VAT REGISTRATION

Any business in the UAE might register for VAT which is based on Voluntary or Mandatory basis. All the companies those who have Valid Tax Registration Number (TRN) which is issued by Federal Tax Authority (FTA) can be able to collect  tax from the customers.

 

How to Check Valid Tax Registration Number (TRN) ?

Step -1 : First you should visit FTA Portal

Step -2 : Enter the TRN of the supplier in the space provided.

Step -3 : Enter the Security Code as displayed on the screen in the space provided

Step -4 : And Click ‘Validate’ button

To verify valid TRN Number

Click Here

Mandatory Registration for VAT :

Businesses that satisfy any of the below condition must register for the VAT.

  • The mandatory registration threshold is AED 375,000 .
  • If its taxable supplies or imports exceeds the mandatory threshold limit in the last 12 months from any particular date; or
  • If they except making taxable supplies with value exceeding the amount AED 375,000 by issuing Quotation/Estimate in the next 30 days.

 

Voluntary Registration for VAT :

Businesses that satisfy any of the below condition may register for the VAT.

  • The Voluntary registration threshold is AED 187,500.
  • If its taxable supplies or imports exceeds the voluntary threshold limit in the last 12 months from any particular date; or
  • If they except making taxable supplies with value exceeding the amount AED 187,500 by issuing Quotation/Estimate in the next 30 days.

Documents Required for VAT Registration in UAE

  • Trade License of the company
  • Certification of incorporation or registration certificate
  • Article of association/partnership agreement or any other document indicating business ownershipVAT Registration
  • Manager profile
  • Passport copy and Emirates ID of manager
  • Physical office location of the business
  • Contact details
  • Bank account details and statements
  • List of businesses of the directors/partners in UAE for the last 5 years with their trade license copies

 

Along with the required documents, there are few declarations to be submitted by the company to obtain the Tax Registration Number and complete the Tax Registration process in the UAE.

 

Documents Required for Declaration

  • Business activities of the applicant
  • Actual or estimated financial transaction values
  • Annual Turnover of the previous year with supporting documents
  • Details of expected turnover in the next 30 days
  • Import/export transactions
  • List of GCC activities of the business
  • Details about customs registration

 

FOR MORE INFORMATION, CONTACT US :

Phone : +971 52 1952 532 / +971 4 240 1110

Mail-Id : info@yugaaccounting.com

Website : www.yugaaccounting.com