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VAT Registration Services in Dubai – Accurate Accounting

Accurate Accounting is your reliable VAT registration company in Dubai.

We understand how crucial it is for Emirates enterprises to be VAT compliant. That is why we have a team of experts who stay updated with evolving tax rules and deal with every VAT registration matter with utmost attention, so there’s no scope for errors.

Our VAT registration services in Dubai can be relied upon for a smooth experience by companies of all sizes, whether a startup or a well-established company.

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vat registration services in dubai
vat registration services in dubai

Understanding VAT

Value Added Tax (VAT) is an indirect tax levied on most goods and services sold in the UAE. Introduced in 2018 under Federal Decree-Law No. 8 of 2017, VAT is now a critical aspect of business operations in the country.

Eligibility Criteria for TRC Certificate in Dubai

VAT registration is not only a regulatory obligation, but it also has numerous business benefits:

  • VAT registration services in Dubai guarantee your company is in line with UAE tax regulations, keeping you from facing hefty fines and legal problems resulting from non-compliance and showing your commitment to legal responsibilities.
  • The credibility and reputation of VAT-registered businesses improve right away. Such businesses look more professional and credible to customers, investors, and business partners who prefer to work with compliant and transparent businesses.
  • Your company can recover input VAT paid for purchases and expenses if it registers for VAT. In the end, it lowers your tax liability and enhances cash flow, which may be used to fund operations and expansion.
  • For registered business organisations, operating in a VAT-regulated economy is simple since it simplifies compliance, makes interactions with other VAT-registered businesses easier, and gives access to new partners, suppliers, and government contracts.

Why is a TRC Certificate in Dubai Important?

The tax residency certificate service in Dubai is more crucial with the UAE’s expanding pool of international tax treaties and role as a global business centre. The TRC allows individuals and businesses to:

Mandatory VAT Registration

  • Firms with annual taxable supplies and imports over AED 375,000 should register for VAT within 30 days of reaching this limit.
  • This applies to both local and international companies operating in the UAE.

Voluntary VAT Registration:

  • Companies with taxable turnover between AED 187,500 and AED 375,000 can opt for voluntary VAT registration.
  • Voluntary registration is beneficial for startups and SMEs, enabling them to claim input tax credits and boost market credibility.

Penalties for Non-Compliance

Not registering for VAT when obliged can entail hefty fines.

  • Late registration penalty: AED 10,000
  • Late filing or payment: Fines starting from AED 1,000, increasing with repeated offences, and monthly interest penalties on unpaid VAT
  • Additional penalties for incorrect invoicing or record-keeping

VAT Registration Services in Dubai: What We Offer

To guarantee your firm is completely compliant, Accurate Accounting, a professional VAT registration company in Dubai, offers end-to-end VAT registration services:

Our VAT Registration Process

1. Eligibility Assessment: We evaluate your business activities and turnover to determine if VAT registration is voluntary or mandatory.

2. Document Preparation: Our experts help you to gather all the documents required, including trade licence, Emirates ID/passport copies, bank details, and company formation documents.

3. FTA Portal Account Opening: We create your Federal Tax Authority portal account.

4. Application Submission: Our team completes and submits your VAT registration application accurately, minimising delays.

5. TRN Issuance: Once approved, you receive your Tax Registration Number (TRN) and VAT certificate, essential for all VAT-related transactions.

Contents of a VAT certificate

  • VAT Registration Number
  • Effective date of VAT registration
  • Issue date
  • Registered address and telephone number of the entity
  • The first VAT return period and the due date for the VAT return
  • Start and end dates of tax periods

Key Requirements for VAT Registration in Dubai

 
To complete your VAT registration, you’ll need:
  • Valid trade licence(s)
  • Passport/Emirates ID copies of owners and authorised signatories
  • Proof of business address and contact details
  • Bank account verification letter
  • Details of business activities and turnover
  • Partnership agreement or Articles of Association (if applicable)

VAT Exempt Sectors in the UAE

Not all goods and services are subject to VAT. The UAE VAT law outlines several VAT-exempt sectors where no VAT is charged, and input VAT cannot be reclaimed:

  • Financial services: Most financial transactions (e.g., loans, insurance, banking) are exempt unless a fee or commission is charged.
  • Residential real estate: The sale or lease of residential properties (excluding the first supply of new buildings) is exempt.
  • Bare land: The supply of undeveloped land is VAT-exempt.
  • Local passenger transport: Public transportation by metro, taxis, buses, etc., is exempt from VAT.
vat registration services in dubai

VAT Registration Services in UAE: Supporting Your Growth

Accurate Accounting’s VAT registration services in the UAE assist you in getting registration done seamlessly. Our team stays updated with the latest FTA regulations, ensuring your business remains compliant wherever you operate.

We also support your business with related services, including:

Accurate Accounting: Leading VAT Registration Company in Dubai

Experts are better equipped to handle VAT registration matters. Accurate Accounting is a leading VAT registration company in Dubai for businesses seeking a reliable entity to trust. We have an experienced and dedicated team to impart VAT registration services in Dubai. For every client, we simplify the process, minimise risks, and ensure their business always stays aligned with the UAE tax laws.

Key Concerns Answered

In Dubai, VAT registration normally takes two to four weeks after all paperwork is submitted, but this time frame may sometimes vary depending on FTA processing.

Once you receive your TRN, you must display it on all your invoices and start charging VAT on taxable supplies. You will also be required to file VAT returns (usually they are filed quarterly) and maintain VAT-compliant records for a minimum period of 5 years.

Yes, foreign businesses that make taxable supplies in the UAE must register for VAT. They also often need to appoint a fiscal representative for compliance purposes.

If the taxable turnover for your business is below AED 187,500 and you do not cross that limit in the near future, then you don’t need to register for VAT. Nevertheless, it is advisable that you keep track of your turnover and contact a VAT registration company in Dubai the moment your business takes off.

Yes, firms can request deregistration when taxable imports and supplies are under the threshold amount and will not cross the threshold value in the subsequent 30 days. Deregistration will be supported by the FTA.

All VAT records, such as invoices, credit and debit notes, receipts, and import/export documents, should be kept by companies for at least 5 years. Records should be complete, accurate, and readily available to be inspected by the FTA, if required.