VAT Registration in Abu Dhabi

Value Added Tax (VAT) was implemented in Abu Dhabi, United Arab Emirates, on January 1st. In Abu Dhabi, United Arab Emirates, the Federal Tax Authority (FTA) levied a 5% VAT on all goods and services. Since VAT is an indirect tax, end users are ultimately responsible for paying it. At each point of sale, the company collects the VAT on behalf of the government.

the UAE’s requirements for VAT registration. Value Added Tax (VAT) was implemented by the UAE Federal Government on January 1, 2018, and it is now in effect throughout the country’s seven emirates, including Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaima, and Fujairah. Companies that meet the following requirements must register for VAT.

(A) Businesses must register for VAT if their taxable imports and supplies total more over AED 375,000 annually.

(B) For companies with annual supplies and imports of more than AED 187,500, it is optional. A corporate entity pays the UAE Federal Government 5% VAT that it has collected from end customers.

The VAT they already paid to their suppliers qualifies for a reimbursement from FTA on the other end. How to Register for VAT in the UAE. A business entity must register for an e-services account with FTA in order to begin the VAT registration process.

After logging into your account, you must provide all the information about your business, including the Business Name, Management Information, Contact Information, etc. Also, you must provide all relevant legal papers for your business as verification that the information you supplied is accurate. The stages for VAT registration in the UAE are shown below.

Documents Required For VAT Registration Abu Dhabi

1. A company house’s trade licence.

2. If necessary, a certificate of incorporation or registration.

3. Any other document that provides management with information about the company, such as the memorandum of association, articles of association, partnership agreement, or bylaws.

4. A copy of the manager’s emirates ID and passport

5. Signatory information.

6. The business’s physical office address.

7. Company contact information.

8. Information about the company’s bank account.

9. A list of partners and other commercial ties in the UAE for the previous five years, together with copies of their trade licences.

10.Declaration from business house regarding: a) Details of applicant’s business activities b) Estimation of financial transaction values c) Details of applicant’s last 12 months’ turnover with supporting documentation d) Details of applicant’s anticipated 30-day turnover e) Details of applicant’s anticipated exempt supplies f) Details of applicant’s imports and exports g) Activities of business in GCC, if applicable and h) Details of applicant’s customs