VAT Quarterly Filing

For VAT Quarterly Filing in the UAE, Tax-Time Counsels offers end-to-end support to ensure full compliance with Federal Tax Authority (FTA) regulations. Here’s a breakdown of the services we provide:

VAT Quarterly Filing Services (UAE)

1. Data Collection & Review

   • Gather all relevant sales, purchase, and expense data for the quarter.

   • Review tax invoices, credit notes, and supporting documentation.

2. Input & Output VAT Calculation

   • Accurately compute Output VAT (sales) and Input VAT (purchases/expenses).

   • Reconcile VAT amounts with accounting records to ensure accuracy.

3. VAT Return Preparation

   • Prepare the VAT Return (Form 201) as per the FTA guidelines.

   • Ensure all values are correctly reported in the appropriate boxes.

4. FTA Portal Filing

   • File the VAT return online through the FTA portal on or before the due date.

   • Confirm successful submission and share acknowledgment with the client.

5. Payment Assistance

   • Provide payment instructions and assist in calculating the amount payable to the FTA.

   • Ensure the payment is processed within the deadline to avoid penalties.

6. Compliance Review

   • Cross-check entries for accuracy and ensure compliance with UAE VAT laws.

   • Identify and address any inconsistencies or red flags before filing.

7. Client Advisory & Reporting

   • Provide a summary report of the VAT return filed.

   • Offer insights and recommendations for better VAT management in future periods.