SCOPE OF OUR SERVICES
Important Information Regarding Tax Registration
- Issuance of Tax Registration Certificate: Please note that the issuance of the Tax Registration Certificate is subject to approval from the Federal Tax Authority (FTA).
- VAT Registration Deadlines: For businesses with a turnover exceeding AED 10 million, the VAT registration deadline is 30th November 2017. For all other business entities, the deadline is 4th December 2017.
- Penalty for Late Registration: Failure to complete the registration process within the specified deadlines may result in a penalty of AED 20,000.
It is essential to adhere to the registration deadlines set by the FTA to avoid any penalties. Please ensure timely completion of the registration process to secure your Tax Registration Certificate.
TIME FRAME
2-5 working days after receiving
the full package of required documents, information and payment.
Explore Your Industry Specializations
VAT is a tax applied to taxable goods and services purchased or sold for consumption, with a rate of 5%.
Is VAT Registration Required for My Business?
Companies with an anticipated turnover exceeding AED 375,000 are required to undergo mandatory registration.
What is the Process for VAT Registration?
You have the option to register via the Federal Tax Authority portal or effortlessly reach out to us for a seamless registration process.
Which Industries are Exempted from VAT?
The information will be revised once the FTA’s approved Executive Regulation is published.
What Information Needs to be Reported for VAT?
Ownership info, Business activity, Past 12-month turnover, Expected turnover for the next 30 days, Related partner businesses.
What Documents are Required for VAT Registration?
Please see the detailed list of documents required for the VAT registration below
How Will VAT Impact My Business?
VAT requires business structuring, financial organization, price revision, and a proficient accounting team.
How Will VAT Impact My Business?
VAT requires business structuring, financial organization, price revision, and a proficient accounting team.
What Are the Next Steps After VAT Registration?
CALL US for assistance in VAT registration and professional Tax advisory – design of your invoices, credit and debit notes, contracts, and much more
