All the VAT registrants, whose tax period is ending on 31st May 2018, will have to submit their returns by 28th June, the deadline set by the Federal Tax Authority. According to the reports, the FTA has already started receiving tax returns through the e-Services portal of the official website. It urged all registered businesses to settle their payable taxes within a specific time period to avoid administrative penalties.
The procedures for paying due taxes and submitting tax returns through the e-Services portal are now simplified by the authority. The official website is designed according to international standards and thus provides flexible payment options and is ideal for businesses to act in accordance with the tax deadlines, said the Director-General of FTA.
By visiting the FTAâ€™s website: www.tax.gov.ae, one can easily make tax payments:
=> Go to the e-Services portal
=> Click on the â€œVATâ€ tab; access the â€˜Tax Return Formâ€™
=> Fill in the form with correct details
=> Once completed, click â€œSubmitâ€
If there are dues, it can be made through the â€œMy Paymentsâ€ tab.
The tax registrants have to be careful and accurate with the data that are entered during the submission process and also make sure that the amount paid is transferred to the correct GIBAN (International Bank Account Number) number. The taxable person must be responsible to transfer the amount to the correct number.
Tax return payments can be done either through UAEFTS or by e-Dirham cards through the authorityâ€™s e-Services portal.