VAT Registration UAE
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
Dubai Announces its Third Stimulus Package
Dubai has announced a third stimulus package worth Dh1.5 billion to support the economy at the time of Covid-19. Sheikh Hamdan stated that
VAT for E-commerce in UAE
The citizens and business owners in the UAE are still processing the thought of being a VAT payer; it is applicable to every entity which has a minimum turnover of...
Auditor’s risk assessment during COVID-19
COVID-19 has ceased the flow of businesses and has caused a tremendous effect on the economy. The disruption in the business has forced people to adopt new