VAT Returns Filing
- Timely Filing Returns with VAT authorities
- Calculation of net tax payable to Federal tax authorities
- Calculation of refundable tax (if any)
- Checking accuracy of output tax liability and input tax recorded in books of accounts
VAT Returns Filing is an important mechanism for the viability of VAT system, since it works as a medium for reporting the VAT collected and paid to the revenue authorities. VAT return filing is a formal way of reporting the VAT collected and paid during any period. VAT return is prepared based on the documents available in the records or ledgers. VAT returns also form a basis for auditing and activities related to enforcement of VAT law.
Perfect Balance Accounting services have a team of tax specialists who can help your business structure in-house recording and filing processes to ensure that your company does not incur any penalties from improper compliance due to wrong return filing.
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