sizes
Personalized service from dedicated account managers
Affordable rates and customized payment plans
In addition to the core services above, our advisors provide consultations on various corporate tax-related matters. This includes advising on tax implications of business restructuring, advice for expanding operations overseas, and guidance on claiming incentives/relief.
Why Choose Mazzoni Advisors?
As one of the longest-standing accounting firms in Dubai, we have in-depth market knowledge and a proven track record of successful tax engagements. Our team works hard to understand your unique business needs, from startups to established multinational corporations. We aim to form long-term partnerships and are always available to address your queries.
You can trust us to ensure full tax compliance professionally while keeping costs low. Contact us today to learn more about how we can help your company benefit from our comprehensive range of tax advisory services!
