Timely and precise tax return filing is not only mandatory for operating businesses but also plays a critical role in the overall success of them. Since VAT is expected to be applicable in Ajman Pearl, Ajman from January 2018 onwards, businesses need to prepare for VAT return filing in Ajman Pearl, Ajman to avoid missing any major step.
After the implementation of VAT, the returns by businesses should be filed at regular intervals. This duration is supposed to be 3 months which means 4 times a year or in some cases, it could be 12 times a year. To enable ease in filing, the government has made arrangements for online filing of VAT through the Federal Tax Authority Portal.
At United VAT, we not only give trusted advice to businesses of all sizes in regard to VAT Registration and VAT Return Filing in Ajman Pearl, Ajman but also provide complete assistance with respect to the same. Our certified tax professionals would ensure that your VAT returns are filed within the specified time in each tax period.
They are also obliged to provide proper guidance for the payment of Minimal Tax Liability as per the stated guidelines under the UAE VAT law.
Backed by years of expertise and insightful domain knowledge, United VAT aspires to become your most trusted partner when it comes get VAT ready. We have been working for a number of businesses in the Ajman Pearl, Ajman region to help them make sustainable arrangements to embrace the new tax regime.
Call us today to know more about VAT return filing in Ajman Pearl, Ajman.
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Registered businesses are expected to file VAT returns on a regular basis. It is expected that the default period for filing VAT returns will be three months for the majority of businesses.
The VAT rates will be charged at single rate at 5% in UAE on taxable goods and services.
Government may carry out this audit directly or through its registered agents to check the tax returns of the companies. Businesses are needed to maintain physical records of all purchases and supplies as also maintain complete registration details of suppliers and customers.
Just imagine that X trading runs a coffee shop and spends AED 100,000/- on getting raw materials, so input tax becomes 5% of AED 100,000 = AED 5,000/-
Now after selling the food, the firm makes sale of AED, 2, 00,000. Considering 5% output tax, output tax becomes AED, 10,000. Therefore, the final VAT payable would be AED 5,000 = AED 10,000 – AED 5,000.
