The economy of the UAE saw positive growth and streamlining since the start of 2018 when VAT was introduced. In the fourth year of the introduction of VAT, the government has shifted the responsibility of issuing the Commercial Activities Certificate to the Federal Tax Authority. The tax agents and tax consultants have welcomed this move as it’s easier to obtain commercial certificates for taxable persons or entities now. Earlier the issuance of commercial certificates was done by the Ministry of Finance. The shift has been welcomed by all as the FTA holds all the details of the corporates and individuals who are registered for VAT. In this article, we will be discussing what is a commercial certificate under VAT in the UAE and how VAT registration UAE can help you in getting a commercial certificate from the FTA.
Source Farahat
