Under UAE VAT law, all the businesses operating in any of the emirates of UAE, are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA Portal is designed to accept returns only through online mode. Currently, there is no facility to file VAT returns offline through XML, EXCEL, or any other utility. This requires the taxpayer to manually provide the values of Sales, Purchase, Output VAT, Input, and Input VAT, etc. in the appropriate boxes of the VAT return form available in the FTA portal.
The VAT Return form is called ‘VAT 201’ which is required to be filled by the registrant in order to complete the submission of the VAT Return filing. The Form VAT 201 is broadly categorized into sections as mentioned below:
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