VAT Registration in UAE
Know About VAT Registration in Dubai
The VAT system has been widely accepted in several countries. UAE is one of them, which introduced the system on Jan 1, 2018. If you are running a taxable business as per the laws laid down by the FTA, then it is mandatory to go for VAT Registration in UAE. 5% tax is levied on most of the goods ad services in the UAE. Some are charged at 0% and while some are exempted and do not fall in the VAT purview.
VAT is defined as an indirect tax paid by the end consumers and collected by the businesses selling taxable goods and services. It is the responsibility of the taxable company to collect the tax from the consumers and remit it to the UAE government.
The Vat Registration in UAE comes along with a VAT Compliance check. Every taxable business should be VAT compliant and maintain accurate VAT records that have to be furnished to the FTA.
Know about VAT and how you can keep your business VAT Compliant.
With the help of professional VAT Consultants who have the requisite expertise in handling all the VAT-related tasks, you can keep your business VAT Compliant.
Know your eligibility for VAT registration in UAE
Which Businesses should get VAT Registration in UAE?
Get VAT Registration in UAE easily.
VAT Registration limit in UAE
A business is eligible for Mandatory VAT registration with an annual turnover of supplies of more than AED 375,000. In that case, as the name suggests, it has to get the business registered for VAT.
For the second category, i.e. the Voluntary VAT Registration, it is up to the business to get VAT Registration in UAE. if it comes under the ambit of the VAT threshold- annual turnover of taxable supplies between AED 187,500 and AED 375,000
The exempted category applies to those businesses if the annual turnover of taxable supplies is lesser than AED 187,500. Such businesses need not register for VAT.
It is noteworthy that the value of exempt supplies is excluded while calculating the total value of the taxable supplies and imports.
Which Businesses need VAT Registration In UAE?
Applying for VAT Registration in UAE
The Federal Tax Authority is the authorized department that manages the tax services – federal taxes, fines, and executing the tax-related process in the UAE. It maintains the official UAE VAT Registration portal https://eservices.tax.gov.ae/ which facilitates all the VAT-related activities.
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Documents Required for VAT Registration in UAE
Since the implementation of VAT In the UAE, a large number of companies have registered for VAT. With the help of a VAT Consultant, you can know if your business is eligible for VAT Registration in UAE. If your annual turnover exceeds the threshold turnover rule laid down by the FTA, then it is mandatory to get your business registered for VAT. The VAT registration need might arise due to increased annual turnover or the inclusion of taxable supplies in the procurement.
Following are the documents to be furnished for VAT registration in Dubai or any other emirate to initiate VAT registration.
1. Trade License scanned copy.
2. Certification of Incorporation
3. Article of Association or Partnership Agreement
4. If the above documents are unavailable, you need to furnish other documents that prove the ownership status.
5. All the trade licenses need to be shared if a single entity owns multiple trade licenses.
6. Passport copy of the CEO or equivalent profile- if the person is a UAE resident, the Emirates ID copy needs to be furnished.
7. Documents declaring annual turnover.
8. Scanned copy of the Customs Number- if the business is registered with the customs department of the UAE.
We determine your VAT registration eligibility, documentation, and VAT Registration process. Contact Us for a seamless VAT registration process.
Process of VAT Registration in UAE
1. Creating an e-service account
2. Follow FTA registration Guide for VAT
3. About the Applicant
4. Details of the Applicant
5. Contact Details
In this section, the contact details have to be shared- address of the company, phone number, and if there are multiple addresses, the headquarters’ address has to be entered in the form. The details of the tax agent and that of the business will be required to furnish. Professional VAT assistance will give you peace of mind.
6. Banking Details
7. Business Relationships
8. About the VAT Registration
- Business-related activities of the applicant
- Turnover for the last twelve months.
- Expected turnover in the next thirty days.
- Imports and Exports business activity Declaration
- Business activities pursued in any other GCC country
- Customs Registration Details
- Request for exemption, if needed
9. Declaration
10. Review and Submit
Group VAT Registration in UAE
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VAT Registration Amendments
If amendments are required in the VAT Registration details due to some unavoidable circumstances, the business has to inform the FTA within 20 days from which the events occur. Some changes are automatically be updated on the FTA portal and do not require any approval from the FTA, such as the GCC activities section, customer registration form, etc. On the contrary, few details about the applicant, banking information, business relationships need approval from the FTA To make the amendments.
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Penalties for not registering for VAT in UAE
If a taxable business does not follow the VAT Filing rule and fails to file the VAT Return within the specified time limit, the FTA will impose a penalty of AED 20,000 on the business.
VAT Deregistration Services
After accurately determining the eligibility for VAT Deregistration, a company can cancel the VAT registration by visiting the FTA portal and furnishing all the required details.
Why Choose UAE VAT Consultancy For VAT Registration Services
UAE VAT Consultancy has carved a niche for itself in the industry as a reliable VAT Consultant. We have served thousands of businesses in Dubai and the UAE and helped them with their VAT-related requirements. As a reliable FTA registered agent in the UAE, we are committed to serving our clients with competence, honesty, and dedication. UAE VAT Consultancy takes pride in the fact that every business we are associated with has always been VAT Compliant and has not faced any difficulty following the VAT rules. With core expertise in VAT, our company ensures no compliance issues on the VAT front.
Since it was introduced, we have been following the industry updates and regularly keep informed of all the developments. We continuously update our clients on the VAT amendments and help them follow the VAT Compliance rules and regulations.
Apart from VAT registration services, we offer a gamut of VAT-related services- VAT Accounting, VAT Return Filing, VAT Training & Advisory services.
Make your business VAT compliant
Our Strengths
At UAE VAT Consultancy, we employ a meticulous approach and keep a tab on the latest amendments in the VAT system. Our goal is to help businesses remain VAT compliant and avoid penalties. We provide our customers all the required information to follow the VAT guidelines and take the necessary actions to be VAT Compliant. We acquaint them with all the financial implications they would face in case of non-compliance.
UAE VAT Consultancy was incorporated with a vision to help businesses be aware of the UAE VAT laws, make informed decisions and always stay VAT Compliant. With the support of a team with core expertise in VAT and multi-disciplinary areas, we are committed to offers businesses a streamlined VAT and accounting process.
VAT Registration is no more time-consuming as our certified Tax agents will speed up the process of making your business VAT Compliant. Hire Certified VAT Consultants and save time and financial resources.