VAT registration in the UAE is mandatory for businesses whose taxable supplies and imports exceed AED 375,000 in a 12-month period. However, companies may register voluntarily if their supplies and imports fall below the mandatory threshold but exceed AED 187,500. This voluntary registration option also applies to startups whose expenses surpass the voluntary threshold.
To complete the VAT registration process, businesses must provide essential documents such as a copy of their trade license, memorandum, article of association, and partners’ or owners’ Emirates ID copies. Additionally, details regarding business activities, turnover for the last 12 months, expected turnover in the next 30 days, and estimated values of imports and exports from GCC countries are required. Moreover, businesses must furnish information about their dealings with GCC suppliers or customers, customs registration certificates if applicable, bank account details, and supporting documents like audit reports for the previous 12 months’ sales.
Accurate Accounting is a prominent network of seasoned accountants and business advisors headquartered in Dubai, United Arab Emirates. We specialize in book keeping services, vat & corporate tax.
