VAT declaration

VAT- registered businesses are required to submit monthly VAT returns. There is often an option to submit quarterly VAT returns if turnover is below a specific limit. In addition to periodic returns, an annual summary VAT return is required.

United Arab Emirates specifics

The United Arab Emirates is a member of the GCC with a VAT rate of 5%.

How Infor meets the requirement

See the Tax User Guide and the Financials Setup and Administration Guide.

Electronic filing of VAT Returns is done through the Federal Tax Authority (FTA) e-Services portal. The required information to submit VAT Returns are manually specified by the user.

The FTA released Value Added Tax (VAT) Returns User Guide (March 2018) which contains instructions in completing and submitting the VAT Returns form (VAT201).