Learn Things You Need to Know About Tax Returns in Dubai
Dubai is known for its growing economy. So, when you are setting up a business, you can expect faster growth. But, operating a business in Dubai comes with some considerations. Tax return filing is one of those. Organizations must file an excise tax return that is a record of the excise paid during each tax period. During the tax return filing, the tax registrant needs to submit details of supplies and purchases to the Federal Tax Authority of UAE online through the FTA portal. On this portal, they will find an online tax return form in both English and Arabic provided by the Federal Tax Authority.
How to File Tax Return in Dubai-
Tax returns can be tricky for businesses when they are doing it manually. Moreover, manual returns are not acknowledged in Dubai. So, one needs to have an idea of the steps that need to be taken to successfully file the tax returns. Check the following points to have a better understanding-
Firstly, create your e-services account on the FTA website. Login/Sign up a page using your email address and sign up
Secondly, complete your Excise Tax Declaration, Liability, and Deductible forms (whatever is relevant based on your business activities)
Thirdly, complete your monthly Excise Tax Return form
If you want to avoid manually compiling transactions for filing tax Returns or missing deadlines, it is better to trust the experts. With the help of accountants from ebs, you can acquire the right tax accounting software help your businesses to generate accurate tax Returns easily and effortlessly. With their help, you can also stay away from paying hefty penalties ranging from AED 1,000 to 3,000 for non-filing or inaccurate tax returns filing.
Do you want to reach out to their professional accountants to file the tax returns for your business effortlessly? Contact ebs and book an appointment to discuss all your taxation matters and get honest advice
Great overview! Filing tax returns in Dubai is a critical responsibility for businesses under the new corporate tax framework. This article simplifies the process and highlights key deadlines and requirements that every company should be aware of. Partnering with a professional tax consultant in Dubai can ensure accurate filing, avoid penalties, and help businesses take advantage of all eligible deductions. Looking forward to more tips on staying compliant and maximizing tax efficiency in the UAE!
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