VAT return filing needs to be monitored carefully which is only possible with collaboration with the best VAT consultants in Dubai. A VAT return enlists the total number of supplies and purchases of the taxpayer that were made during the tax period. It also summarizes all the information on VAT liability. The report is delivered to the Federal Tax Authority (FTA). This procedure is carried out at the FTA’s online portal with all the necessary return requirements.
VAT return filing is done when the difference between output and input tax is recoverable. The difference is paid to FTA if the output tax is more. However, if the input tax is more, then the difference can be used to compensate for payments due to the FTA.
How is VAT Filing Done?
FTA provides an online portal for VAT return filing. The following details are filled in the VAT 201 form:
- Information about the taxable person
- VAT return period
- VAT on sales and other related outputs
- VAT on expenses and other related purchases
- Net VAT due
- Any other requirements
- Declaration and authorized signature
Businesses need to file a VAT return within 28 days after the cessation of the tax period. For facile execution of the process, you need to hire a VAT consultancy firm. Here, are the 5 best VAT consultants that can assist in VAT return filing in Dubai.
- AKA Management Consultancy
- Alliott Management Consultancy
- NSKT Accounting
- Bestax Chartered Accountants
- BMS Auditing Chartered Accountants
AKA Management Consultancy
Since VAT return filing is a conscientious process, AKA management consultancy is the best VAT consultants in Dubai who can attentively manage this process. Their VAT experts can help your business in the VAT filing process and assist throughout the procedure. The VAT expert team at AKA have been working together with the FTA and other business since the implementation of the VAT. To avoid even the slightest inconvenience, it carries out the VAT filing process diligently. AKA VAT experts own comprehensive knowledge and experience in both local and international issues and can secure the sustainable growth and success of your business.
Alliott Management Consultancy
Alliot Management Consultancy has authorized VAT agents that serve to evaluate and prepare the VAT return of your business, generate your statistical declarations, and form a management report that helps to strengthen your systems and adherence to the laws and regulations. Furthermore, their team also serves to provide periodic checks of your controls and compliance with VAT laws so you are not notified of any tax liabilities from the FTA. As there is only 28 days time period for VAT filing, the team manages to file VAT returns efficiently within the given time frame. Alliot provides multiple solutions that are appropriate for your business.
NSKT accounting believes that VAT return filing can be a tiresome task for businesses with little to no information about its process. Therefore, their VAT experts deliver highly effective services using the latest technology. They have managed to get an unbelievable clientele for their efficacious VAT filing services. NSKT serves to:
- Gather and compile all transactions to file VAT returns in FTA’s specified format
- Form a report and consolidate sale, output, and input VAT information
- Compliance maintenance
- Meet the deadline
- Utilize modern technology for smooth VAT filing
- Represent FTA-approved tax agents on behalf of customers in front of the authority if needed
Bestax Chartered Accountants
Bestax proves to be an ideal solution to complete the VAT return filing process as per FTA standards for various enterprises throughout the UAE. With a dedicated team, the VAT professionals provide services to both national and international clients. Their VAT consultants thoroughly review the required information periodically. Also, they ensure that your company follows all the VAT laws. Vestax provides complete assistance in filing VAT returns in accordance with the VAT laws.
BMS Auditing Chartered Accountants
BMS auditing appoints a skilled and knowledgeable team to comply with your VAT services. They provide the following VAT return filing services:
- Remind you of the VAT return and acquire your bookkeeping records
- Complete your VAT return filing and verify their accuracy
- Submit VAT return to the FTA after your approval
BMS auditing provides extensive VAT services to make you worry-free and ensure VAT compliance. In case of any queries related to VAT return services, you can consult their customer support team anytime.
Why AKA Management Consultancy?
Incomplete information in the VAT form on FTA’s online portal or failing to submit a VAT return on time can result in serious consequences. AKA management consultancy proves to be the best VAT consultants in Dubai as they provide valuable VAT filing services within time and thus, make you trouble-free.
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