VAT in UAE

                             ARC Associates….. Move Forward Together UAE announced the August 29, 2022 deadline for Filing VAT returns by FTA (Federal Tax Authority). What is VAT Return Filing? Filing the VAT Returns is going to be a necessary process after the implementation of the Value Added Tax. The TAX RETURNS would be filed on a quarterly basis every year. The FTA adopts no manual method. However, the returns will be filed using the online portal  www.tax.gov.ae . Every taxable person registered with the FTA will have to file the VAT return on a quarterly basis within the time specified by the authorities. It is essential to file the returns for your business timely and accurately in order to avoid hefty penalties. VAT Returns Filing Why choose us? ARC Associates, Auditors, and Consultants in UAE will help the businesses in filing the tax returns to the Federal Tax Authority. ARC Associates will provid...

  What is VAT Health Check? It is the responsibility of the taxpayer to make sure that everything is in line with  FTA (Federal Tax Authority)   rules and regulations. A VAT health check is a type of VAT audit to identify the errors in the VAT by reviewing and analyzing the previously filed VAT returns and VAT refunds. The VAT health check enables a business to identify any mistakes in the VAT and make corrections to them before getting a penalty from FTA. It is the responsibility of the business to follow the rules and guidelines of FTA while handling VAT. FTA officials are conducting a VAT audit regularly of different companies in the UAE. If the FTA auditors find out an error or mistake in your VAT, they will impose VAT fines on your business.   Check VAT Health                Why is VAT Health Check is Important? The  VAT health check  provides an opportunity to review your current practices and brings issues to l...