Get Ke Vat 3

The VAT3 return records the VAT payable, or reclaimable, by you in your taxable period. VAT repayments are made directly to an account in a financial institution. However, the Collector-General may withhold your repayments if you have outstanding tax returns.

Three types of returns are prescribed under VAT namely, Monthly, Quarterly and Yearly. A registered dealer has to file a VAT or CST return even though it is nil return.

A vendor must submit VAT returns and make payment (or claim a refund) of VAT on or before the 25th day or the last business day of the month (if registered for eFiling) following the month in which the vendor's tax period ends.

The VAT 3 return records the Value-Added Tax (VAT) payable, or reclaimable, by you in your taxable period.

The VAT return is a summary of your earnings (which includes the VAT you've charged for your goods and services) plus your expenses (which includes the VAT you've paid for goods and services). The difference between these amounts will determine how much you need to pay or claim in your quarterly VAT return.

E1 – intra-European Union (EU) supplies of goods This is the total value of goods sent to customers in other EU countries.

How do I file my VAT return? VAT Returns can be filed online via your ROS account. If you have not already set up your ROS account, you should register for ROS as soon as possible as it takes about one week to complete. Separate ROS certificates are used for your personal and company logins.