- October 31, 2019
- Posted by: Shuraa Tax Consultant
- Category: VAT - Value Added Tax in UAE
VAT Registration is a mandatory practice for businesses in UAE whose annual turnover crosses the threshold mark of AED 375,000. UAE Federal Decree-Law No. (8) of 2017 on Value Added Tax and the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax came into effect from 1st January 2018 onwards under which companies and individuals doing business in the UAE have to register for VAT and comply with UAE VAT regulations. The process of VAT registration, Dubai is done online on the official website of the Federal Tax Authority (FTA).
It is important for the companies of the UAE to know about the VAT registration procedure and eligibility criteria. To get more information, Shuraa Tax Consultants and Accountants are there to guide you. From guiding you on when to register for VAT, VAT registration requirements, tax recordings to accounting and bookkeeping services, Shuraa team assist and support your business under all possible conditions.
How can you apply for VAT registration in UAE?
To register for VAT in UAE one needs to have an online account on the official FTA website. After creating an online account, log in to your account and fill in the VAT registration form which includes details like name, contact number, bank details, business relationships, etc. By the end review your form and submit it.
If you are yet to register for VAT, contact Shuraa Tax Consultants and Accountants and get help on the VAT registration process in UAE. Contact us on our website, we’ll fulfill all your VAT registration requirements and help you with the documentation process. Our team of qualified VAT experts will help you with all your requirements even if you are a new business. From filing details about your last 12 months turnover to calculating the value of imports and exports all under the FTA registration guidelines, Shuraa is there to provide you with all kinds of taxation and VAT services in Dubai.
Eligibility for VAT registration
Those businesses with an annual turnover of more than AED 375,000 have to compulsorily register for VAT. Depending on this threshold turnover, a business is either mandated for the VAT registration or can voluntarily apply. Businesses with turnover more than this threshold amount have to mandatory apply for VAT registration, while if a business crosses the threshold of AED 187,500 then they are in for voluntary registration. A business may voluntarily register if its turnover crosses the voluntary registration threshold as this allows especially the start-ups with no turnover to apply for VAT registration.
Shuraa Tax Consultants and Accountants is the most efficient tax agency of UAE offering the best VAT Registration services in UAE and guiding firms through the mandatory or voluntary qualifying process of VAT registration. Send us in an inquiry and get help in all sorts of taxation matters.