Contact

Our Address

Office number 102, First Floor,

Al Tawhidi Building, Al Mankhool Road, Mankhool, Bur Dubai,

 Dubai, United Arab Emirates

Landmark: 

Near West Zone Hyper Market,

Near Al Ain Center

Above Life Pharmacy

Near Al Fahidi Metro Station

+ 971 50 585 1327
+ 971 55 585 1327

 

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Contact us for VAT Registration

How to do VAT Registration in UAE  ?

 

 

1st October 2017 marks a historic day for UAE as the Ministry of Finance of UAE have opened the registration for VAT. VAT will come into force in UAE and KSA from 1st January 2018.

 

he UAE Federal Tax Authority (FTA) has announced the deadlines for VAT registration in the UAE. This has been summarized below:

  • Businesses with a turnover exceeding AED 150m should apply for registration before October 31, 2017.

  • Businesses with a turnover exceeding AED 10m should apply for registration before November 30, 2017.

  • All other business entities should submit their application before December 04, 2017 so as to minimize the risk of not being registered in time for VAT go-live.


Businesses can Register here through the e-Services portal on the FTA website.


Individual businesses can and are encouraged to start the registration as soon as possible. Should you require any assistance in this regard, please do not hesitate to contact your local tax team.

 

The registrants are required to provide the following information at the time of registration:

 

  • Trade License

  • Certificate of Incorporation

  • Articles of Association/ Partnership Agreement or any other document showing ownership information about the business

  • Details of Manager

  • Copy of Passport and Emirates ID of the Manager

  • Physical office Location of the Business

  • Contact No

  • Bank Details

  • Information about other companies of the directors and partners in UAE in last five years

  • Declaration about :

  • Business activities of the applicant

  • Actual or estimated financial transaction values

  • Turnover in previous 12 months with supporting documents

  • Details about expected turnover in next 30 days

  • Details about expected exempt supplies

  • Imports and Exports

  • GCC activities of the Business

  • Details about Customs registration information

  • There is no fee prescribed for the VAT registration, and all the documents are required to be uploaded on the website.

 

 

We shall be informing you further about the insights of the Executive Regulations and Decree. In the meantime, please feel free to contact us at suraksha@skminternatioinal.com for further consultation or assistance.

 

How SKM International Chartered Accountants you can help you

SKM's Tax Experts provide VAT Consultancy, VAT Advisory and VAT Implementation Services in the UAE and GCC. We support and guide businesses in registering for VAT.

SKM International
Suraksha PAHWA
VAT Expert
201C, B62 Building, 
Al Maktoum Road, Above RAK Bank, 
Next to Emirates Concorde Hotel 
Deira, Dubai - United Arab Emirates.
P.O. Box 183059, Dubai, United Arab Emirates 
+
971 50 585 1327, 
+971 4 234 0958, 
+971 4 234 0950, 

sushil@skminternational.com 
skminternational@gmail.co

www.skmconsultant.com 
www.uaeaudit.com

 

 A business must register if:

  • The total value of its taxable supplies made within the UAE exceeds the mandatory registration threshold of AED 375,000 over the previous 12 months period, or:

  • It anticipates making taxable supplies with a value exceeding the compulsory registration threshold of AED 375,000 in the next 30 days.

 

What are taxable supplies?

 

Taxable supplies include the following:

 

  • All supplies that are made in the UAE (whether subject to 5% or zero-rated under article (45) of the Federal Decree Law No (8) of 2017), excluding the supplies exempted under Article (46) of the Federal Decree Law No of (8) of 2017.

  • All goods or services imported from abroad.

 

Supply is any supply of goods or services in the UAE for consideration by any person in the course of conducting business. To find out more, please check the Legislation and information on our website.

What are my obligations if I do not meet the registration threshold above?

 

Businesses will be required to keep records which will enable the Federal Tax Authority to identify the details of the business activities and review transactions. The specifies regarding the documents which will be required and the period for keeping them can be found in the Federal Law No. (7) of 2017 on Tax Procedures and its Executive Regulation.