How to file vat return in UAE

VAT has currently been introduced in the UAE and is mandatory for business units with an annual turnover of Dh375,000 and more. That being stated, this is necessary for business people to have a clear idea regarding the procedure of registration for VAT and very important how to file VAT return in UAE. The first VAT return has provided a cool off time for filing by FTA.Being knowledgeable about these important procedures would not just assist in filing VAT returns, but will give a holistic perspective of each point of the business’s operating activity as well. The VAT return filing in UAE refers to the presenting of a form that contains information about VAT related expenses and sales and is made throughout a specific tax tenure. The VAT return filling in UAE assists business units understand the amount of VAT that needs to be added as well as the origin of VAT retrieved or refunded.