Quick Answer: How Do I File Nil VAT Return In UAE?

How do I file a nil VAT return?

How to File a Nil VAT ReturnLogin to your accounting software.Open up the VAT return for the quarter you need to file your nil return for.Make sure 0.00 appears in each of the boxes on the VAT return..

What is the VAT return form type in UAE?

Starting from 1st January 2018, the businesses registered under UAE VAT are required to file online VAT returns. The VAT returns are required to be filed on a quarterly basis and a few types of businesses may be requested to file on a monthly basis. The VAT return form 201 is at a summary level or a consolidated level.

What is the deadline for filing VAT returns online?

If you pay your VAT monthly or quarterly, the deadline for submitting your return and paying any VAT you owe is one calendar month and seven days after the end of the VAT period. For example, for the quarter ending 31 March 2017, your return must be submitted and payment cleared in HMRC’s account by 7 May 2017.

How do I get a copy of my VAT return in UAE?

Step 1: Login to Federal Tax Authority portal at www.tax.gov.ae with the registered user name and password. Step 2: Click on VAT 201 – New VAT Return option under the e-services section of the portal to open the VAT Return form. Step 3. Fill the details of standard rated supplies from box 1a to 1g.

How do tourists claim VAT refund in UAE?

How does it work?A tourist can request a Tax Free purchase, and must present a valid passport.The shop assistant captures tourist information using the Planet system.The shop assistant then places the Tax Free tag on the back of the sales receipt.A digital Tax Free form is then created.More items…

How do I file my VAT return online?

Downloading the KRA itax Excel fileLog in to itax.kra.go.ke with your PIN and password.On the main menu, click on “Returns”->”File Returns”Select VAT as the type of tax return.This will take you to a section where you can download the KRA itax excel file.Download the ‘Recommended’ file format.

What is the last date of VAT return?

28thThe last date to file VAT returns will be the 28th of the subsequent month following the end of the tax period. For quarterly VAT returns, due date will be 28th of the subsequent month following the end of the quarter. For the monthly return, the last date to file VAT return will be 28th of the subsequent month.

How do I file nil return 2019?

Step by Step Guide on How to File KRA Nil ReturnsStep 1: Visit KRA iTax Portal Using https://itax.kra.go.ke/KRA-Portal/ … Step 2: Log Into KRA iTax iPage Dashboard. … Step 3: Click On File Nil Return Tab. … Step 4: Select The Nil e-Return. … Step 5: Fill The Income Tax – Resident Individual Nil e-Return Form.More items…•

How do I file my VAT return in UAE?

To access the VAT Return Form 201, the taxpayer should log in to the FTA e-Services portal using your registered username and password. Form Navigation menu, select the ‘VAT’->VAT 201- VAT Return-> click on ‘VAT 201-New VAT Return’ to initiate the VAT return filing process.

How much is the VAT in UAE?

Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services.

How do I file a VAT return?

Click on ‘e-Returns’ or select ‘Returns’ from the navigation menu and click on ‘File Returns’ Select the Type, enter your taxpayer’s PIN and selects the Tax obligation as ‘VAT’ and Click ‘Next’ Fill all the details such as Type of return, Entity type, branch name and return period available in return filing page.

How long do I have to submit my VAT return?

The deadline for submitting the return online and paying HMRC are usually the same – 1 calendar month and 7 days after the end of an accounting period. You need to allow time for the payment to reach HMRC ‘s account.

Who pays VAT buyer or seller?

Value Added Tax (VAT) is charged on most goods and services sold in the UK, which means for marketplace retailers you’ll pay VAT on seller fees, and may also be required to charge VAT. With the standard VAT at 20%, it’s important that you fully understand your VAT obligations.

Can I do my own VAT returns?

It is also possible to input all your VAT information into an approved app yourself but then ask your accountant to check it before they submit it to HMRC. If, like a lot of small businesses, you file your own VAT returns, then an accountant will be able to guide you when choosing the right software.