Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Hong Kong Lifestyle Expo in Dubai
Download our Media Kit

Restaurants

Education


 





Home / Features / VAT Registration
Special Features

VAT Registration

As per the publication of executive regulations for VAT registration in UAE, the mandatory threshold for VAT registration has been fixed at AED 375,000. This rule was released by the Federal Tax Authority (FTA) and Ministry of Finance (MoF) who went on to clarify that the companies with an annual turnover of AED 375,000 or more are required to register for VAT in UAE.

The Federal Tax Authority (FTA) and Ministry of Finance (MoF) also pointed out that companies can do voluntary VAT registration if their annual turnover is AED 187,500 or more. This announcement has led to the separation of voluntary VAT registrations and mandatory registration for VAT in UAE.

The Ministry further clarified if the taxable person or taxable entity fails to submit the VAT registration application within the specified time limit of the VAT law, there will be a fine of AED 20,000. The executive regulations have also created a provision for businesses to register as a tax group.

With the help of these provisions, more than one company can register their businesses as a group and exercise a standard control over all their specific branches in UAE. The principal advantage of this group registration is to simplify the procedures and save operational costs by filing consolidated returns through a single VAT registration. The business who are registered as a group can file their returns and make payments through a single person who will be the representative of the group. The FTA also stated that even though there is an availability of representative appointment, the members of the group will be jointly liable for any discrepancy happening in the filing of the VAT in UAE.



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     


View Special Features by Category
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top





Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance