A VAT return is the periodic declaration filed by a VAT-registered business with the FTA, reporting output VAT collected on sales and input VAT paid on purchases. The net difference is either paid to the FTA or claimed as a VAT refund.'
Most UAE businesses file quarterly — within 28 days of each period end. Businesses with annual taxable turnover above AED 150 million are assigned monthly filing. The FTA assigns frequency at registration.
Total taxable sales by emirate, zero-rated and exempt supplies, taxable supply values and output VAT, total purchases and input VAT (blocked amounts excluded), adjustments for credit notes or bad debts, and net VAT payable or refundable.
AED 1,000 for the first late filing offence, AED 2,000 for repeat violations. Late VAT payment: 2% immediate penalty plus monthly increases. These compound quickly.
Finanshels prepares and submits your quarterly VAT return — from general ledger reconciliation to EmaraTax filing. Every return is reviewed before submission. See our VAT filing service and VAT services.
