VAT in UAE

VAT Return Extension UAE

FTA VAT Return Date Extended Amid COVID-19

VAT return extension UAE has been announced on FTA website and their social platforms. VAT return date extended by FTA. Federal Tax Authority (FTA) extends VAT return submission date amid COVID-19. FTA has officially given a 1-month VAT return extension to the VAT registrants due to Coronavirus. 

The Federal Tax Authority (FTA) has issued a directive on an exceptional basis providing an alternative date of May 28, 2020 for the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, 2020, enabling taxable persons to meet their tax obligations without facing any difficulties.

FTA aim to ease tax burdens for registrants in these circumstances to allow them to fulfill their obligations, file their tax returns, and settle their payable taxes within the legal time frames.

VAT Registrants must fulfil the following obligations:

  1. If they are subject to monthly filings, file their tax returns and settle their payable tax for the period from 1 to 31 March 2020, no later than Thursday, May 28, 2020.

  2. If they are subject to quarterly filings, file their tax returns and settle their payable tax for the period from 1 January 2020 to 31 March 2020, no later than Thursday, May 28, 2020.

  3. Ensure that the FTA has received the tax payable for the monthly / quarterly return for the period ending 31 March 2020, by Thursday, May 28, 2020.

Deadline for submitting VAT returns extended in UAE

Federal Tax Authority (FTA) is supporting VAT registrants and the unprecedented intensive precautionary measures undertaken by the UAE to curb the spread of the novel Coronavirus (COVID-19) imposing 24-hour restrictions on the movement of individuals and vehicles implemented in certain areas of the UAE, which coincided with deadlines for filing VAT Returns.

Xact Auditing is offering all kinds of VAT services in Dubai. In order to save your business from getting heavy VAT fines and penalties from FTA, Let Xact handle all the tasks and procedures related to VAT and Excise tax. We are offering following tax services in Dubai.

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