VAT Registration Services in Dubai, UAE
Whether you own a small, medium, or established large business, you need to get registered for VAT in UAE under the Emirati VAT law. Registering your business under the UAE VAT law denotes that your business is recognized by the Government. VAT registration in UAE for your business entity will depend on the income generated from your business. BOOKBLISS Accounting and Bookkeeping Services LLC is one of the leading consultancies in UAE, which offers outstanding VAT registration services in Dubai addition to VAT deregistration, VAT accounting, VAT return filing, etc.
VAT Registration Services by Bookbliss Finance Consultancy
With the introduction of VAT in the region, it has become mandatory for businesses to register with the Federal Tax Authority (FTA) to comply with tax regulations. Bookbliss Finance Consultancy specializes in VAT registration services to help businesses understand their obligations and fulfill them with ease.
When is VAT Registration Required?
- Mandatory Registration: Businesses with taxable supplies and imports exceeding AED 375,000 in a financial year must register for VAT.
- Voluntary Registration: Businesses with taxable supplies and imports between AED 187,500 and AED 375,000 can opt for voluntary registration, which can be beneficial for claiming input tax credits.
- Exemptions: Businesses with turnover below AED 187,500 are not required to register but can voluntarily register if needed.
Benefits of Registering VAT
- Avoid Penalties: Timely registration helps avoid fines and penalties imposed by the tax authorities.
- Input Tax Recovery: Registered businesses can claim input VAT on business-related expenses, reducing overall tax liability.
- Enhanced Credibility: VAT registration boosts your business reputation with clients and suppliers, showcasing compliance.
- Ongoing Compliance: We provide continuous support for VAT return filing, audits, and queries from tax authorities.
F A Q
Frequently Asked Questions on VAT Registration in UAE
Any person who does not have Place of residence in UAE, is liable to register for VAT or not?
The above-mentioned person will have to register for VAT if supplies of Goods/Services are made and no other person is obliged to pay the due tax in the UAE on these supplies.
What is the time limit to inform the authority for VAT registration?
In case of Mandatory Registration, the person must apply for tax registration within 30 days of being required to register.
Whether any person can get more than one Tax Registration Number (TRN)?
More than one TRN is not allowed for a business conducted in UAE.
Is it possible to get tax registration exemptions for companies operating in UAE?
Yes, it is possible for those taxable persons whose supplies are zero-rated. The request for the same should be submitted to the authority.
Whether the value of capital assets will be considered in calculating the registration threshold?
Yes. The following cases could be the reasons for refusal (1) the respective persons do not meet the definition for the related party specified by the authority, (2) there are convincing reasons to believe that; this registration may lead to tax evasion or a significant decrease in the authority’s tax revenues or increase in the authority’s administrative burden, (3) Any of the applicants is not a legal person, (4) one of the persons is a government entity, (5) one of the persons is charity.
Would the sale of a business asset or a business itself to a third party be considered as a taxable supply?
Sale of the asset by a VAT registrant would be treated as a taxable supply and hence subject to standard rate VAT, excluding assets that are exempt. But, if the assets or business is sold to a taxable person as a going concern, it is not eligible for VAT.