VAT registration is mandatory in UAE for businesses with an annual turnover of more than AED 375,000. However, it is voluntary for companies with an annual turnover of less than AED 187,500. This article will cover the documents required for VAT registration in UAE and the costs involved in this article. To get vat registration quickly, you should consider hiring VAT consultants in Abu Dhabi.
VAT registration is mandatory for businesses with an annual turnover exceeding AED 375,000:
Unless your company has a very low annual turnover, you may not need to register for VAT in UAE. However, if your turnover exceeds AED 375,000, you must register. You will need to provide the relevant documentation, including your annual turnover figures, projected turnover figures, and expected import and export values.
It is voluntary for companies with incomes below 187,500 AED:
Companies in UAE must register for VAT if they make more than AED 187,500 per year. However, if they don’t make this amount of money, they can choose to be voluntarily registered instead. Businesses must register for VAT if they wish to claim input VAT or charge VAT to their customers.
Even though VAT registration is mandatory for companies with incomes above 187,500 AED, some companies in UAE do not register for it. However, if you are one of them, registering is a good idea. It is free, easy to do, and can help you avoid paying hefty fines and penalties.
Documents required for VAT registration in UAE:
If you’re planning to register for VAT in UAE, you’ll need to provide a list of the documents you’ll need. This list can include hard copies of documents or soft copies. The list should also include supporting documents for customs registration. If you don’t have the hard copies, you can upload them.
You must have an e-service account in UAE to register for VAT. To do so, you need to create an account through the official federal tax authority website. Then, you’ll be asked to provide a username and password. You’ll also need a security code and a verification email. After registering, you can log in to the portal using your username and password.