VAT Registration Services

VAT Registration Service in Dubai

Businesses in UAE, that provides taxable supplies, are compulsorily required to register for VAT if their annual turnover in the last 12 months is more than AED 375,000 or expected to increase in the next 30 days. For companies with an annual turnover between AED 187,500 and AED 375,000 VAT registration is voluntary. Companies mostly need VAT registration to get a Tax Registration Number (TRN). VAT registration can be done online through the portal of the Federal Tax Authority (FTA).

Registering your business under the VAT law means that your business is recognized by the Government. Parsh accounting and bookkeeping services offer its clients simple and hassle-free VAT registration services.

Process of VAT Registration

The process of VAT registration given below is very simple. Fintax accounting and bookkeeping firm provides online VAT registration service for your business.

Visit the VAT registration portal on www.tax.gov.ae and sign up.
Once your account is created, log in and fill up the application form correctly.
Attach all the scanned documents required for registration.
Submit the application.

After you submit the application, it is reviewed by FTA. On approval, a TRN is issued. Once the VAT registration process is complete a VAT certificate is issued by the Ministry of Finance. A VAT certificate is an official confirmation that your business is registered under the VAT law. It includes the VAT registration number, date of registration, date of issue, Address of your business, first VAT return due date, and start and end of the tax period.

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Documents Required for VAT Registration

Following is a list of documents required to apply for VAT registration.

Application letter with signature of individual/authorized signatory
ID proof of the authorized party such as a passport copy or Emirates Id
Copy of the company’s trade license
Certificate of Incorporation of the company
Articles of Association Certificate of the company
Power of Attorney Certificate
Details of the business
Last 12 months’ turnover
Expected turnover in the next 30 days
One year estimated imports from all GCC countries
One year estimated exports for all GCC countries
Supporting documents for customs registration
Bank account details

Types of VAT Registration

In UAE VAT registration can be Mandatory as well as Voluntary depending on the annual turnover of a business.

Mandatory – If the annual turnover of a business is more than the tax registration threshold or it is expected to increase, registration is mandatory. So, if the value of taxable supplies and imports is more than AED 375,000, VAT registration is mandatory. However, this limit is not applicable to foreign businesses, which means an international company in UAE, selling to UAE customers is required to register for VAT irrespective of its turnover.

Voluntary – For voluntary registration, the threshold is AED 187,500. So a company having the value of taxable supplies and import more than the voluntary threshold and less than the mandatory threshold can register for VAT voluntarily.

Sectors Exempt from VAT

There are certain businesses that are exempt from VAT registration. These are,

Certain financial services
Residential properties
Bare land
Local passenger transport

Why does your Business need VAT registration?

VAT registration will provide long-term benefits to your business such as,

It will improve business opportunities for your business
It will enhance your business profile
It will help you in avoiding penalties
It will let you claim VAT refunds.