• Additions to VAT Return Filing
As per the existing practice, the summary of the VAT return of a tax registrant is manually entered in the VAT return 201 Form online. With the implementation of Emaratax, VAT return excel template can be downloaded from the portal. This excel sheet can be filled offline and can be verified before uploading to the online portal. This method will ensure that no errors are happened due to technical glitch while filing the VAT return.
Tax Refund provided to Tourists data can be downloaded from the portal and this data will be extracted from Planet Tax Free. The retailer should make sure that the data is accurate and complete.
New tab which enables to view the payment status of each VAT return filed will be added in the portal.
The new platform EmaraTax will be launched later this year with the intention to digitalize the tax administration in the UAE. This system will simplify the online services and it will help the users to manage their tax obligations easily. The new system will provide the users a more transparent, faster, and easier approach towards the communications with the Federal Tax Authority.