VAT Registration Services in Dubai, UAE
Value-added Tax (VAT) is a relatively new form of tax that came into effect in the UAE in January 2018. The VAT regulations in force in the country stipulate the procedure for VAT registration, the collection of VAT from customers, and the remittance of the same to the government. Our VAT registration services in Dubai can make the registration process hassle-free for you.
Understanding the rules and specific stipulations is essential for avoiding unwanted complications. You may seek our professional support for VAT registration in Dubai so that you can concentrate on your business without worrying about the procedure. Only VAT registered businesses in Dubai are authorized to include VAT in their products and services.
VAT registration in Dubai mandates that businesses report the tax data to the Federal Tax Authority in the country. All the necessary documents have to be filled and the same has to be produced if sought by the authority. Compliance with VAT regulations is crucial. Else, the authorities may charge a heavy fine or blacklist the business.
VAT registration in Dubai can be classified into three, depending on the conditions for registering for VAT:
· Mandatory VAT Registration
· Voluntary VAT Registration
· Exemption from VAT Registration
The conditions for VAT registration in Dubai are:
Entities offering products and services that come under the VAT regime can register voluntarily
· Firms importing VAT chargeable goods
· It is mandatory for the companies that import products worth more than AED 1,87,500 annually to register for VAT
· The firms in Dubai doing a business exceeding AED 3,75,000 annually must register for VAT
We have a professional team for rendering VAT registration services in Dubai. The properly set up VAT domain will help the companies to claim a refund on the amount paid as VAT. The firms under the ownership of expat entrepreneurs can also process VAT refunds. You can remain unconcerned once you have assigned us the task for VAT registration in UAE.
It is our responsibility to render the best support to our clients. By offering matchless services, we continue to be the number one firm for more than twenty-two years.
VAT Registration Process
The key processes for VAT registration are:
· Basic registration for VAT
· Include the stipulated percentage of VAT in the invoice for products and services
· File VAT returns to the concerned authority and submits the data regarding the amount collected/ refunded officially
The process for VAT registration is:
· Launch the website of the Federal Tax Agency (FTA) in Dubai
· Sign up by entering the relevant details
· Commence VAT registration process
· Enter the info regarding the business and the financial data
· Attach the requisite documents
· Submit the application for VAT
Mandatory VAT Registration in Dubai
A properly filled application along with the requisite documents has to be forwarded for mandatory VAT registration. The VAT registration services in Dubai would handle the preparation of adequate documents and submit them to the authority. Further, the professionals in the services would do proper follow-ups for ensuring the quick completion of VAT registration.
The following types of firms must register for VAT mandatorily:
· If the owner calculates that the total turnover would exceed the specified threshold annually
· In case the business is expected to cross the laid down financial limits in a month
The authorities have promulgated that VAT registration is mandatory in either of the aforesaid scenarios. Note that, the business would include the value of imported goods and products also.
Voluntary VAT Registration in Dubai
Voluntary VAT registration is also advisable to maintain a healthy tax process. An entity in Dubai can opt for voluntary registration:
· At the owner’s discretion even if the business doesn’t cross the stipulated financial threshold
· The total business/ supplies/ imports/ exports have crossed the financial threshold in the previous twelve months
· If your business is projected to cross the specified financial threshold in the next one month (30 days)
· The financial limit for voluntary registration in Dubai is AED 1,87,500
Documents Required for VAT Registration in Dubai
The documents required for VAT registration in Dubai are:
· Copy of passport of the business owner/ shareholders
· Copy of Emirates ID
· Copy of business license
· Certificate of Incorporation
· Articles of Association (AOA)
· Power of Attorney (POA)
· Statement of business activities
· Financial statement indicating the turnover of the previous 12 months
· Documents indicating the sales data for the previous twelve months
· Projected business and turnover for the forthcoming month (next 30 days)
· Estimate the value of imports from GCC countries
· Document indicating the value of exports to GCC countries
· Consent from the business owner concerning businesses with GCC suppliers/ clients
· Bank account details
These all documents are necessary for registering for VAT. Arrange all the above before you start filling out the VAT registration form online. You may reach out to us for more guidance and support.
Why Kiltons Business Setup services for VAT Registration in Dubai?
Kiltons Business Setup Services has been the mainstay behind the company formation and business setting up of many entities in the UAE. We have been providing trustworthy services since 1999. Thus became the dependable agency for business set up in the country. With more than two decades of experience in business formation and other related activities, we assure comprehensive services.
Our VAT registration services in Dubai have helped many companies in registering for VAT without any issues. The handpicked professionals at our firm have immense experience and in-depth knowledge about every aspect of VAT. This has been the key feature that keeps us ahead of other VAT registration services in Dubai. We offer services not only in Dubai but also in all the seven emirates in the country.
The features that make us ideal for you are:
· Dependable customer service
· Experienced professionals with immense experience
· Affordable service packages
· Comprehensive services
· 24x7 service support
· End-to-end solutions
· Customizable services
We guarantee reliable support for VAT registration. To know more about our services, contact us now.