VAT Return Filing

DgTx offers VAT filing services with complimentary cloud-based financial accounting software and mobile applications under the direction of an FTA-registered tax agent who ensures your business files its VAT return on time.

• Identifying organisation’s VAT return filing periods as per standard FTA’s requirements and guidelines.
• Analyse the Output VAT on sales as well as verifying the VAT calculation transactions on the sample base and even calculating the amounts to be exactly presented while filing the VAT return.
• Analysing the correctness of VAT calculation on every standard rated supplies as well as zero-rated supplies.
• Verifying recording accuracy of Exempt Supplies (in case if any)
• Verifying the exclusion out of scope supplies (in case if any)
• Analysing the reductions in value in sales and identifying the requirement of additional voluntary disclosures (as per standard FTA’s requirements) for implementing any change in previously filed VAT return.
• Supporting in preparation of VAT reconciliation on almost all Taxable supplies
• Review of Adjustments in Output VAT for Bad Debts (in case if any) & analysis of supplies under completely reverse charge mechanism in order to correctly record VAT obligation in due course of the VAT return.
• Analysing the transactions with free zones/designated zones and put correction to VAT implication (in case if any).
• Analysis of input VAT on all expenses as well as their correct VAT treatment.
• Analysing the adjustments (in case if any) for previously claimed input VAT.
• Determining the exactly correct input VAT under lawfully reverse charge mechanism that can be claimed in line with standard UAE VAT Law as well as Executive Regulations.
• Determinably exact calculation of net VAT payable/refund amount.
• Prompt initiation of VAT return forms numbered 201/311 as applicable.