If the company is waiting for the VAT registration approval and did not charge VAT until VAT application was approved, can we still claim the input VAT from the periods when VAT registration is still in process?
Thank you for reaching out. If there were no major changes in the license, you can make the changes to your registration through the online FTA portal. - MSI Team
@@MSIAuditors thanks u sir.one more question that our office is in abu dhabi.when we invoicing to customer Dubai Company(i.e we providing machines on rent) during vat filing time we will put that amount in dubai emirate or abu dhabi
Sir actually we are working in a boarder clearing firm.so tax is excempted we have only return of 25 AED. The problem is we filed vat on 29th actually filing date was on 28th is there any problem.
Thank you so much indeed for your time and efforts in posting this video brother
Thank you so much
What is the last date to file firm tax for financial year 2022-2023 (31 march 2023)
Great Job Dear
Thank you for the positive comment.
If the company is waiting for the VAT registration approval and did not charge VAT until VAT application was approved, can we still claim the input VAT from the periods when VAT registration is still in process?
Yes, this is allowed as long as they are eligible expenses to be claimed.
It's interesting
Thank you for leaving us a positive comment.
-MSI Team
Sir we renew our trade license two times but we didn,t update in fta portal.because we didn,t received any email from fta.what we will do now
Thank you for reaching out. If there were no major changes in the license, you can make the changes to your registration through the online FTA portal.
- MSI Team
@@MSIAuditors thanks u sir.one more question that our office is in abu dhabi.when we invoicing to customer Dubai Company(i.e we providing machines on rent) during vat filing time we will put that amount in dubai emirate or abu dhabi
Sir actually we are working in a boarder clearing firm.so tax is excempted we have only return of 25 AED. The problem is we filed vat on 29th actually filing date was on 28th is there any problem.
If there is a delay in the filing, there will surely be a penalty.
-MSI team
@@MSIAuditors ok i got 2000 fine. But i called fta and applied application for reconsideration. Any chance for cancelling fine.
@@samjosephc1458 The likelihood for a late payment to be waived is low. However there a possibility you will qualify for the 70% waiver of penalties.
In case of VAT 1000 fine. What we can do ?
You may apply for a reconsideration.