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VAT (Value Added Tax) Registration & Consultation – VAT, a consumption tax implemented in the UAE, applies to businesses with turnovers exceeding AED 375,000, mandating VAT registration. Introduced on January 1, 2018, VAT has a general rate of 5%, with exemptions and a 0% rate for specific goods and services.

To simplify registration, the Federal Tax Authority (FTA) offers an online portal. Deadlines based on turnover are announced by the FTA, with phased registration. Bizvise’s VAT consultants in Dubai provide expert consultation tailored to your business needs, guiding you through the registration process and ensuring compliance with UAE VAT laws.

Registration signifies recognition by the government as a Goods and Services supplier, empowering businesses to collect VAT from customers and remit it to the government seamlessly.

Exclusive privileges for VAT-registered businesses include:

VAT-registered businesses enjoy the following privileges:

  1. Charge VAT on taxable supply of goods and services
  2. Claim Input Tax Credit on VAT paid on purchases, reducing VAT liability on sales
  3. Remit VAT payments to the government
  4. Submit periodic VAT returns

Furthermore, all registered businesses must adhere to compliance requirements by maintaining accurate and updated records. This includes maintaining books of accounts, tax invoices, credit notes, and debit notes, as well as records of all inward and outward supplies.

Assessing VAT Registration Obligations

No, not all businesses are obligated to register under VAT. Only those surpassing the specified annual aggregate turnover threshold are required to register. Depending on this threshold, a business may be mandated to register, or alternatively, it can opt to apply for registration. Additionally, businesses can seek exemption from VAT registration if they fall below the threshold.

Based on this criterion, VAT registration in the UAE can be categorized as follows:

  • Mandatory VAT Registration
  • Voluntary VAT Registration
  • Exemption from VAT Registration

VAT Turnover Calculation for Registration in UAE

Under the UAE VAT system, businesses with an annual turnover surpassing the mandatory registration threshold of AED 375,000 or the voluntary registration threshold of AED 187,500 are eligible to apply for VAT registration. It’s paramount for businesses to grasp which supplies contribute to their annual turnover and how to accurately calculate their VAT turnover for registration in the UAE.

How to apply for VAT registration?

The process of applying for VAT Registration involves two key steps. Firstly, you must create an e-Services account, followed by completing the VAT registration process.

Our consultants are available to guide you through the UAE VAT registration process, which includes:

1. Creation of e-Service Account
2. VAT Registration Process
3. Exemption from VAT Registration
4. VAT Registration Form: The online VAT registration form comprises 8 sections outlined below, where specific details are required for the completion of VAT registration:

a. About the applicant
b. Details of the applicant
c. Contact details
d. Banking details
e. Business relationships
f. About the VAT registration
g. Declaration
h. Review & submit

Business Insurance

What is Business Insurance?

Business insurance encompasses a tailored policy package crafted to shield business owners from potential financial losses that could jeopardize their operations.

Here are the types of business insurances we can provide support for:

  • Workmen’s Compensation/Employer Liability Insurance
  • Fire & Allied Perils Insurance
  • Property Insurance
  • Directors & Officers (D&O) Liability Insurance
  • Errors & Omissions (E&O) Liability Insurance

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