Accotax Accounting Services

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VAT Return Filing

Any VAT registered organizations or the ‘taxable persons’ should submit a ‘VAT return’ to FTA. A VAT return summarize the value of the supplies and purchases a taxable individual has made during the tax period, and shows the taxable person’s VAT liability . Our Team of tax professionals would help you in finishing the entire form and in filing the return by the date specified by the FTA , Taxable organizations must file VAT returns with FTA on a consistently and usually within 28 days of the end of the ‘tax period’ as defined for each kind of business. A ‘tax period’ is a particular period of time for which the payable tax shall be determined and paid. The standard tax period . Failure to file a tax return within the time frame will make the violator obligated for fines