Setup Business in UAE Blog

VAT Registration

 

Value Added Tax (VAT) is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax. This kind of a tax is basically not on the businesses, but burden will be on end-consumers  

 

Registration Criteria

MANDATORY VAT REGISTRATION

  • The total value of their taxable supplies made within the UAE exceeds the mandatory registration threshold over the previous 12 month period, or
  • They anticipate making taxable supplies with a value exceeding the mandatory registration threshold in the next 30 days.
  • The mandatory registration threshold will be AED 375,000

VOLUNTARY VAT REGISTRATION

A company/business or individual may register himself for VAT, if they do not meet Mandatory registration criteria but:

  • The total value of their taxable supplies or taxable expenditure in the previous 12 months exceeds the voluntary registration threshold, or
  • They anticipate that the total value of their taxable supplies or taxable expenditure will exceed the voluntary registration threshold in the next 30 days.
  • The voluntary registration threshold will be AED 187,500.

 

For registration Contact Us

Vat & Accounting Services | 👁 1286 | Posted April 16, 2018 | Share on Facebook | Twitter | Google+

| Modified: April 16, 2018 | Author:

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