VAT Registration
VAT Registration
VAT (Value Added Tax) registration is mandatory for businesses operating in the UAE that meet specific thresholds as defined by the Federal Tax Authority (FTA). Here’s a detailed overview:
Types of VAT Registration
Mandatory Registration
Required if the taxable supplies and imports of a business exceed AED 375,000 in the last 12 months or are expected to exceed this threshold in the next 30 days.
Voluntary Registration
Optional if taxable supplies and imports exceed AED 187,500. Businesses can also register voluntarily based on expenses that exceed AED 187,500.
Documents Required for VAT Registration
- Trade license copy.
- Passport and Emirates ID copies of the business owner/partners.
- Proof of business activity.
- Contact details (email, mobile number).
- Bank account details.
- Turnover declaration (financial statements or revenue evidence).
- Details of imports and exports, if applicable.