VAT registration Services In Dubai

Businesses that provide taxable services in UAE are required to register with VAT if they have a turnover of more than AED 375,000 in the past 12 months or if it is expected to rise in the next 30 days. VAT registration is optional for companies that have an annual turnover of between AED 187.500 and AED 375,000. The main reason for VAT registration is to obtain a Tax Identification Number (TRN). Online VAT registration is possible through the portal of the Federal Tax Authority. Registration of your business under VAT means that your business is recognized by the government. Pro Line Services offers its clients simple and hassle-free VAT registration Services in the UAE.

Process of VAT Registration:

Documents Required for VAT Registration:

• Application letter with signature of individual/authorized signatory
• ID proof of the authorized party such as a passport copy or Emirates ID
• Copy of the company’s trade license
• Certificate of Incorporation of the company
• Articles of Association Certificate of the company
• Power of Attorney Certificate
• Details of the business
• Last 12 months’ turnover
• Expected turnover in the next 30 days
• One year estimated imports from all GCC countries
• One year estimated exports for all GCC countries
• Supporting documents for customs registration
• Bank account details

Types of VAT Registration

In UAE VAT registration can be Mandatory as well as Voluntary depending on the annual turnover of a business. Mandatory Registration is required if the annual turnover is greater than the threshold for tax registration or is expected to rise. If the value of imports and taxable supplies exceeds AED 375,000 then VAT  becomes mandatory. This limit does not apply to foreign companies, so a company selling goods to UAE clients, regardless of their turnover, must register for VAT. Voluntary The threshold for voluntary registration is AED 187.500. A company that has taxable imports and supplies worth more than the voluntary threshold but less than the mandatory threshold may register for VAT voluntarily.

Exemption from VAT:

• Certain financial services
• Residential properties
• Bare land
• Local passenger transport

Why Businesses Need VAT Registration:

• It will improve business opportunities for your business
• It will enhance your business profile
• It will help you avoid penalties
• It will let you claim VAT refunds.

VAT Consultancy by Pro Line Services: Pro Line offers tax services to all businesses, small and large. If you do not register for VAT within the specified time, there will be a penalty of AED 20,000/. Contact us now, as our team has extensive knowledge of the VAT registration process and how to file VAT on time. All types of VAT services are available for all kinds of businesses. We offer a wide range of services because we understand how important VAT  is for businesses. Contact us to book a consultation if you have any questions about VAT registration.