VAT registration services in dubai UAE

VAT Registration Services in UAE


VAT Registration Services in UAE are demanded by the businesses who need Tax Registration Number (TRN). To get the TRN, businesses must apply for online VAT registration process. Online VAT registration process can be started by visiting the online FTA portal. 

Types of VAT Registration Services


There are two types of VAT registration services, companies will choose one category before applying for VAT registration and it will be based on their annual turnover. Following are the VAT registration categories:

Mandatory VAT Registration – Annual turnover is more than Dh 375K
Voluntary VAT Registration – Annual turnover is more than Dh 187,500 but less than Dh 375K


There are many factors which businesses should consider before applying for VAT registration process like whether to apply for mandatory VAT registration or the voluntary VAT registration, The other aspect is to apply for single VAT registration or a Tax group.

We provide a personalised, simple and cost-effective service. You won’t require any knowledge of local laws and you can benefit from our VAT consultants in UAE to obtain the TRN number and other registrations you require as quickly as possible.

Our dedicated team of professionals brings an informed perspective to each challenge, calling upon years of benefits experiences in a variety of businesses and industries, and  combining their talents and tenacity, insights and intuitions, creativity and practicality.

We provide liquidation services for all entities – "VAT Registration Services in Dubai UAE" limited liability companiesfree zone companies and offshore companies across Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, and Sharjah. We also assist in the preparation of Board resolution, power of attorney, audit report, liquidator’s statement etc, which are mandatory documents required for liquidation.

Value Added Tax (VAT) IN UAE


On 1st January 2018, Value Added Tax (VAT) was introduced in UAE. The Federal Tax Authority(FTA), imposed 5% VAT on all goods and services sold in UAE. VAT is an indirect form of tax and end-consumers are the ultimate cost bearers. The businesses collects the VAT on behalf of Government at each point of sale.

Criteria For VAT Registration In UAE. As UAE Federal Government introduced Value Added Tax (VAT) in UAE on 1 January 2018, businesses comes under following criteria’s are supposed to register for VAT.

(a) It is mandatory to register for VAT if businesses taxable supplies and imports exceeds AED 375,000 per annum. 

(b) It is optional for businesses whose supplies and imports exceed AED 187,500 per annum. A business house collects 5% VAT form end-consumers and pays its to UAE Federal Government. 

At the other end , they are eligible for a refund from FTA for the VAT they already paid to their suppliers. Steps for VAT Registration In UAE. In order to start VAT registration process, a business house needs to create an e-services account with FTA.

Once you login to your account, you need to provide all your company details like, Company Name, Management Details, Contact Details etc. And also need to upload all legal documents related to your company, as a proof to validate the details you provided. Below mentioned are the steps for VAT Registration In UAE. 

 

How To Register For VAT In UAE?

VAT Registration in UAE, is done through the eServices section on the FTA website. However, to start the process, they need to create an account first. After creating the account, users need to login to the FTA eServices portal & need to submit all the legal & financial documents required for TRN Validation.

Kindly follow the below mentioned simple steps to finish the VAT Registration Process.Create an e-Services Account.
Login to e-Services Portal.
Adding a new taxable person account (who is not yet registered) to my account.
Enter all legal information about companies like, Trade License Number, TL Validity, Signatory Details, etc. on its specified places.
Enter Office Location, Contact Details etc.
Upload all supporting legal documents like TL, MOA, Passport Copies Of Signatory, etc as mentioned in the portal.
Enter Uptodate financial details of the company as per FTA requirement.
Upload all supporting financial documents as mentioned in the portal for verification.
Save & review the application.
Submit your VAT Registration application.

You can access the FTA e-Services portal by clicking below mentioned link.

https://eservices.tax.gov.ae

Documents Required For VAT Registration in UAE:


1, Trade license of business house. 

2. Certificate of incorporation or registration certificate, if applicable. 

3. Memorandom of association/ Article of association/ partnership agreement or any other document to show the management details about the business. 

4. Passport and emirates ID copy of the manager 

5. Signatory details. 

6. Physical office address of the business house. 

7. Contact details of the company. 

8. Bank account details of the company. 

9. Directories/ partners other business relationships in UAE in last five years along with their trade license copies. 

10.Declaration from business house about:

 

a, Details about business activities of the applicant

b, Financial transaction values estimation

c, Last 12 months turnover details with supporting document

d, Details about Expected turnover details in next 30 days

e, Details about Expected exempt supplies details

f, Details about Imports and Exports

g, GCC activities of the business, if applicable h, Details about customs registration, if applicable

VAT Registration Services in Dubai UAE
VAT registration services in dubai UAE
VAT registration services in dubai UAE
"VAT registration services in dubai UAE"

Mandatory VAT Registration
As per Federal Tax Authority (FTA), companies or individuals having annual turnover of AED 375,000 or more must apply for VAT registration and must get Tax Registration Number (TRN) in order to run business in UAE. They must implement VAT and must collect VAT on behalf of FTA. This is called Mandatory VAT registration in UAE.

Voluntary VAT Registration
As per Federal Tax Authority (FTA), companies or individuals having annual turnover of more than AED 187,500 but less than AED 375,000 can voluntarily apply for VAT Registration and they get Tax Registration Number (TRN) voluntarily. It is totally up to the company if they want to register or do no want to register. In both cases, there will not be any issue. There is a certain procedure to apply for Tax Registration Number (TRN) in UAE.

Read More: How to apply for Tax Registration Number (TRN)?

VAT Registration for New Company
VAT registration for new company is not necessary. Newly found companies does not require VAT registration services in UAE. VAT registration for new company is only applicable when the company is expecting a turnover of AED 187,500. Below this turnover, they do not have to register as FTA will reject their VAT registration application and will not issue the Tax Registration Number (TRN).

VAT Registration as a Tax Group
VAT registration as a tax group depends on the number of companies doing a business with multiple trade licenses. For tax group registration, all the businesses must be established in UAE. FTA will issue one TRN for the whole group of companies. 

UAE VAT Registration in Dubai 


VAT registration in UAE is an online process. Companies who want to register under VAT will apply for VAT registration on FTA online portal. There are certain documents required for VAT Registration. In case of VAT non compliance, FTA will apply VAT fines and penalties. Xact Auditing is offering best online VAT registration services in Dubai.

Late VAT registration Fine - AED 20,000


VAT Registration Services UAE


Xact Auditing is providing best VAT registration services in UAE. We will help you in analyzing your turnover that whether you should register for VAT or still have to wait. Xact Auditing will apply for online VAT registration and get the Tax Registration Number (TRN) for your company along with your company’s VAT certificate issued by the FTA. For VAT registration services in UAE, Contact Us.

"VAT Registration Services in Dubai UAE"

"VAT Registration Services in Dubai UAE"

"VAT Registration Services in Dubai UAE"

"VAT Registration Services in Dubai UAE"

"VAT Registration Services in Dubai UAE" "VAT Registration Services in Dubai UAE" "VAT Registration Services in Dubai UAE" "VAT Registration Services in Dubai UAE"

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OUR LIQUIDATION Services

  • Appointment as liquidator

  • Administer the liquidation process

  • Supervise asset disposals

  • Negotiations and settlement with creditors

  • Liaise with liquidation accountants

  • Process third party liquidation costs

  • Coordinating with various legal authorities and government departments

  • File de-registrations and other formal notifications

  • Administer the complete documentation

  • Preparation of statement of affairs

  • Supervise the on-going and liquidation specific accounting requirements