10/10/2017
VAT REGISTRATION IN UAE
Businesses and individuals engaged in any business activity whose
turnover exceeds the mandatory VAT registration threshold specified by the respective national VAT laws must
register for VAT. Voluntary VAT registration will be optional where the business turnover is below the mandatory VAT registration threshold – careful
consideration should be given to the potential amount of VAT reclaimed on purchases
by the business as well as the compliance costs in administering and reporting
the tax, before making such a decision. Businesses not registered for VAT cannot charge VAT on their sales and
cannot claim any VAT incurred on their inputs.
How to register for VAT
The UAE is on the way to implement VAT from January 2018. Now the businesses are getting
ready to register for VAT. From 1st January
2018 5% VAT will be applied for both goods and services. VAT is a tax charged from consumers or customers.
Though there are some exemptions, VAT will be implemented on most of the dealings. The
organizations or businesses having the annual turnover more than the specified
limit have to register for the VAT. The businesses /
organizations exceed the threshold of AED 375,000 will have to register
for VAT and voluntary at least AED 187,500.
The businesses can register for VAT in any region of the country using the online
services. The VAT registration is enabled to an
individual, a company or any other commercial authority. The process is similar
for all the different entities. The documents required for VAT registration differs from individuals to
corporates. The basic document required for VAT registration includes
the proof of business and a request letter signed by the individual or a
company authority.
Procedure
ü Visit the website of
Ministry of Finance - https://eservices.mof.gov.ae/
ü In the menu select
Services and select the sector which is applicable for you.
ü From the sector
select VAT and TAX certificates.
ü After selecting
the VAT you can see Service Description Card & download it.
ü Select the Start
Service option from the horizontal submenu.
ü After registration & login the applicant will reach the customer landing page
ü As mentioned on the
screen, complete the tasks and select Create New Tax Request.
ü A confirmation window
will be opened after filling the details.
ü After completing the
process you will get directed to payment section. Pay the VAT registration fees. You may pay the online VAT registration fee using
e-Dirham.
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Posted in: Taxation
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VAT Registration Process in UAE | Registration for VAT Authorities
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