As per recent finding, this has been revealed that many tax registered companies and individuals are in the impression that they do not have to file their VAT return to the authorities or if they have already filled their tax return, then they do not have to pay their tax liabilities to the FEDERAL TAX AUTHORITIES as this is going to be waived off.
There is no such rules and a definite penalty will be imposed automatically in both above mentioned cases. Hence, this is strongly advices for not to take such assumption into consideration and be advice that make your submission on and before the deadline. As per VAT registered business or individual, this is your obligation to do the submission and pay the liability on and before time. Should you have any query and difficulty in Filing your tax return, please contact us on 055 971 6033 as we are the dedicated certified VAT consultant in UAE and GCC.