The Federal Tax Authority (FTA) has started issuing notification to individuals or businesses who have reached the mandatory registration threshold of AED 375,000 and still not registered for VAT.
It is important to note that individuals dealing with commercial properties in the UAE to understand the mandatory VAT registration threshold and register themselves before selling or buying the commercial properties. VAT registration is a legal obligation for businesses that exceed the threshold and failure to register can result in penalties and fines.
Source: LinkedIn
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