VAT in UAE Introduced from 1st Jan 2018. In this blog, we have discussed filling VAT Registration process in UAE.
FTA has urged at businesses to register for the VAT before April 30, to defer last-minute hassles.You can download the PDF of Federal Decree-Law No.(8) of 2017on Value added TAX.
Federal Decree-Law No. (8) of 2017
The requirement of UAE VAT Registration process :
- Compulsory Registration for business those gross salary is more than AED 375,000.
- Voluntry Registration for business Whose turenover is between AED 187,500 & AED 375,000.
- Startups business whose VAT overage expenses are more than AED 187,500.
Important Document for UAE VAT Registration process :
Required Document for Registration :
- Copy of Business License
- Passport copy of Owner/partners
- Emirates ID of Owner/partners
- Memorandum of Federation (MOA)
- Details of Company’s Bank Account and IBAN
- Details Business Turnovers such as on Balance Sheet, Audited Reports or Bank Statements for the last 12 months
- Registration code of Customs Authority
Some other Details for VAT Registration process:
- Address and P.O. Box number for Company's registration
- advanced income and expenditure for the next 30.
- Details of Busines Activities like Import/Export or Trading.
- Names of all GCC countries if doing business with them.
- Name of Tax Group if want to one tax group number for all the entities.
UAE VAT Registration Process:
Before starting the VAT Registration Process check the above-mentioned documents and details
- Go to FTA online Portal
- Sign up for a new account.
- After successful login, start your registration process.
- Enter Details and Submit application.
- After submission, TAX Registration Number (TRN) will be provided to the user.
Businesses will be notified by email and SMS when your TRN is generated.
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