/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
In UAE VAT, the standard VAT return period applicable to most of the taxpayers is quarterly return i.e. three calendar months. Also, the FTA may request a certain type of business to file the VAT return on a monthly basis. The last date to file the return will be the 28th day following the end of the VAT return period. For example, if the VAT return period is January-March, the last date to file VAT return will be 28th April.
The VAT return filing period applicable to each of the taxpayers will be available in FTA portal. The taxpayer can log in to the portal using his login credentials and check the applicable VAT return filing period.
As mentioned in the above table, the first return in the UAE VAT regime will be filed on 28th Feb, 2018 by the taxpayer to whom the monthly return is applicable. And, the first quarterly return will be filled on 28th April, 2018 by the taxpayer whose tax year ends on 31st March. Next, will be on 28th May, 2018, applicable for a taxpayer whose tax year ends on 31st January for a period of 4 months and the last quarterly return on 28th June, 2018 applicable for businesses whose tax year ends on the last day of February for a period of 5 months.
Through the standard VAT return period is of 3 months but the first return period for taxpayers whose tax year ends on 31st January and last of day of February will be 4 and 5 months respectively.
If the due date for the submission of the VAT Return and the corresponding payment falls on a weekend or a national holiday, the deadline for filing the VAT Return or making a payment is extended to the first business day. Also, if there is no business transaction for the tax period, the taxpayer is required to submit a "nil" VAT Return by the due date.
Manage VAT Transactions Involving Multiple Currencies with Tally.ERP 9