VAT Registration Consultant
VAT Registration in UAE is mandatory for all those business that meet the mandatory turnover thresh hold limit, ie, AED 375,000/- per annum. This includes sale of goods or services in the normal course of business by an entity. Voluntary registration can be done if the taxable supply exceeds AED 187,500/- per year. Taxable supply includes all sales, imports value and taxable expenses.
The registration can be done online through the website of www.tax.gov.ae. VAT registration requires you to complete certain information about the applicant, contact and banking details, business relationship, about the VAT registration and declaration.
Federal Tax Authorities will review the application for registration and will allot the Tax Registration Number (TRN).
Two or more entities who are eligible to group as one tax group can apply for grouping under one common tax number and FTA will review such application and will allot a common tax number to the entity, if the criteria are met.
Entities under one tax group need to submit only one VAT Return to FTA. Also, the inter company transactions within the tax group is exempt and is not subject to tax.
HLB HAMT can assist clients in completing the registration formalities with Federal Tax Authorities.
Latest insights, case studies and news from across the network
Complete ownership for 122 economic activities on UAE Mainland
The much-awaited announcement regarding the activities and sectors eligible for 100 percent foreign ownership in the UAE has finally been made. Foreign investors can get complete control over 122 economic...
Dubai’s non-oil trade reaches Dh339 billion
Dubai non-oil foreign trade witnessed a growth of 7 percent in the first quarter of 2019. The figure that stood at Dh316 bn in the first quarter of 2018 increased...
A glimpse into UAE laws
Before you plan a visit to any country, be it for a short trip or to start a company, basic knowledge about the laws and regulations governing that place is...