A company is required to submit a VAT return and pay the amount of tax due within twenty-eight days from the end of each Tax period. The tax amount due or refundable for a particular Tax Period is calculated as a difference between total tax payable (output tax) as well as the input credit available. Excess of Output Tax over the Input Tax for a tax period is the amount of Tax Liability to be paid.

1. Our Tax professionals here at Abstract Tax Consultant will support you in the following areas:
2. We will visit your office on a periodical basis to compile the information for filing the VAT Return.
3. At the end of each VAT return period, we prepare the VAT return on behalf of your company in accordance with the U.A.E Laws.
   We ensure that the VAT returns are filed within the specified time in each tax period.
4. Proper guidance for the payment of Minimal Tax Liability as per the provisions of the U.A.E Law shall be observed
5. We will assist in preparing your company or Tax Group Vat filing or validate your prepared return.
6. Our qualified and experienced consultants will ensure your returns are accurately submitted and comply with the current provisions of legislation.
7. Our aim is to ensure your workings will pass the UAE FTA audit, so we also advise how you can improve refund amounts and compliance
8. Following the submission of a VAT Return, the reported Payable Tax must be settled within the deadline. Failure in the payment before the due date would result in a late payment penalty consisting of:
9. (2%) of the unpaid tax immediately levied once the payment of Payable Tax is late
10. (4%) is due on the seventh day following the deadline for payment, on the amount of tax which is still unpaid
11. (1%) daily penalty charged on any amount that is still unpaid one calendar month following the deadline for payment with an upper ceiling of (300%)

Reach out to our certified FTA Tax Agents and let them help you save cost avoid any penalties and file returns on time.