UAE VAT Registration made available through FTA online portal

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UAE VAT Registration: In Brief;

The​ Federal​ ​ Tax​ ​ Authority​ ​- FTA open it’s​ ​ online​ ​ portal​ which has given opportunity to the ​ taxpayers​ for register​ing 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.

Read all UAE VAT FAQ 

 The businesses​ ​ meeting​ ​ the​ ​ below​ ​ scenarios ​ must​ ​ agree ​ with​ ​ the​ ​ relevant​ ​ application​ ​ dates​ ​ for​ the UAE VAT ​Registration:

  • 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.
  • Businesses​ ​ with​ ​ an​ ​ annual​ ​ turnover​ ​ exceeding​ ​ AED​ ​ 10​ ​ million​ ​ must​ ​ apply​ ​ for​ ​ registration​ ​ by 30​ ​ November​ ​ 2017
  • Remaining​ ​ businesses​ ​ with​ ​ an​ ​ annual​ ​ turnover​ ​ exceed​ ​ the​ ​ mandatory​ ​ registration​ ​ threshold (expected​ ​ to​ ​ be​ ​ AED​ ​ 375,000)​ ​ must​ ​ apply​ ​ for​ ​ registration​ ​ by​ ​ 4 ​ ​ December​ ​ 2017

Before the​ ​ fulfillment​ ​ of​ ​ the​ ​ UAE VAT​ ​ registration​ ​ form,​ ​ the​ ​ FTA​ ​ provides​ ​ a ​ ​ guide ​ that shares​ ​ essential​ ​ information​ ​ that​ ​ businesses​ ​ should​ ​ be​ ​ aware​ ​ of, which are the​ ​ information​ ​stating ​the registration ​ process,​ ​the registration​ ​of​ VAT​ ​ group.​ The ​ necessity​ ​ for ​the registration and ​ if​ ​ only​ ​ zero-rated​ ​ supplies are​ ​ made. Additional​ ​ details​ ​ clarifying​ ​ the​ ​ UAE VAT​ ​ registration​ ​ processes ​ are​ ​to be found​ ​ in​ ​ the​ ​ UAE VAT​ ​ registration​ ​ guide.

The ​takeaway

It​ ​ is​ ​highly recommended ​ for​ ​ businesses​ ​ to​ ​ visit​ ​ the​ ​ FTA​ official​ website​ ​ and​ ​ to kick-start ​ their​ ​ VAT​ ​ registration​. Consider the deadline​​ provided​ ​ by​ ​ the​ ​ FTA​ ​ and​ ​ other​ ​ recommendations required​ for​ ​ the ​ VAT​ ​ Grouping.

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