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When does a business become eligible to file the VAT returns?

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So, a business can only claim for a vat return filing when the company is registered for VAT under FTA
The The rate of VAT has been fixed at a rate of 5% which will be levied upon the taxable services company is registered for VAT under FTA or Federal Tax Authority
• Have accurate VAT invoices with them to claim the return
• Within six months from the supply date, the claimable amount was paid or is payable
• They have charged the VAT appropriately and fairly
Procedure
• Log-in- In order to get access to the online portal of FTA, the taxable person needs to create an account, following which he/she will receive an id and password. Using these, one can log-in to the portal. After login, the ‘VAT 201-New VAT Return’ tab needs to be clicked to get the return form.
• Details of the taxable person- A section of the form will be auto-filled with the name, address, and the Tax Registration Number or TRN. When a tax agent does this task, the associated numbers are also displayed here.

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