A company should take care of its financial very well. Taxes should be filed within regular intervals of time to avoid any legal issue. VAT or Value Added Tax return is also known as the tax return is a statement which a person is entitled to submit to authority. The standard VAT returning filing period is every quarter.
Some authorities may request a certain type of business to file VAT monthly to reduce the risk of tax evasion and improve the monitoring of compliance by the business. VAT return filing UAE is an integral component of the tax system for VAT collection paid by various entities to the main authority.
How can we help you?
Our company has trained and talented experts who can support you and provide guidance in filing your tax returns. Our team will regularly visit your company to collect the records and information necessary for the filing of tax returns. At the end of each period, we will prepare and submit the tax on your behalf per the VAT laws applicable in UAE.
Our tax experts’ team will also provide you guidance and advice regarding payments of tax liabilities with the VAT law. Proper tax planning will be performed by the team to avoid any extra cost later due to the delay of the filing. Our team makes sure that all the taxes get filed within a specified period following budgeting in UAE.
VAT return compliance
It is compulsory that all the entities should be VAT compliant and they must strictly follow the rules and regulations that include software, books of accounts and various other mandatory procedures. The procedure of filing VAT return in UAE comprises of compliance on record keeping, transaction verification and compliance on VAT return filing.
The taxable person must provide information about tax payable with input cover available against the output tax. If the output tax exceeds the input tax, the entity is liable to pay exceeding the amount to the tax authority as per the taxation laws.
Effective use of technology
Our team operates on the best accounting software Dubai that makes it easy to manage finances by creating and sending invoices to our clients with proper reports. Accounting software not only allows us to secure access to your accounting data but also manage it effectively to enable us to send you reminders of filing the taxes. It is very powerful software that is capable of handling businesses comfortably and managing their finances by keeping a check on money flow in the organization.
Some of the advantages of using our accounting software are
- It helps to control expenses in simple terms
- It effectively manages customers and invoices
- It records, monitors and reconciles bank accounts and details
Our accounting software is an extensive business module that provides advanced level features and functionalities to control your profits. Switch to a smarter way of filing taxes and be tension free to manage all your finances by being a part of our family. Our focus and aim is customer satisfaction and you will never be disappointed by it.