A Guide to Tax Return in Dubai
The tax system is ever-changing and full of surprises. You need to know everything in detail to fix any discrepancies. Having knowledge from the quirky lack of income tax and the special business tax-free zones helps to learn property levies and VAT.
As per the tax system of the United Arab Emirates, you don’t need to take the hassle of federal tax. The best part is you can avail the advantages of enormous fiscal but you need to still pay the taxes. Know the Tax Return in Dubai that you still have to pay as an individual business owner in Dubai.
The professionals do not have to take the pressure of levy in the UAE. So you don't need to pay an income tax return in the UAE. The reason is the absence of individual tax within the country. This Is also applicable for individuals who are residents of the Emirates.
When an excise tax return is filed, it is a record of the excise paid during each tax period. Excise returns are documents whereby a tax registrant submits details of supplies and purchases to the Federal Tax Authority of UAE. Businesses should file returns for excise tax online using the FTA portal — manual returns are not accepted. The online return form is available in both English and Arabic from the Federal Tax Authority – Dubai website
You can create your e-services account on the FTA website Login/Sign up a page using your email address and then sign up. The first step is you need to submit your Excise Tax Declaration, Liability, and Deductible forms (as relevant to your business activities), you will be required to complete your monthly Excise Tax Return form. Please access the Excise Tax Return User guide – 2019 and read section 2.5 page 85, for step-by-step filing details.
EBS provides Audit & Accounting solutions for every business in Dubai. We take care of Corporate services and Digital Services and these are combined with our qualified experts to help reach your business goal. Contact our expert advisors to know the tax return facilities. Visit the website to learn more.
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