VAT REGISTRATION | VAT GROUP REGISTRATION

 The value added tax was introduced in the United Arab Emirates (UAE) on 1st January, 2018. The rate of VAT is set up at 5%. Every business whose taxable supplies and imports exceed AED 375,000 per annum is mandatorily required to get their business registered for VAT. The Federal Tax Authority provides the choice to the businesses whose taxable supplies exceed AED 187,500 whether to register themselves or not. Failure to provide an accurate and complete registration for your TRN can lead to delays and possible administrative penalties in the UAE. Speak to one of our advisors to help navigate the VAT registration requirements and experience a stress free process.

Documents and information required for VAT Registration in the UAE:

Before applying for VAT Registration, a few documents are required,

  1. passport copy, Emirates ID of Authorized Signatory
  2. Valid Trade license copy of the company
  3. Certificate of incorporation, articles of association, power of attorney for LLC
  4. Description of business activities
  5. Turnover for the last 12 months in AED
  6. Supporting document for 12-month sales
  7. Expected turnover in next 30 days
  8. Company Bank Account Details
  9. Estimated value of imports for one year from each GCC countries
  10. Estimated value of exports for one year to each GCC countries
  11. Supporting documents for customs registration in each Emirate if applicable.
 

Abstract Tax Consultant has handled the VAT registration of many businesses. For more details regarding the registration for VAT and getting your business registered, get the best guidance and assistance via single email or chat with our Tax Advisors.