VAT Returns and Payments - Shuraa Tax

Shuraatax03 Mar, 2025Finance

VAT returns & payment comprises the total value of supplies and purchases made by a taxable person during the VAT period and related . This highlights the taxable person’s. VAT refund defined as a difference between total output tax charged to a taxable person on supplies of goods and services and input tax recovered on the purchases made. If the output tax over the input tax, then the difference becomes the amount payable to the Federal Tax Authority (FTA).