The Federal Tax Authority - FTA open it’s online portal which has given opportunity to the taxpayers for registering under the Value Added Tax. The FTA has explained the last date for submitting the UAE VAT registration form. Every business of the same kind should immediately consider the timeline required for their turnover. Every business should take this seriously and consider VAT registration as a milestone.
UAE VAT Registration: In Detail;
The FTA has announced that different levels of registration process have been introduced. It is inevitable to complete the VAT registration form and to set up an online account on the FTA website. The guide will be provided at the time of registration. This guide will help you to know more about VAT laws in UAE. Especially, those Businesses which are listed to register under VAT law.
Businesses with an annual turnover exceeding AED 150 million must apply for registration by 31 October 2017. Businesses who has not registered for VAT by their specific time-limit may be fined with a late registration penalty.