- The Name, address and the TRN of the Registrant
- The Date of Submission
- Tax Period
- Details of the Supplies (sales) made in the VAT return period
- Standard Rated Supplies
- Zero rate Supplies
- Exempt Supplies
- Reverse Charge Supplies
- Details of the expenses (Purchases) made in the VAT return period
- The Total value of Due Tax and Recoverable Tax
Starting from 1st January 2018, the businesses registered under UAE VAT are required to file online VAT returns. The VAT returns are required to be filed on a quarterly basis and a few types of businesses may be requested to file on a monthly basis.
The VAT return form 201 is at a summary level or a consolidated level. In which the registered person has to furnish the consolidated details of total supplies - both purchase and sales, output VAT collected on supplies, eligible input VAT paid on purchases, input VAT recovered and the total tax due.
The UAE VAT Executive Regulations has prescribed the mandatory information which needs to be declared by the registered person in his VAT Return. The following are the details which need to be contained in the VAT Return:
The name, address and the TRN of the Registrant
The Tax Registration Number (TRN) provided by the FTA needs to be furnished in all the VAT Returns. Based on the TRN number, the name and address details are expected to be auto-populated.
The date of submission
The VAT returns need to be submitted within 28 days following the end of the VAT return period. Here, the date on which returns are submitted will be captured.
Tax Period
Tax Period is the return period to which the Tax Return relates. For example, for January to March'18, it will be Jan-Mar'18.
Details of the Supplies (sales) made in the VAT return period
You need to furnish the value of supplies (sales) and output VAT collected during the return period. Also, the supplies need to be categorized into the following:
Standard Rated Supplies
This includes all the domestic supplies on which 5% VAT is applicable. Further, these details need to be furnished at the emirates level as shown below:
- Standard rated supplies in Abu Dhabi
- Standard rated supplies in Dubai
- Standard rated supplies in Sharjah
- Standard rated supplies in Ajman
- Standard rated supplies in Umm Al Quwain
- Standard rated supplies in Ras Al Khaimah
- Standard rated supplies in Fujairah
Zero rate Supplies
The details of notified supplies which are under the Zero-rated list need to be furnished in this section.
Exempt Supplies
Supplies such as financial services, residential buildings, etc. which are notified as exempt supplies need to be captured here.
Reverse Charge Supplies
Supplies such as imports and other notified supplies on which the recipient or buyer is liable to pay VAT on reverse charge mechanism.
Details of the expenses (Purchases) made in the VAT return period
You need to declare the value of expenses incurred on which you are eligible to recover Input Tax and the amount of Recoverable Input Tax in the VAT return period. Please note, the value of input tax credit which is restricted or which you are not eligible to claim, should be reduced from the total and only the net value needs to be mentioned. Also, the total expenses and recoverable Input Tax needs to be shown separately for standard rated expenses (on which 5% VAT was paid) and the expenses, subject to reverse charge.
The total value of Due Tax and Recoverable Tax
You need to mention the total output tax collected and recoverable input tax during the return period.
Payable Tax
This will be arrived at, after adjusting the Output Tax with Recoverable Input Tax. If output VAT is higher than input VAT, it will result in VAT Payable. Otherwise, it will be VAT refundable which can be carried forward to next return period or can be claimed as a refund.
The above are the some of the mandatory details which need to be furnished in the VAT return form. Apart from the above mandatory details which is applicable for most of the businesses in UAE, the return format consist other additional details listed below.
- Profit Margin Scheme
- Tax Refunds for Tourists Scheme provided
Click here to download VAT Return Format
The VAT returns are required to be filed electronically i.e. the businesses are required to prepare the return in the prescribed format and manually keen the values in FTA portal. It is a must for businesses to have a software which will not only help the business to account for VAT but also helps the businesses to generate the valid VAT return forms in the format which is accepted by FTA.
Read more about UAE VAT
UAE VAT Return, VAT in UAE, How Does VAT System Works, Frequently Used Terms in VAT, VAT Exempt Supplies in UAE, Tax Audit under VAT in UAE, Supply under UAE VAT, Supply of Goods and Services in UAE VAT, Input Tax Recovery under VAT in UAE, VAT Return Filing in UAE, VAT Return Filing Period in UAE, Tax Agent under UAE VAT, Import of goods in VAT Return Form 201
VAT Rate
VAT Rate in UAE, VAT Rates Applicable to Education Sector in UAE, Difference between Zero Rate, Exempt and Out of Scope Supplies in UAE VAT, UAE VAT Rates- Handbook, Standard Rated Purchases/Expenses in VAT Form 201, How to Furnish Standard Rated Supplies in VAT Return Form 201, Zero-Rated and Exempt Supplies in VAT Form 201, Zero-Rated Supplies in UAE VAT
Reverse Charge
Reverse Charge Supplies in VAT Form 201, VAT Reverse Charge Mechanism, Conditions for applying reverse charge VAT in Gold and Diamond Business
VAT Registration
VAT Registration in UAE, How to link Tax Registration Number with Dubai Customs, How to Apply for VAT Registration in UAE, Tax Registration Number (TRN), VAT Registration Deadlines in UAE, Who Should Register under VAT, How to de-register or amend a Tax Group under VAT in UAE, How to de-register under VAT in UAE, How to Register as a Tax Agent under UAE VAT, How to register as Tax Agency
