VAT filing is more than filling boxes on a portal. It requires reconciling sales, purchases, output tax, input tax, imports, adjustments and previous balances. An error in classification or missed invoice can create penalties, cash flow pressure or future audit questions.
We collect tax invoices, credit notes, customs documents, bank records and accounting reports. Then we reconcile the VAT return with the ledgers and flag unusual items before submission. The management receives a clear summary of payable or refundable VAT and pending documents.
The FTA requires registered businesses to file VAT returns and make VAT payments within 28 days from the end of the tax period. A calendar-based process is therefore essential for avoiding last-minute filing.