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  1. VAT Registration In Dubai

    By Kamran Kirmani il 22 July 2022
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    Who should register under VAT in Dubai UAE?
    Before starting your business in Dubai, you must determine whether your company should register under VAT. You can choose between voluntary and mandatory VAT registration and single and tax group registration. Once registered, you’ll need your Tax Registration Number (TRN) to claim indirect taxes. After that, you must register under the VAT to receive a Tax Registration Number (TRN).

    To register under VAT in Dubai, your business must have an annual turnover of AED 375,000. Alternatively, you may be eligible for voluntary registration if your supply value does not exceed AED 187,500. Whether you’re a new or existing business, it’s essential to know your taxable income. After you’ve determined your taxable income, you must obtain a TRN.

    To avoid penalties, you need to register under VAT. The threshold is AED 375,000 or 187,500 in the previous 12 months. If your turnover is below that, you can’t register under VAT, but you should register if your expenses exceed that threshold. Even if your business is small, you should register for VAT in the UAE to receive a tax refund. You can file your VAT return electronically at the end of each taxable period or file it quarterly. If your business is a non-resident, you must register under VAT in Dubai if you have economic activities in the UAE.

    directions.ae/vat-registration-in-dubai-uae
    Last Post by Kamran Kirmani il 22 July 2022
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