Who is having TRN: Any VAT-registered business or individual in the UAE.
In the UAE, VAT payment refers to the obligation of VAT-registered businesses to remit collected taxes to the government. A standard rate of 5% applies to taxable supplies of goods and services within the UAE VAT framework. When purchasing goods and services, businesses must also pay 5% VAT to their suppliers.
Registered businesses must remit collected VAT to the government, with two distinct types:
VAT payment in the UAE is determined by offsetting Output VAT against Input VAT.
Various methods are available for VAT payment in the UAE, including:
These methods are accessible through the Federal Tax Authority (FTA) portal under “My Payments”.
Our tailored solutions cater to diverse industry needs, ensuring compliance and optimized tax strategies. Contact us now for comprehensive guidance on VAT payment in the UAE
Who is having TRN: Any VAT-registered business or individual in the UAE.
The responsible party must promptly settle the tax amount owed to the FTA within the timeframe stipulated by UAE VAT regulations, typically within 28 days following the conclusion of each tax period.
Federal Tax Authority’s online portal FTA e-Services
Ensure all payments are made before the due date to avoid penalties. You have the flexibility to make partial payments if needed, but the full amount must be settled before the due date.
For professional assistance with VAT payment in the UAE, contact BINJOY today. Our expert team is here to help you navigate the complexities of VAT payment, ensuring compliance with all relevant regulations and optimizing your tax strategies.