What is the procedure for VAT registration in UAE?

by Vanshika S. SEO Executive

Value-added tax has become compulsory for most businesses in the UAE. Henceforth, the company can register itself free of cost with compliance with the Federal Tax Authority (FTA). The VAT return UAE documents will be accepted through the official website of FTA for 24/7 hours.     

 

 VAT registration in UAE enables the enterprise to pay and reclaim tax. After implementing VAT in UAE, every enterprise financial transactions and VAT accounting entries are accurate and updated according to the guidelines set by the federal tax authority. The purpose of imposing VAT tax in the UAE is that it gives a source of income to provide high–quality services to the general public. 

 

Those businesses registered with VAT return services; are certified by the government authority as suppliers of products and services. Additionally, they are accountable for collecting the VAT tax from the customers and paid to the government. 

 

Procedure for VAT Registration:

There are several things need to be taken care of like:

 

1. Eligibility to Register for VAT:

• If the taxable product cost and imports exceed AED 375000, then businesses compulsorily register for VAT.
• If the taxable products are supplied, and the value exceeds AED 187500 to AED 375000, the business can select voluntary VAT registration.

 

2.            Necessary documents required for VAT Registration:

• Copy of enterprise trade license
• Complete details about sales of the company
• Memorandum of association of the company
• Bank account details.
• Full address of the company
• Copy of passports of owners or partners.

 

3.            Appeal for VAT Registration 

The foremost step of business to comply with VAT registration is to register the business. After completing registration successfully, you can move ahead to apply for VAT. The process is: 

• Sign into the account of e-service through this link 
• Check all the guidelines and read all the information to get a deep understanding of VAT.
• After completing the details provided in the manual, you need to check the confirmation checkbox to proceed ahead.
• After examining all the facts, you need to click the confirmation box to proceed.
• You will find the About Us sections and details of the applicant like contact, business, and banking details.
• Registration, Announcement, Review & build.
• Complete the VAT that includes all the eight sections that contain all the insights about the business.
• You will be notified through confirmation mail or SMS after TRN generation.

 

After you effectively maintain UAE VAT return in excel now, you can register for VAT rules. You should, as an obligatory person, submit their VAT return to FTA. 

 

How to file a VAT return? 

You can file a VAT tax return through online portals of FTA eservices.tax.gov.ae. You should ensure yourself before submitting the VAT return that you follow all tax requirements. 

 

Now you know all the things about VAT registration in the UAE. However, it is always recommended to hire a registered and trusted agency like Alankit. With 13 years of UAE industry knowledge, Alankit is the best agency for VAT registration in UAE. They have a 21 million overall client base in UAE and also offer other services like financial and other e-Governance services. 

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Created on Sep 23rd 2021 02:02. Viewed 255 times.

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