Having a registration under the VAT law denotes that a business/firm is registered/acknowledged by the government. This registration states that the business is a registered supplier of goods and services. Furthermore, it is certified to collect VAT from consumers and remit the same to the UAE government.
In a nutshell, businesses that are VAT registered can:
Besides these, each of the registered businesses needs to align their business structure as per the compliance needs. These requirements include tax-paid documents like credit notes, tax invoices, records to all inward/outward supplies, accurate/updated books of accounts, etc. These must be maintained.
That said, analyzing the basics of VAT is one of the most essential steps to prepare and obtain VAT registration. This will be the initial step towards moving your business to the VAT era. While there are a range of accountants in Dubai to help you with the entire vat registration process, it is great to have a knowledge of your own. Today, in this article, you will know about the steps and processes to register for VAT in UAE.
Who Must Register Under VAT?
Now, the question is, are all businesses entitled to register under VAT? Well, no. Businesses that cross a certain annual aggregate turnover threshold are eligible to register under VAT in the UAE.
Note: Generally, VAT is into action across UAE from 1st January 2018. FTA declared businesses to register for VAT before 4th December to prevent a last-minute hodgepodge.
Thresholds for VAT Registration Procedure in the UAE
Mandatory Documents for VAT Registration in UAE
For detailed information, you can also reach out to a VAT consultancy. However, the list of essential documents required for the VAT registration process includes:
Other Important Details
Steps To Register For VAT in UAE
Coming to the core of this article, note that you need to secure all the aforesaid documents ready with you. Although your accountant in Dubai can help you with the entire process, here’s what you need to know initially. This is to facilitate a smooth VAT registration process on the portal. Below are the steps to register VAT in the registration portal.
Upon verifying the registered mail address, businesses will receive notifications via SMS or email once the TRN is generated.
As registering for VAT in the UAE is mandatory now, businesses need to keep a fundamental knowledge about the same. This is to help things occur smoothly. That said, if you are seeking the best VAT consultancy, connect with none other than accountant Dubai. They are a one-stop platform that deals in clearing out all your queries regarding VAT registration in UAE.Back
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