VAT Registration in UAE
The UAE government requires all individuals and companies with an annual turnover of at least AED 375,000 to register for VAT. The law came to effect on January 1, 2018. All parties meeting the aforementioned threshold limit should register for VAT to continue carrying out operations in the country.
Interested parties can register for VAT in UAE through the official online portal of the Federal Tax Authority (FTA). There are a number of requirements that the applicant must fulfill before registering for VAT, such as whether to choose a voluntary or mandatory registration, registering as part of a tax group, or as a standalone entity.
How to Register for VAT in UAE?
If you are looking to register for VAT in UAE and don’t know where to start, we at Youssry & Co would be delighted to help you. We are bespoke VAT consultants in Dubai that have been providing premium services for VAT registration in UAE for businesses of all caliber.
We understand the importance of timely registration. Complying with regulatory requirements can help prevent penalties and other issues. Our VAT registration services in Dubai ensure that your application is conducted appropriately in accordable with the Federal Tax Authority (FTA) requirements.
FAQs about Youssry & Co. VAT Registration:
Types of UAE VAT Registration
A) Mandatory VAT Registration
Business owners with a place of residence in the state of UAE and whose supplies in the state have exceeded AED 375,000 in the previous 12 months must register for UAE VAT. Likewise, suppose the business expects to surpass the mandatory registration threshold of AED 375,000 within the next 30 days. In that case, it must also register for UAE VAT. No matter the threshold for registration, businesses seeking to operate in the UAE must register under VAT irrespective of their place of residence.
Types of Business: Resident:
- Supplies valued at more than AED 375,000
- During the past year. Expected to exceed in the coming 30 days.
Types of Business: Non-Resident:
- There is no threshold limit
- Regardless of the threshold, VAT registration is mandatory
B) Voluntary VAT RegistrationCompanies with a place of residence in the state of UAE are provided with the option of voluntarily applying for VAT registration if they are not required to do so. This can be done only if annual purchases or taxable expenses do not fall below the voluntary registration threshold. It is 50% of the mandatory registration threshold that is the Voluntary Registration Threshold of AED 187,500.
- Supplies/ Taxable Expenses exceed 187,500 AED
- Within the past 12 months. Expected to exceed within the next 30 days of the current fiscal year
Get VAT-Ready with Our Expert Consultants in UAE!
Prepare your business for the upcoming VAT implementation with the help of our experienced VAT consultants in UAE. Contact us today and speak to a VAT advisor from our team to get started on your VAT journey.