Answer:
Businesses registered for VAT in the UAE have the following obligations under the VAT regime administered by the Federal Tax Authority (FTA):
- Charge VAT on all taxable supplies of goods and services.
- Submit VAT returns to the FTA on a regular basis (usually quarterly or monthly, depending on turnover).
- Maintain proper VAT records, including tax invoices, accounting books, and records of all sales and purchases.
- Retain accounting documents for a minimum of 5 years.
- Claim input VAT on business-related goods and services, subject to eligibility.
These obligations are set out under Federal Decree-Law No. 8 of 2017 on Value Added Tax and the Executive Regulation (Cabinet Decision No. 52 of 2017). Failure to comply may result in administrative penalties.