Value Added Tax
VAT Return Filling
VAT Return Filing involves submitting an official report that details the taxable purchases and sales made by a Taxable person. This report must be completed by either the Taxable person, their legal representative, or a Tax Agent. The completed VAT Return should be submitted online to the Federal Tax Authority (FTA) within the designated schedule set by the FTA, with the deadline being no later than the 28th day following the end of the Tax Period, which can be either one or three months.
With Respect to Sales
Supplies of goods and services are subject to the standard rate of VAT (5%) in the case of exports (0%) and reverse charge mechanism (5%).
With Respect to Purchase
Goods and services purchased for business purposes at the standard VAT rate.
Supplies are subject to the reverse charge for which input tax recovery is applicable.
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