VAT Return is the official VAT return form (VAT 201) used in the UAE to declare and report VAT obligations to the Federal Tax Authority (FTA). It is divided into several sections that capture essential VAT-related data:
VAT on Sales and Outputs
This section details the VAT collected from customers on all taxable sales, exports, and other taxable supplies made during the reporting period.
It includes both standard-rated and zero-rated supplies.
VAT on Purchases and Inputs
This section records the VAT paid on purchases, expenses, and inbound supplies that are eligible for VAT recovery.
Proper documentation like invoices must support the input VAT claims.
Net VAT Due or Refund
The system calculates the difference between output VAT (sales VAT) and input VAT (purchases VAT) .
If output VAT exceeds input VAT , the business owes the difference to the FTA.
If input VAT exceeds output VAT , the business can either claim a refund from the FTA or carry forward the excess to the next reporting period.
Mandatory Filing
All VAT-registered businesses are required to file VAT returns with the Federal Tax Authority (FTA) via the online portal EMARATAX . VAT returns are generally filed either monthly or quarterly , depending on the business’s turnover and regulatory obligations. Taxable businesses must file VAT returns within 28 days of the end of their tax period, which is a specific time frame used to calculate and pay the payable tax.
Deep-Rooted Understanding of Government Regulations
We are truly grateful to the accounting and tax team for their professional support. Special thanks to Golda and Lahiru and Kyleen! They prepared our tax returns quickly, ensuring everything was accurate and submitted on time. Assistance during the audit process was extremely valuable and helped us meet our deadlines smoothly. Their efficiency, professionalism, and clear communication gave us great confidence. Highly recommended!
JSJesus SANCHO CARRASCOSA
I hired Bazaar a year ago for my free zone Company in Dubai and they have performed really well. They have managed to revert a VAT fine for me as my passport was expired. They are professional . I recommend
EMeoin moore
Rukshan was fantastic.
Most professional. Team at Bazaar expedited the matter in hand, with most satisfactory outcome.
Highly recommend
AJAnirudh Joshi
Excellent service from Bazaar Accounting. Their team is highly professional, knowledgeable, and always ready to assist. The expertise and dedication shown across all departments are truly impressive. A reliable firm for accounting and tax services in the UAE. Highly recommended!
AMAbigail Manabat
Bazaar Accounting service has been consistently reliable and professional. The team is knowledgeable, responsive, and ensures payroll is processed accurately and on time. Their expertise in UAE labor regulations and payroll compliance gives us confidence that our operations are always in good hands. Highly recommended!
VMVERCIDE MANAROG
The team was highly professional, knowledgeable and, experienced. I would strongly recommend their services to anyone seeking reliable and dependable support in the UAE.
SSales33
Excellent Tax consultancy. Highly recommended.
GFGrace Fatima Ochangco
I got great advice for company formation services from BAM Advisors. The team was professional, helpful, and explained everything clearly. They made the whole setup process easy and stress-free. I would recommend them to anyone starting a business in the UAE.
JJJerryl Jay Caliza
Had an excellent experience, awesome staff and very helpful! Kudos! 🫶
CEChristian Escuadro
Their visa service is excellent, and they also provide good service for corporate clients. They explain every detail clearly and thoroughly.
APAnna Pavelko
We are truly grateful to the accounting and tax team for their professional support. Special thanks to Golda and Lahiru and Kyleen! They prepared our tax returns quickly, ensuring everything was accurate and submitted on time. Assistance during the audit process was extremely valuable and helped us meet our deadlines smoothly. Their efficiency, professionalism, and clear communication gave us great confidence. Highly recommended!
JSJesus SANCHO CARRASCOSA
I hired Bazaar a year ago for my free zone Company in Dubai and they have performed really well. They have managed to revert a VAT fine for me as my passport was expired. They are professional . I recommend
EMeoin moore
Rukshan was fantastic.
Most professional. Team at Bazaar expedited the matter in hand, with most satisfactory outcome.
Highly recommend
AJAnirudh Joshi
Excellent service from Bazaar Accounting. Their team is highly professional, knowledgeable, and always ready to assist. The expertise and dedication shown across all departments are truly impressive. A reliable firm for accounting and tax services in the UAE. Highly recommended!
AMAbigail Manabat
Bazaar Accounting service has been consistently reliable and professional. The team is knowledgeable, responsive, and ensures payroll is processed accurately and on time. Their expertise in UAE labor regulations and payroll compliance gives us confidence that our operations are always in good hands. Highly recommended!
VMVERCIDE MANAROG
The team was highly professional, knowledgeable and, experienced. I would strongly recommend their services to anyone seeking reliable and dependable support in the UAE.
SSales33
Excellent Tax consultancy. Highly recommended.
GFGrace Fatima Ochangco
I got great advice for company formation services from BAM Advisors. The team was professional, helpful, and explained everything clearly. They made the whole setup process easy and stress-free. I would recommend them to anyone starting a business in the UAE.
JJJerryl Jay Caliza
Had an excellent experience, awesome staff and very helpful! Kudos! 🫶
CEChristian Escuadro
Their visa service is excellent, and they also provide good service for corporate clients. They explain every detail clearly and thoroughly.
Streamlined Operations with Government-Approved Processes
