VAT/Excise Filing

VAT/Excise Filing

At the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return’ to Federal Tax Authority (FTA).
A VAT return summarizes the value of the supplies and purchases a taxable person has made during the tax period and shows the taxable person’s VAT liability.

After registering under VAT/Excise, businesses are required to file periodic statutory declarations. VAT/Excise returns summarizing all the taxable transactions that the business has made in that specific period, have to be filed as per the tax periods stipulated by the FTA for each entity registered with the FTA. All the required information has to be recorded accurately on an ongoing basis. Further it is mandated for businesses to declare the VAT that has been charged on sales (output VAT). The VAT that has been paid (input VAT) by the company can be recovered, subject to the input tax recovery conditions provided in the relevant regulations.

It is imperative that VAT/Excise returns are accurately compiled based on the underlying accounting records and must accurately reflect the amount that is due to/from the government. Any errors in filing statutory returns not only attracts fines and penalties but may also lead to loss of reputation.

We Work Very Professionally And Have Experience

TXTK Consultants is here to assist you with ensuring that you meet the eligibility criteria and get VAT registered without a thing to worry about.

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TAX Preparation

We review your Financials Statements & Transactions and work with you to prepare for TAX related reports required for filling, as per laws.

VAT Registration & Filing

If you have not registered your Business with the UAE FTA, we can assist you with the registration and also take care of VAT filling on a quarterly basis.

Financial Statements

Based on the monthly/quarterly Financial Transactions, We help you in preparing all Financial and Management reports - Including P&L statements etc.

Process Advisory

After a careful analysis, we advise you on how you can strengthen your Accounting & Finance Policy & Processes, to safeguard company interests.

With A Professional Team We Are Ready
To Help Your Needs

Our wealth of experience in the field of business consulting helps us to
make the process smooth and uncomplicated.

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