'HOW TO' GUIDE | STEPS TO VAT RETURN FILING | UAE | FTA PORTAL Quarterly Tax Submission Online Dubai

[@mehrunnisha5573]

Please make a video for salon in ummal quwain from starting to end

[@rajabconstructionco.9973]

Very good information helpful and great advice excellent explanation amazing knowledge opportunity will done salute sir valuable video thanks you God bless you always brother sir jai hind 🇮🇳 I am from India 🇮🇳

[@MSIAuditors]

So nice of you

[@johnankitgomes5442]

Seriously you are amazing. I just love the way you explain. Thank you Sir.

[@MSIAuditors]

Thank you for the positive feedback. We are glad you find the content useful. -MSI Team

[@harekrishnayoutube3466]

Valuable information, thank you so much indeed for your time and efforts in posting this video brother!!

[@MSIAuditors]

Thank you for your continued support!

[@aftabulislam6212]

And sir when will pay next vat?

[@vaseemmisri6075]

hi 3.(supplie subject to the revenue charge provision ) in this sales columns we have post entries of sales return ? could you tell

[@MSIAuditors]

No, there we enter only expenses that qualify as RCM but are not import of goods.

[@KHAN-2026]

HI SIR CAN U MAKE VIDEO FOR WPS SYSTEM ENTRIES ONLINE

[@IreshaRanadewa]

its very clear and useful. can you mention , if we have already paid for the customs, but vat is not linked. in which column we have to put that amount. because that amount wedon'tt need to pay again

[@FNMPROPERTIESLLC]

Thanks for the info. Just to make sure, Sales that are not paid but invoiced on the said Taxable Period won't be included? Also, just to confirm, Sales (without VAT) invoiced on a different period but paid on the said taxable Period doesn't go with the Standard Supplies but rather go to Zero rated Supplies or Exempt Supplies? Hope I get an answer soon! Thanks

[@vibudev]

Hi ,many thanks for you video . We have IT service invoice for japan (JPY) where there is no Vat charged in invoices. Should i declare the amout and Vat in column 3 and column 10? Is that how the same can be treated

[@MrKingRamandeep]

Hi sir I fill this from and submitted but last quarter vat paid was 3k and received only 1080 dh and this time I received 1560 dh vat amount so still I don't have to pay any money to Government or ?? Plz help me

[@MSIAuditors]

Dear Sir, It is not clear on the exact question. In the case of having 0 output VAT and 1,560 input VAT, you can file the return and request a refund. No payment needs to be made. If you need any further help you can contact one of our experts at 0556460108 -MSI Team

[@ffrvlog]

while filing do we need to show purchase amounts (Taxable amount) in the standard rates expenses column for goods sold under the profit margin scheme or just adjust the taxable amount in standard-rated supplies as per the VAT amount? Please Advise

[@sadiqbatcha3822]

Can you explain once more with example for serial no 3 and 6

[@MSIAuditors]

Dear Sadiq, You can call one of our experts to get some more detailed explanation on the same. You can reach them at 0556460108 -MSI Team

[@hossamfarrag4264]

Will i pay vat for taxable items that i have before getting trn number i mean we have items that we purchased before getting tax registeration number when i fill vat return will i put vat for those items i sold after get trn or not ?

[@MSIAuditors]

You will be allowed to claim these expenses in your first tax return post-registration.

[@visionplacement3625]

Sir please make a video on type of VAT and Rate of vats......

[@MSIAuditors]

We have already made many videos discussing the different applications of VAT rates. Hope the videos on our channel are useful for you.

[@IPL2024PlayOffs]

Hi. There was a carried forward adjustable VAT of AED 12000 when I submitted my previous quarter's VAT return. Now when I completed VAT 201 form this quarter, the previous carried forward adjustable VAT is not showing on my VAT return. What is the reason and how to resolve this issue?

[@SahibaAA-hz3mk]

Very Valuable information. Thanks. I have a question if you can help that would be great. If I have two separate entities in UAE which falls out of scope of VAT. But they have related party transactions do We have any compliance for VAT or any other UAE law.

[@MSIAuditors]

If the related party transaction is a taxable transaction then VAT registration must be done by the company providing the supply.

[@mohammedkunna8652]

Hi, thanks for your video. I want to know the duration of time I am in title to claim a vat return for purchasing a vehicle for the business. The vehicle was purchased on 6/3/2022. Do I still have the right to apply for a vat return within the full tax year or is there only a specific time, Thanks

[@MSIAuditors]

Hi Mohammed, We normally recommend first checking if you qualify to claim the vehicle purchase in the first place. In most cases, this is disallowed.

[@jilbijoseph2764]

Thank you bro

[@SaddamHusain-kq6nf]

Excellent 👍

[@mahavir.24]

Bhai Oman main VAT return filing karne ke liye video banao.

[@MSIAuditors]

We are considering doing so.

[@shif9429]

Do we also have to attached the working papers for the tax filed? How do we do that? Thank you!

[@MSIAuditors]

Normally no, unless a refund is required to be filed.

[@shif9429]

@@MSIAuditors thank you!

[@shibugeorge767]

I have one doubt, we are working with a software company in India and another country for some services. In the VAT filing the amount we paid to be added under supplies with reverse charge provision ?

[@MSIAuditors]

Yes, you must. Your understanding is correct.

[@damu26basky]

Hi if my customer return some goods by hand , Were do I declare If we get the good returned back from export sales we made , can I use box 3 to declare it

[@MSIAuditors]

You may raise a tax credit note and reduce the output VAT by the same figure when filing. -MSI team

[@damu26basky]

@@MSIAuditors thanks for your reply

[@dhruvsharma100]

Very good way to teach. 🙏🙏🙏

[@MSIAuditors]

Thank you. We are glad this information is useful for you. -MSI Team

[@mohammedayman6230]

Hi I would like to know what should be my next steps from hereon. our business stopped and the last sales was occurred on april 9th 2021. i filed vat return for last quarter and now i woul like to deregister our business from FTA what documents are required since the owner decided to shut the business ?

[@MSIAuditors]

Thank you for your question. You would need to provide the turnover declaration letter and a board resolution stating that you will no longer conduct business, and the income will not cross the registration threshold. -MSI Team

[@baburaj3534]

Hi, good afternoon. Can you please advise how to download the vat return from Emaratax

[@MSIAuditors]

You can only save it as screenshots now.

[@KhuramShahzad-rw9me]

Hi, If a mainland company sold the good to Designated zone company but mainland company vendor directly shipped good from foreign country to designated zone company. Will this treat out of Scope Sale? Let me explain with the help of Example: If a mainland company Vendor are located in USA and its customer is in Designated Zone . Mainland company directly shipped the good from USA to Designated zone company name.

[@MSIAuditors]

Thank you for your questions. To answer this for sure further documents are needed. However, in general this will be out of scope of VAT.

[@akunhi001]

In case of import I have to pay VAT for full import on due date or upon selling those items. Please clairfy

[@MSIAuditors]

The VAT on import is due on the date of import itself. However, in most cases, this can be claimed back using the reverse charge mechanism.

[@zeeshanvlogs5907]

Can we add fuel bills of company vehicle in VAT? Please reply

[@MSIAuditors]

Well, this is not too clear in the law, however, we normally recommend not to claim this amount. -MSI Team

[@DubaiShow]

sounds Very Informative thanks for that , however you are very fast difficult to catch your steps while you are showing on system . Then it goes for toss who are slow learners like myself..

[@MSIAuditors]

Hi Mithun, thanks for the feedback. We will try to slow down a bit on your future videos.

[@MSIAuditors]

For this specific video, since it is already uploaded, you may change the playback speed in the settings of the video. Hope this helps -MSI Team

[@DubaiShow]

Thanks you so much for you prompt reply..I respect that and shows your professionalism.. Much thanks from dubai .. I am thinking to choose Jr accouting as my carrer , If you would consider Giving me training I would be Thankful forever ?

[@MSIAuditors]

@@DubaiShow So far we provide corporate training only.

[@sessinvarghese3585]

Kindly update with new site

[@MSIAuditors]

We will be posting a video shortly on the new system. -MSI Team

[@RahulR-cl4lx]

Sir,Please advise me about how can we adjust the previous month Refundable amount with current period VAT payable amount?

[@MSIAuditors]

Dear Rahul, I am assuming you have a monthly return filing request. In such a case the payable amount is automatically adjusted with the refund. You can check the payable amount in my payments section. -MSI Team

[@RahulR-cl4lx]

@@MSIAuditors Sir,Thanks for your reply..

[@naveenkarna1621]

Hi, can you please explain how and where to report credit notes and the related tax adjustment which are issued to customers during the current quarter, against invoices issued in earlier quarter.

[@MSIAuditors]

Tej taxable supplies disclosed must be net of the credit notes itself. -MSI Team

[@sirajudheenkv3881]

Where we can mention the zero rated purchase & unregistered supplier purchase

[@MSIAuditors]

This does not need to be mentioned in the TAX return. -MSI Team

[@sirajudheenkv3881]

@@MSIAuditors Thank You

[@mazyedgas1513]

DEAR SIR...CAN YOU PLEASE MAKE A VIDEO ON HOW TO DO PAYMENT VIA GIBAN

[@MSIAuditors]

The process to make payment by GIBAN varies from bank to bank.

[@arjkh]

We are a free zone and provide IT services outside of UAE/GCC. I am filing my VAT returns with all income under zero-rated supplies with no VAT payable. Does this come under 'Out of Scope'? Should I not disclose any income at all? Secondly, am I eligible to collect VAT re-imbursement on my local expenses?

[@MSIAuditors]

Hi Arjun, this falls under 0 rated sales. You are also eligible to claim input VAT on your expenses. -MSI Team

[@denlimireo3667]

How can i do this using bank statements of time period ??

[@MSIAuditors]

Is your question on making the turnover declaration form?

[@MSIAuditors]

Do you have any other VAT issues you want to be sorted? Mention it in the comments section. #vattips #vat #vatreturn #taxhelp

[@sugarmin2723]

Hi if a establishment has a penalty due to late filing where can we pay? And what if a establishment has not been operating for a couple of months is there a way we can waived the penalty? Thank you

[@MSIAuditors]

@@sugarmin2723 You have the following options to make a payment- - credit card -e-dirham card - Bank Transfer - Exchange house If you want to waive a penalty, you can apply for a reconsideration form. If you have any more queries feel free to give us a call at 055 64660108 - MSI Team

[@ifti93ahmed47]

Why would it be required to enter import VAT in box 3 (VAT paid upon entry of goods into UAE when box 10 is made for the same purpose? Because if we populate box 3 and box 10 with same recoverable VAT they would result into 0 (that is, import VAT to be claimed will become 0). Moreover, the input VAT entered in box 9 doesn't include import VAT when calculating input VAT (purchases). Simply if 1050 was paid as in VAT on import, it means it is claimable. But box 3 makes it seem like it is an output VAT (sales) which it is not. So box 3 output vat 1050 - box 10 input vat makes it 0 net result. P.S. The VAT is not reflected in box 6 so box 3 is used.

[@MSIAuditors]

​@@ifti93ahmed47 Thank you for reaching out. It is not entirely clear what the exact question is. Box 3 is only used to enter in the following cases - 1) In case of import of service, or 2) In the case of certain imports that have not gotten prepopulated in box 6 In the case when you have directly paid import VAT to the freight forwarder, you can claim that VAT in Box 9, this does not need to be disclosed in Box 3 as well. If we have not answered your question it would be great if you could have a quick call with one of our experts. You can reach them at - 04 2650789

[@ifti93ahmed47]

@@MSIAuditors thanks for right answer(i.e. if VAT already paid to freight forwarder it would not be mentioned in box 3, 7, or 10). Such obvious material was missing throughout videos available across youtube. 1/2

[@MusicMattersPH]

Hi! i have a question, in my FTA portal i can't find the the "VAT201-New VAT Return" can u help since my Due is approaching - My First VAT Return Due Date is 28 Jun 2022.

[@MSIAuditors]

Since it is due only in June, the button will be activated on the 1st of June only. -MSI Team

[@MusicMattersPH]

@@MSIAuditors thank you :)

[@saidmustafa6838]

Hello Sir, Greetings of the day, Sir when I was filing my Return for this Quarter on FTA . As I clicked on Submit then I chose "Oldest Liability Cleared First" By mistake While my previous VAT Return submitted correctly there is no issue, not any Error. now my VAT Return show in VAT211- Voluntary Discloser tab. if i choose edit there is an option to submitted a Letter for V.D. explain. Please guide me what I do? thank you

[@MSIAuditors]

Selecting the oldest liability to clear first does not have any connection with the voluntary disclosure. Is the disclosure drafted or submitted? -MSI Team

[@saidmustafa6838]

no sir, neither disclosure drafted nor submitted. in VAT211- VAT Voluntary Disclosure tab, VAT return show two option view and Edit. if I click edit there is an option "upload a letter which would provide the background facts and a detailed description of the error(s) disclosed in this Voluntary Disclosure Form." should I prepare a latter about my issue and upload it?

[@MSIAuditors]

@@saidmustafa6838 Have you made a mistake in the VAT return filed? If so what was it?

[@saidmustafa6838]

@@MSIAuditors No sir not made any mistake. sir I called FTA. they analysis my problem and inform me my VAT Return submitted correctly and also deduct VAT amount from my Cr. fund. no need to worry now its sort out. And thank you so much sir for your continue discussion about my issue. I appreciate your Time. Thank you so much sir. Good Day sir

[@MSIAuditors]

@@saidmustafa6838 Glad your problem is clarified.

[@mohdrafeeq3567]

hello sir we paid municipality 150 dhs . can we claim vat return on it. if we purchased any goods for office use from grocery and super market.they always give invoice without company name and trn number. can we claim vat return on that invoice.

[@MSIAuditors]

Regarding the municipality charges, if there is VAT on it, and it meets the conditions to claim the VAT, then it can be claimed.

[@MSIAuditors]

Also regarding other purchases, we have explained in the below video if you are allowed to claim. - kzbin.info/www/bejne/Z3PcaJePmK9jfsk

[@vasihallare]

Slaes return or credit note which box we mention

[@MSIAuditors]

If it is a local sale, then it will be deducted in the respective emirate-wise output VAT

[@khiladigaming1839]

Suppose my businees have zero input and output in this quarter, then while filing VAT can i show zero everywhere . And pay zero VAT

[@MSIAuditors]

Yes, this is allowed. A nil return may be filed. Do note if there are exempt and 0 rated sales they need to be included as well.

[@biplobtalukder3748]

I own a company in Ajman Free Zone and purchase goods from suppliers in Singapore, China, and Hong Kong. These goods are shipped directly to my customers in Bangladesh. I make payments to the vendors from my UAE bank account, and the sales proceeds are also received in the same account. I would like to know where I should account for the purchase amounts made outside the UAE in my financial records and which section or field in the UAE VAT Return should reflect these amounts.

[@MSIAuditors]

For VAT purposes as long as the goods do not enter the UAE, these can be considered as out of scope of VAT. This will not need to be shown in the tax return.

[@biplobtalukder3748]

@@MSIAuditors thanks

[@shalinithomas6773]

Is there any updation on VAT Return filing ?When trying to submit the Return, it shows " edit" again, even for filings on Nil basis . What are the dos and donts then , please clarify.

[@MSIAuditors]

The edit button now comes for you to edit the return without penalty before the due date.

[@sachinkoran9267]

After filing Tax return when we can make payment... If any problems after exceed the last date....?

[@MSIAuditors]

The tax filing and tax payment due date are the same. As long as the payment is made before the due date there will be no penalties.

[@sachinkoran9267]

@@MSIAuditors actually yesterday was last date.... But there is error while making payment that way we could not process the payment... So till we need to pay penalty

[@MSIAuditors]

@@sachinkoran9267 Unfortunately yes.

[@sachinkoran9267]

@@MSIAuditors in my Federal Tax site there nothing showing in penalty area. It's still zero.... So I need to wait until coming the penalty amount....???

[@MSIAuditors]

@@sachinkoran9267 normally the penalty is automatically applied. You will be able to see it in the "my payments" section. It is recommended to settle the liability at the soonest to avoid further penalties. -MSI Team

[@nahiyanation6126]

can i include my shop rent tax in 9no standard rated expenses?

[@MSIAuditors]

Yes, you may. -MSI Team

[@nahiyanation6126]

@@MSIAuditors can you tell me which can add and which can not add in section 9 no standard rated expenses?

[@MSIAuditors]

@@nahiyanation6126 We will be posting a video shortly on the expenses that cannot be claimed. Stay tuned. -MSI Team

[@MSIAuditors]

@@nahiyanation6126 We are posting a video on this, stay tuned! -MSI Team

[@mmorpe]

@@MSIAuditors Look forward to seeing video. I am a sole proprietary owner of company providing consulting services. Will be glad to know if VAT paid on personal and family insurance cover is recoverable?

[@hamzazahoor9556]

Bro, Your video is very informative for new learners but I have confiusion about that without mentioning the sales invoice number and related details how the purchaser(not end consumer) of same goods claim the VAT on the purcahses paid. In pakistan GST return, we will have to sumbit the full detail of the customer i.e NTN , gross sales and GST on it , it will not only allow customer to claim GST on it but also assist tax authorities to reconcile between supplier and purchaser .

[@MSIAuditors]

This is a good question. In UAE right now the specific invoice vise details are not being mentioned. This is only provided to the FTA in the case of a refund application or in the case of an audit. As of there is no system in place to verify the invoice vise details. Hope this helps. -MSI Team

[@hosanna7788]

Vat In : purchases. Vat out: sales. Am I correct?

[@MSIAuditors]

through taxable purchases you have Input VAT through 5% taxable sales you have output VAT

[@zahidtv3776]

Yes are correct

[@usmanmukhtar96]

Which document are required for vat submission?

[@MSIAuditors]

Dear Usman, Thank you for your questions. There is actually a detailed list of documents, if you can share your email address, we can share the same with you. - MSI Team

[@usmanmukhtar96]

@@MSIAuditors [e-mail]

[@sheetalaprasaddubey564]

Can anyone plz tell me what is the salary of accountant in UAE having cleared CA inter, plus completed post graduate from India and the perks and benefits which a candidate will be given??

[@MSIAuditors]

Hi, It is hard to say without knowing what experience you have, what type of accountant you want to become and which industry as well. Best of luck with your job search in the UAE. -MSI Team