monthly for businesses with an annual turnover of AED150 million or more.quarterly for businesses with an annual turnover below AED150 million.A ‘tax period’ is a specific period of time for which the payable tax shall be calculated and paid.

Taxable businesses must file VAT returns with FTA on a regular basis and usually within 28 days of the end of the ‘tax period’ as defined for each type of business. When are businesses required to file VAT return? Before filing the VAT return form on the portal, make sure you have met all tax returns requirements. You must file for tax return electronically through the FTA portal:. Where the input tax exceeds the output tax, a taxable person will have the excess input tax recovered he will be entitled to set this off against subsequent payment due to FTA. Where the output tax exceeds the input tax amount, the difference must be paid to FTA. The liability of VAT is the difference between the output tax payable (VAT charged on supplies of goods and services) for a given tax period and the input tax (VAT incurred on purchases) recoverable for the same tax period.

Know your rights – Healthcare services (PDF, 139 KB)Ĭheck more guides, references and public clarifications from the Federal Tax Authority.Īt the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return’ to Federal Tax Authority (FTA).Ī VAT return summarises the value of the supplies and purchases a taxable person has made during the tax period, and shows the taxable person’s VAT liability.

Know your rights – Education (PDF, 140 KB).

Know your rights - Tax invoice (PDF, 4 MB).VAT treatment for imported goods (PDF, 336 KB).VAT treatment of properties (PDF, 2.63 MB).10 things you need to know about VAT (PDF, 1.64 MB).Guidance on zero-rated and exempt supplies (PDF, 1.44 MB).VAT treatment for selected sectors (PDF, 218 KB).It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent.

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