Every registered business is allocated a monthly or quarterly tax period according to its annual turnover. Each business is required to file the tax return and pay the amount of tax due before the 28th of the month following the end of the tax period allocated to the business. Failure to submit a tax return within the due date attracts a penalty of AED 1,000 for the first time and AED 2,000 in case of repetition.
It is pertinent to have a proper book-keeping service.
Contact us Our professional team, can provide assistance with VAT registration and return filings.