VAT Registration is now open

The UAE Federal Tax Authority (FTA) announces that online registration for VAT is now open!

 

VAT 002Who and when should register for VAT?

  • All businesses with a turnover exceeding AED 150m should apply for registration before 31 October 2017
  • All businesses with a turnover exceeding AED 10m should apply for registration before 30 November 2017
  • All businesses that must be registered by 1 January 2018 should submit their registration applications before 4 December 2017 to minimize the risk of not being registered in time for the beginning of the new year

 

A business must registered if:

  • The total value of its taxable supplies made within the UAE exceeds the mandatory registration threshold of AED 375,000 over the previous 12 month period
  • It anticipates making taxable supplies with a value exceeding the mandatory registration threshold of AED 375,000 in the next 30 days

What are the taxable supplies?

Taxable supplies include the following:
  • All supplies that are made in the UAE (whether subject to 5% or zero-rated under Article (45) of the Federal Decree Law No (8) of 2017), excluding supplies exempted under Article (46) of the Federal Decree Law No (8) of 2017
  • All goods or services imported from abroad Read more

What are the obligations if I do not meet registration threshold above?

Businesses will be required to keep records which will enable the Federal Tax Authority to identify the details of the business activities and review transactions. The specifics regarding the documents which will be required and the time period for keeping them can be found in the Federal Law No. (7) of 2017 on Tax Procedures and its Executive Regulation.

VAT Registration Online

Click to register

Businesses can register through the e-services section on the FTA website

Reference link:  https://tax.gov.ae/vat-registration-is-now-open.aspx