As per the VAT guidelines released by UAE, a business must register for VAT if its taxable supplies and imports exceed the mandatory registration threshold of USD 100,000. Furthermore, a business may choose to register for VAT voluntarily if its taxable supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of USD 50,000. Similarly, a business may register voluntarily if its expenses exceed the voluntary registration threshold. This enables start-up businesses with no turnover to voluntarily register for VAT. Businesses not registered for VAT cannot charge VAT on their sales and cannot claim any VAT incurred on their inputs. To register for VAT, knowledge of local tax legislations and procedures is essential otherwise the application for registration can be queried/rejected significantly impacting your business.
Haynes Path provides a personalized, simple and cost-effective service to register the business and obtain the Tax Registration Number (TRN).
Our Registration services include:
- A consulting led compliance service
- Advice on registration dates and types
- Review of all relevant registration material
- Guidance on documentation and information required
- Weighing the pros and cons of Group Registration
VAT Registration is now open. More information can be found on VAT Updates page.