VAT Registration in UAE

Are you looking for help with registering your business for VAT? Beaufort is one of the leading VAT registration consultants in the UAE known to deliver top-notch services.

With the commencement of VAT, we offer world-class assistance to businesses to ensure that their practices are VAT compliant and efficient all at the same time.

VAT Registration Services in UAE – Leading Consultant

At Beaufort, we take utmost pride in our amazing team of top-notch VAT specialists that offer world-class consultancy services to help our clients register for Value Added Tax and structure their businesses.

We take it as our responsibility to ensure that their business does not face any hurdles or complications in terms of ensuring compliance with the VAT rules and regulations. With us around, there is no need for our clients to worry about facing penalties that are incurred due to non-compliance.

When you get in touch with the team at Beaufort, your business will be assigned to a dedicated VAT consultant who will also be responsible for providing information to you with regards to the various developments and updates concerning tax legislation.

Most importantly, we understand that our clients run different businesses and have differing needs. It is for this reason that we hold an expertise in delivering tailor made solutions that are sure to fulfill all your present and future taxation needs. .

Top-Class VAT Registration in Dubai 

Not only does our team assist with registration, we also review important documents, including the existing contracts of our clients to ensure that they are in line with VAT rules and regulations.

All VAT clauses are duly incorporated in the contracts, irrespective of whether they are old or new. Our VAT experts also provide complete assistance in filing VAT returns.

So, if you are on the lookout for VAT registration consultants in the UAE that offer a broad spectrum of top-notch services, then make sure that you get in touch with the team at Beaufort right now.

Don’t forget, we offer a free initial consultation and initial setup of accounting structure. We also offer a 50% discount on VAT filing fee for the first two quarters for startups!

Connect With Us Today

For further information pertaining to our services, please request a free consultation or feel free to give us a call at +971 4240 9070. You can also email us at contact@beaufort.ae 

Beaufort was established in Dubai in September 2000 as a management consulting and business advisory services company focused on helping clients achieve their vision. We are also a trusted VAT registration consultant and offer assistance with accounting outsourcing in Dubai.

Bank Aljazira
Abu Dhabi University
Farzana Trading
Aerotechnic
NTT Communications
ABBASI GROUP

Introduction to VAT Registration in UAE

Being registered under the VAT law signifies that a business is officially recognized by the government as a supplier of Goods and Services and is granted the authority to collect VAT from customers and submit it to the government.

Only businesses registered for VAT are eligible to:

  • Impose VAT on the taxable supply of goods and services.
  • Assert Input Tax Credit for VAT payments made on their purchases, which will be subtracted from their VAT liability on sales.
  • Submit VAT payments to the government.
  • Periodically file VAT returns.
  • In addition to the above, all registered businesses must align their business reporting structure in accordance with compliance requirements. This includes maintaining accurate and up-to-date financial records, as well as tax-related documents such as tax invoices, credit notes, debit notes, and records of all inward and outward supplies.

Consequently, grasping the fundamentals of VAT is a crucial step in preparing for VAT, and obtaining VAT registration is the initial stride in transitioning your businesses into the VAT era.

Tax Registration Made Simple

Address: Office 212, Building 1, Dubai Internet City,

+971 4240 9070

Who should register under VAT?

Not all businesses are obligated to register for VAT. Only businesses that surpass the specified annual aggregate turnover threshold are required to register under VAT.

Depending on the registration threshold, a business will fall into one of the following categories:

1. Mandatory VAT Registration: Businesses that exceed the defined turnover threshold must register for VAT.

2. Voluntary VAT Registration: Businesses that do not meet the mandatory registration requirement have the option to apply for VAT registration voluntarily if they wish to do so.

3. Exemption from VAT Registration: Some businesses may be eligible for an exemption from VAT registration based on specific criteria or industry-related considerations.

These distinctions determine whether a business is obliged to register for VAT or has the choice to do so voluntarily, or if they qualify for an exemption from VAT registration.

VAT Registration Deadlines in Dubai - UAE

In the lead-up to the implementation of VAT in the UAE on January 1, 2018, the Federal Tax Authority (FTA) initiated the process of VAT registration.

The FTA established an online portal to facilitate registration for businesses. This early initiative for online registration aimed to provide businesses with ample time to prepare and ensure they were ready to levy VAT starting on January 1, 2018.

VAT registration in the UAE through the FTA portal was conducted in stages, with the specific phase depending on the business’s turnover.

VAT Turnover Calculation for Registration in UAE

In the context of UAE VAT, businesses are eligible to apply for VAT registration if their annual turnover surpasses the mandatory registration threshold of AED 375,000 or the voluntary registration threshold of AED 187,500.

To determine whether they meet these thresholds, it’s essential for businesses to comprehend which types of supplies are included in calculating their annual turnover for VAT registration in the UAE and how to perform this calculation.

Best VAT Registration Consultant in UAE

Address: Office 212, Building 1, Dubai Internet City,

+971 4240 9070

What Documents Required For VAT Registration UAE (Updated)

To obtain the Tax Registration Number (TRN), businesses must submit the necessary documents for VAT registration. For online VAT registration in the UAE, the following documents are required:

1. Copy of Trade License (should not be expired).
2. Passport copy of the owners/shareholders/managers who own the trade license (should not be expired).
3. Emirates ID copy of the owners/shareholders/managers who own the trade license (should not be expired).
4. Contact details of the company (P.O Box and complete address, including building and area).
5. Memorandum of Association (MOA) – not mandatory for sole establishments.
6. Concerned person’s contact details (Mobile Number, Designation, Email Address).
7. Bank details of the company (Must be the company’s bank account – Individual’s bank account will not be accepted) – (Account Name, Account Number, IBAN, Bank Name, Branch Name) – OPTIONAL.
8. Turnover declaration for the last 12 months (should be signed and stamped by the owner of the company and must be printed on the company’s letterhead).
9. Sample of sales or purchase invoices (Signed and Stamped).
10. If the business deals with the customs department, attach a customs letter.

All the necessary documents for VAT registration will be submitted to the Federal Tax Authority (FTA) through an online process. After applying for online VAT registration in the UAE, it will take approximately 2 – 3 working weeks for the FTA to review the VAT registration application and issue the Tax Registration Number (TRN).

Documents Required for Tax Group Registration:

Businesses in the UAE can also apply for Tax Group Registration. Multiple businesses of different natures can form a tax group. According to the Federal Tax Authority (FTA), if an individual holds more than 50% shares in more than one company, they can create a tax group for all the companies, and the FTA will issue a single TRN for the entire group of companies.

How To Apply/Register For VAT in UAE

In the UAE, businesses with turnovers exceeding AED 375,000 are obligated to apply for VAT registration.

To simplify the registration process for businesses, the Federal Tax Authority (FTA) has launched an online portal for VAT registration. The FTA has already announced deadlines for registration, and the process will be executed in stages.

While it’s crucial for businesses to ascertain their obligation regarding VAT registration, it’s equally important for them to be familiar with the procedure for applying for VAT registration and to understand the level of detail required to successfully complete the online registration process.

Prior to initiating the online VAT registration process, having a comprehensive understanding of the necessary information and the steps involved in completing the registration is crucial.

This proactive approach allows for adequate preparation, ensuring a smoother and more efficient registration process. It also helps in avoiding unnecessary delays caused by providing incorrect details, which could potentially lead to the rejection of the registration application.

The online VAT registration process typically involves the following steps:

1. Creation of e-Service Account: You’ll need to create an e-Service Account to access the VAT registration portal.

2. Login to your e-Service Account: After setting up your account, you can log in to access the VAT registration platform.

3. VAT Registration Form: The online VAT registration form is divided into 8 sections, each requiring specific details for the completion of VAT registration. These sections are as follows:

a. About the applicant
b. Details of the applicant
c. Contact details
d. Banking details
e. Business relationships
f. About the VAT registration
g. Declaration
h. Review & submit

By understanding these sections and providing accurate information, businesses can navigate the VAT registration process with ease, minimizing the risk of errors and ensuring a successful application.

Group VAT Registration

In UAE VAT, individuals conducting business cannot have multiple Tax Registration Numbers (TRNs), except as specified in the UAE Executive Regulation.

Even if operating through branches in multiple Emirates, only one VAT registration is necessary. Similarly, if two or more individuals are closely related or associated in business, they can apply for VAT group registration.

Reach Out Today, for Accounting and VAT Services in Dubai!

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