VAT Registration Services in Dubai, UAE

1. VAT VAT REGISTRATION REGISTRATION SERVICES IN SERVICES IN DUBAI DUBAI

2. Starting and running a business in Dubai comes with a lot of opportunities, along with some tax obligations. While doing business in Dubai is extremely rewarding, at the same time, in order to stay compliant with UAE tax laws, you must be careful about timely and accurate tax registration. VAT registration can be done through the FTA e-channel. However, the process can be complex. That is where reliable and expert VAT registration services in Dubai can help ease the stress. Dubiz Business Setup is your ultimate VAT management guide, here to assist you through the entire tax registration process. Our team of experts offer quality tax and accounting services in Dubai and UAE, taking care of your VAT registration with professionalism and guaranteed accuracy.

3. WHAT IS VALUE ADDED TAX (VAT) IN UAE Value Added Tax, shortly known as VAT, is a type of indirect tax imposed on most of the supplies of goods and services that are bought and sold. Basically, the tax is levied at each stage of the supply chain, such as manufacturer, wholesaler, and retailer level. Ultimately, the end consumer bears the tax, and businesses play the role of collecting tax on behalf of government. In the UAE, VAT was introduced on 1st January 2018 at a standard rate of 5%. It provides the nation with a new source of income, which in turn helps the government invest in various quality public services.

4. VAT REGISTRATION IN UAE for Businesses VAT registration is important for companies in the UAE that meet income threshold and deal with taxable goods and services. Registering for VAT on time with the Federal Tax Authority (FTA) promotes an environment of transparency and credibility in financial dealings. Whether operating on Dubai mainland or freezone, as a business owner in Dubai, you must register your business under the VAT law. After registration, you receive a TRN (Tax Registration Number), a 15-digit number, which is: Proof of business’s legal operating status Essential for filing VAT returns Required to claim any VAT refunds

5. TYPES OF VAT REGISTRATION SERVICES In Dubai There are two types of VAT registration services in UAE. The category under which you fall basically depends upon your past and expected annual turnover. Voluntary VAT Registration Mandatory VAT Registration Businesses whose annual taxable income exceeds AED 375,000 are legally required to register for VAT under mandatory registration. Businesses whose annual turnover is more than AED 187,500 but less than AED 375,000 can choose to register for VAT voluntarily. It is optional and non-registration does not lead to any fine. It is obligatory and non- compliance leads to fines and penalties.

6. COMPLIANCE WITH THE FTA Authority overseeing VAT in UAE The Federal Tax Authority (FTA) is the authority responsible for managing and collecting federal taxes and related fines along with applying all tax-related policies in the Emirates. FTA issues guidelines and provides assistance to businesses and consumers to help them meet their tax liabilities and fully understand the taxation system in the UAE. Our experts at Dubiz Business Setup ensure your business always remains aligned with latest FTA updates.

7. Accurate and Timely VAT Filing GUARANTEED BY DUBIZ All VAT-registered businesses need to file VAT returns on a regular basis. They must report the amount of VAT they have charged as well as the amount of VAT they have paid to the government on a regular basis. In case the business has charged more VAT than it has paid, the difference amount needs to be paid to the government. In case the business has charged less and paid more VAT, the difference amount can be claimed for a refund. The inaccurate filing of VAT can lead to penalties, audits, and legal issues. Professional VAT registration services in Dubai can help you with it.

8. Streamlined Process of VAT REGISTRATION IN DUBAI Here are the simple steps for getting your business VAT registered in Dubai: Login or sign up on the FTA's official website Create an account on the FTA You must provide all the necessary information related to your business and tax details in the application. Fill out the VAT application Attach all the necessary documents such as your trade license, financial records, and bank account details, and submit the application. Submit the necessary documents Once the application is approved, your registration will be complete, and you will receive your TRN number. Approval and TRN issuance

9. Documents Required for Documents Required forVAT Registration VAT Registration The FTA provides a list of documents that must be provided for successful VAT registration in Dubai, which include: Valid trade license Articles of Association Certificate of incorporation Ownership information of the business Detailed information of business activities Customs details, if applicable Passport/Emirates ID copy of the authorized signatory(s) Power of attorney for authorized signatory(s) Contact information Revenue forecast with evidence Monthly turnover declaration Supporting financial documents Bank details of the applicant Please note that documentation is subject to variation. Dubiz experts ensure that your documentation is accurate and meets all the requirements set by the FTA.

10. WHY IS VAT REGISTRATION SERVICES In Dubai Important VAT registration in Dubai is not only a legal obligation for those who qualify, but it also serves several important purposes: Obtain your Tax Registration Number (TRN) Become VAT compliant as per UAE tax law Start legally collecting VAT on your goods and services Reclaim input VAT on eligible business expenses Avoid penalties and legal issues associated with late registration Enhance the professionalism and credibility of your business

11. VAT – EXEMPTED SECTORS IN UAE The below given categories of supplies are exempted from VAT in UAE: Certain financial services defined under VAT law Residential properties Local passenger transport Bare land transactions

12. EFFICIENT UAE VAT REGISTRATION SERVICES IN DUBAI BY DUBIZ VAT registration in the UAE requires a careful approach. Even if you are going for voluntary registration, the legal procedures must be followed. You have to be meticulous with documentation and ensure timely VAT return filing. Dubiz offers comprehensive VAT registration services in Dubai, which include: VAT Consultancy & Advisory VAT Registration VAT Reporting, Return Filing & Compliance When it comes to a sensitive issue like tax, staying up to date with the latest FTA guidelines is especially important. Our experts ensure that VAT registration for your business setup in Dubai is handled in full compliance with the latest UAE tax laws. Our team ensures your application is accurate, complete, and in accordance with current regulations. If you have any concerns related to VAT, queries about VAT registration services Dubai, or anything else, you can book a consultation with our experts. They will be happy to help!

13. CONTACT US +971 563695485 dubiz.co info@dubiz.co Office number 2908, Al Manara Tower, Business Bay Dubai.