- To register for VAT in the UAE, businesses need to check if they meet the AED 375,000 annual turnover threshold. If below this, but above AED 187,500, they can opt for voluntary registration.
- Necessary documents like trade license, passport copies, and financial records must be gathered.
- The registration is done online through the FTA website, where businesses fill out the VAT registration form and upload required documents. After submission, the FTA may request additional information.
- Upon approval, businesses receive a Tax Registration Number (TRN) and must comply with VAT regulations, including charging VAT on taxable supplies, filing regular VAT returns, and maintaining accurate records.
- Non-compliance can lead to penalties, so it’s important for businesses to follow the correct procedures and timelines for VAT registration and compliance in the UAE.
Source The VAT Consultant
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