Simple and Swift VAT Registration in UAE

Streamline your business with hassle-free VAT registration in Dubai

Are you a business owner operating in the UAE? Have you registered your business for VAT yet? Now is the time to take action and ensure compliance with UAE’s VAT laws and regulations.

At Now Consultant, we provide expert VAT registration services tailored to meet the unique needs of your business. Our team of experienced consultants will guide you through the registration process, ensure compliance with the latest VAT regulations, and provide ongoing support to help you avoid costly penalties and fines. Don’t wait until it’s too late – Contact Us today and let us help you secure your business’s financial future.

What is VAT?

Value Added Tax (VAT) is an indirect tax that is levied on the consumption of goods and services. The tax is calculated on the value added to goods and services at each stage of production and distribution, making it a consumption-based tax. VAT is a common tax system used by many countries around the world, including UAE.

Implementation Of VAT In UAE:

The United Arab Emirates (UAE) implemented VAT in January 2018, making it mandatory for businesses operating in the country to register for VAT. This was a significant move for the UAE, as it marked a shift from its traditional tax-free economy to a tax-based system.

Importance Of VAT In UAE:

VAT registration services in Dubai assist businesses in complying with the VAT laws and regulations. These services are designed to help businesses complete the VAT registration process, understand the registration requirements and procedures, comply with VAT regulations, maintain accurate records, calculate and pay VAT, file VAT returns, and more. With the help of VAT registration, businesses can avoid penalties and fines and ensure compliance with the latest VAT regulations.

Types Of VAT Registration:

There are two types of VAT registration in UAE:

1. Mandatory VAT Registration:

Mandatory registration is required for businesses whose taxable supplies and imports exceed AED 375,000 per year. This threshold applies to both resident and non-resident businesses in the UAE. If a business fails to register for VAT, it may face penalties and fines.

2. Voluntary VAT Registration:

Voluntary registration is an option for businesses whose taxable supplies and imports are below the mandatory registration threshold, but still wish to register for VAT voluntarily. Voluntary registration may be beneficial for businesses that deal with zero-rated supplies or that wish to reclaim VAT on their expenses.

Document Required for VAT Registration:

1. Trade License

A copy of the trade license issued by the Department of Economic Development (DED) or any other regulatory authority in the UAE.

2. Emirates ID

A copy of the Emirates ID of the authorized signatory and the manager or owner of the business.

3. Passport Copy

A copy of the passport of the authorized signatory and the manager or owner of the business.

4. Bank Account Details

The bank account details of the business, including the account number and IBAN.

5. Financial Statements

The financial statements of the business for the previous 12 months, including the profit and loss statement, balance sheet, and cash flow statement.

6. Business Premises Details

Details of the business premises, including the lease agreement or title deed, and the location of the premises.

7. Customs Registration Details:

If the business is engaged in importing or exporting goods, then the customs registration details are also required.

It is important for businesses to ensure that all the required documents are accurate and up-to-date before submitting them for VAT registration. Failure to provide accurate information or documents may lead to delays in the registration process or even fines and penalties.

VAT Rates In UAE:

In UAE, there are two VAT rates: the standard rate and the reduced rate.

1. Standard VAT Rate:

The standard VAT rate in UAE is 5%. This rate applies to most goods and services that are subject to VAT. The standard rate applies to all taxable supplies unless they are specifically listed as exempt or zero-rated.

2. Reduced VAT Rate:

The reduced VAT rate in UAE is 0%. This rate applies to specific goods and services that are listed as zero-rated supplies. Zero-rated supplies are those that are taxable at a rate of 0%, which means that no VAT is charged on these supplies.

There are also some goods and services that are exempt from VAT altogether.
Exempt supplies are those that are not subject to VAT and do not fall within the scope of the VAT system.

It is important for businesses to understand the VAT rates applicable to their supplies, as charging the wrong rate of VAT may result in penalties and fines. Additionally, businesses should ensure that their accounting systems are set up to correctly calculate the VAT payable at the relevant rate.

Offerings Of Value Added Tax Services

VAT registration services in UAE are provided by various consulting firms and taxation experts. These services are designed to assist businesses in complying with the VAT laws and regulations in UAE. The following are some of the key aspects of VAT registration in Dubai:

VAT Deregisteration

Now Consultant can assist businesses in deregistering for VAT with the Federal Tax Authority (FTA) in UAE. Our team of experts can guide businesses through the entire process, including preparing the required documents, submitting the application, and obtaining the VAT registration certificate.

VAT Return Filing

Now Consultant can also provide businesses with VAT filing and payment services, ensuring that they meet all the VAT reporting and payment deadlines. Our team can help businesses prepare and submit accurate VAT returns, calculate VAT liabilities and refunds.

VAT Consultation

Now Consultant can offer businesses VAT advisory and consulting services, providing them with expert guidance on VAT-related matters. Our team can help businesses understand the implications of VAT on their operations and finances, identify VAT-related risks and opportunities, and develop effective VAT strategies.

VAT Refund

VAT refund services in the UAE simplify and expedite the process of reclaiming Value Added Tax (VAT) on eligible expenses. We assist businesses and individuals in maximizing their VAT refunds while ensuring compliance with regulations and documentation requirements.

Why Choose Us?

Experience

Our team of consultants has years of experience in VAT registration and compliance. We have helped numerous businesses in UAE to register for VAT, ensuring that they comply with the regulations and avoid any penalties or fines

Tailored Approach

we provide a tailored approach to each client's VAT registration needs. We take the time to understand your business and its operations, and we provide customized solutions to ensure compliance with VAT regulations.

Competitive Pricing

We offer transparent and competitive pricing for the registration of vat number, We believe that quality service should not come at an exorbitant cost, and we strive to keep our prices reasonable without compromising on the quality of our service.

Customer Care

We pride ourselves on providing exceptional customer service. Our team is always available to answer any questions or concerns you may have, and we provide regular updates throughout the VAT registration process.

So, you can trust Now Consultant's VAT registration service because of our expertise and experience, tailored approach, competitive pricing, exceptional customer service, and fast and efficient service.
Contact us today to learn more about our VAT registration service and how we can help your business.

Businesses On Which VAT Applies

Amazon Sellers

Amazon sellers who operate in the UAE and exceed the mandatory registration threshold are also required to register for VAT. We provide VAT registration services for Amazon sellers and help them navigate the complex VAT regulations.

LLC's

Limited Liability Companies (LLCs) are required to register for VAT in UAE if their taxable supplies exceed the mandatory registration threshold of AED 375,000 per annum. At Now Consultant, we offer white-glove services for registration of VAT number for LLCs.

Local Businesses

All local businesses in UAE that exceed the mandatory registration threshold are required to register for VAT. Our VAT registration services are available to all local businesses, and we ensure that they comply with the VAT regulations and avoid any penalties or fines.

Foreign Businesses

Foreign businesses that have a taxable presence in UAE are also required to register for VAT. Our VAT registration services are available to foreign businesses, and we ensure that they comply with the VAT regulations and avoid any penalties or fines.

Get Your VAT Register With Ease!

Frequently Asked Questions

What is the minimum revenue for VAT registration in dubai?

Businesses that have an annual turnover exceeding AED 375,000 are required to register for VAT in UAE. However, businesses that have an annual turnover between AED 187,500 and AED 375,000 may opt for voluntary VAT registration

What are the benefits of VAT registration in UAE?

VAT registration in UAE offers several benefits, such as the ability to reclaim input VAT, increased credibility with customers and suppliers, compliance with regulations, and avoidance of penalties and fines for non-compliance.

What is the new VAT rule in Dubai?

The new VAT rule in Dubai, effective from 1st January 2022, mandates the use of digital tax invoices and electronic self-billing for VAT-registered businesses. Failure to comply with this rule can result in penalties and fines. Therefore, it’s important for businesses to register for VAT and stay updated on the latest regulations to avoid such consequences.

How to Register for VAT?

To register for VAT in the UAE, you can follow these steps:

Visit the Federal Tax Authority (FTA) website (www.tax.gov.ae).
First of all, you will create an e-services account.
Log into the account and fill out the VAT registration form.
Provide the required business and financial information.
Apply, and you will receive a VAT registration certificate if approved.

How long does it take to register for VAT?

The VAT registration process in the UAE typically takes around 20 business days, although processing times may vary depending on the completeness and accuracy of your application.

Who Is Eligible To Register For VAT In UAE?

A business must register for VAT if its taxable imports and supplies total AED 375k (USD $1k) or more. Businesses with taxable imports and supplies between AED 187.5k and AED 375k may voluntarily register for VAT. Businesses with taxable supplies and imports less than AED 187k are not required to register for VAT.