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Important Dates For TAX Filing In UAE

Important Dates For TAX And VAT In UAE

For businesses in the UAE, remaining obedient to tax and VAT deadlines is essential to sidestepping penalties and preserving financial stability. With the complexities of filing dates throughout the year, tax preparations and submissions can usually feel overwhelming, especially for small businesses. And that’s where technology comes in.

AI-powered bookkeeping solutions like Paci.ai can simplify the process, from sending reminders about necessary deadlines to automating filings with the Federal Tax Authority (FTA).

This article’ll examine the essential tax and VAT filing dates in 2024 and how AI can make your tax management much more accessible.

Let’s discover more!

 

Essential VAT Filing Deadlines For 2024

In the UAE, enterprises must file their VAT returns within the defined time. The recoveries could be filed quarterly or monthly, depending on size and turnover. Please meet these dates to avoid attracting significant fines and penalties, so keeping track of the filing dates is essential.

The following important dates should be noted on your calendar to guarantee that your VAT returns are submitted on time in 2024:

Deadlines for quarterly filings:

  • Q1 (January – March): April 28, 2024 is the deadline.
  • Q2 (April–June): July 28, 2024 is the deadline.
  • Q3 (July–September): October 28, 2024 is the deadline.
  • Q4 (October – December): January 28, 2025 is the deadline.

 

Monthly due dates for filing

The deadline for filing monthly VAT returns is the 28th day of the month after the VAT return period ends, or the following business day if the 28th day falls on a holiday. For instance, the VAT return for May 2024 must be submitted by June 28th, 2024.

 

Tax obligations

The filing of your VAT return and the payment of VAT are both required.

Serious repercussions, such as late filing fees and penal interest, may result from missing these filing dates.

Also read: How to claim a VAT refund in UAE?

This is something where AI-based applications such as Paci.ai can help by sending reminders to the persons concerned, and the application can assist in filing the VAT return right from the start to the End.

Please read: 7 Ways to Simplify Your vat Tax Filing Process

 

Corporate Tax Filing Dates In UAE

It is essential for the enterprises existing or intending to operate in the UAE to be conversant with the corporate tax and the VAT. Corporate tax was introduced in 2023 on which all income earning more than AED 375,000 will be required to give 9% of corporate tax.

Following registration, businesses have nine months from the end of the applicable tax period to get ready for their first corporate tax filing. Within this period, any company tax due in the UAE must also be paid.

The first taxable period will stretch from January 1, 2024, to December 31, 2024, since the majority of businesses have fiscal years that conclude on December 31. This establishes September 30, 2025, as the deadline for filing the first company tax return.

Please read: 5 Simple steps to UAE corporate tax registration

Most companies pay their corporate tax annually and the businesses need to be aware of several dates and some of them depend on the calendar year.

Also read: 5 Essential Taxes Every Small Business Owner in the UAE Needs to Know About

 

helping customer to register for taxes with ease using paci.ai platform 

Conclusion

Lastly, any business operating in the UAE must comply with value-added and corporate taxes at the appropriate time of the calendar year.

The patents allow for multiple filing dates in a year; therefore, failure to file on any particular date results in severe penalty consequences. However, the management of this obligation does not have to put a lot of pressure on it.

Paci.ai‘s Artificial Intelligence Tax Management Solutions fully automates all of these, including sending reminders to file tax returns with the Federal Tax Authority.

This way, your tax compliance becomes efficient, you avoid many costly errors, and you are left to focus on your business. Connect with us to learn how the organization can assist your company in terms of compliance and financial processes in the UAE.