If you are a business owner in the United Arab Emirates, you may be wondering if you need to register for value-added tax (VAT). The answer depends on a number of factors, including your business' revenue and the type of products or services you sell. uae vat registration, businesses with an annual revenue of more than AED 375,000 are required to register for VAT. However, there are a few exceptions to this rule. For example, businesses that sell only exempt items (such as certain food items) are not required to register for VAT.
Thresholds for UAE VAT Registration Process
- Mandatory Registration for businesses whose annual turnover is more than AED 375,000.
- Voluntary Registration for businesses whose annual turnover is between AED 187,500 & AED 375,000.
- Startups whose VAT attracted expenses are more than AED 187,500.
Documents Required for UAE VAT Registration Process
The vat registration UAE process requires several documents in order to be completed. The following is a list of the necessary documents:
1) A valid passport
2) A recent utility bill or bank statement (not older than 3 months)
3) A trade license issued by the Department of Economic Development (DED), or a similar document issued by an authorized free zone authority
4) A completed VAT Registration Application Form
5) Any other documents required by the Federal Tax Authority (FTA)
After submitting these documents, the registration process will be complete and you will be ready to start collecting VAT from your customers.
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