Skip to main content

How do I register my company for VAT?

The UAE regulations mandate businesses trading goods and providing services to register for taxation. Value Added Tax (VAT) registration is simply a tax registration for such businesses in the UAE.

However, not all businesses need to register for VAT. Businesses that exceed the annual aggregate turnover threshold, i.e. AED 3,75,000 and businesses that cross the total value of supplies in the next 30 days, must register for VAT. Get in touch with a VAT consultancy in Dubai to know if your company needs VAT registration.
The businesses need VAT registration for showcasing themselves as Government-acknowledged entities. This further allows or authorizes them to collect VAT from their customers, which in turn is remitted to the Government.

Why register the company for VAT?
Apart from the basic functionality of VAT registration authorizing businesses to collect VAT, there are certain other tasks which can be performed by a VAT registered company:
1. Collect VAT for taxable supply of products and services
2. Paying VAT to the Government
3. Filing VAT returns periodically
4. Claim Input Tax Credit on VAT paid on the purchase
Having understood why companies need to register for VAT, the main question that arises is how to register your company for VAT?
It is advised that one should contact a VAT consultancy firm for accurate, quick, and secured VAT registration. The Federal Tax Authority (FTA) has an online portal for VAT registration. The FTA announces a deadline for registering businesses under VAT.
It is important to understand how a company can be registered online for VAT. Furnishing true and factual information is essential, following the proper procedure for VAT registration and having a good understanding is needed for hassle-free and prompt VAT registration.
An easy-to-follow online procedure for applying a VAT registration in the UAE is as follows:
  1. Create an e-Service account with FTA and sign-up using your credentials.
  2. Fill the VAT Registration Form with all relevant details required.
  3. Review the form to avoid furnishing incorrect details and submit it.
Once the VAT registration process is complete and verified, your company gets allotted a 15 digit VAT Registration Number or Tax Registration Number (TRN). This is a unique identification number assigned to a business which is used for the payment of indirect taxes.
We advise businesses to get their VAT registration process done by a trusted VAT consultancy firm in the industry for years.

Alankit, as a preferred digital partner and an industry leader, has a diverse industry experience over the years for taxation and tax-related services in the UAE. Get hassle-free, failsafe and stepwise assistance for your company’s VAT registration from the best VAT consultancy in Dubai.

Comments

Popular posts from this blog

Lok Sabha elections 2019: Will it be 3rd time lucky for DARBARA SINGH GURU?

The retired IAS officer,  Darbara Singh Guru , who unsuccessfully contested the state assembly elections twice, is in the fray from the Fatehgarh Sahib Lok Sabha constituency as candidate of the Shiromani Akali Dal (SAD). Bureaucratturned-politician Darbara Singh Guru hopes to be third time lucky in his electoral bid. The retired IAS officer, who unsuccessfully contested the state assembly elections twice, is in the fray from the Fatehgarh Sahib Lok Sabha constituency as candidate of the Shiromani Akali Dal (SAD). In his first election in 2012 he contested from Bhadaur assembly segment after taking premature retirement from service, but lost to Mohammad Sadique of Congress by 6,969 votes even though the SAD-Bharatiya Janata Party (BJP) alliance scripted history by retaining power. In the 2017 assembly polls, he lost to Congress leader Gurpreet Singh in Bassi Pathana by 22,429 votes, slipping to the third position. Despite his two straight defeats, he has been fielded fr...

What is Form 15CA and 15CB? Introduction, Importance, and New Rules

Making payments overseas, or outside India, mandates individuals to fulfill certain documentation, legalities, and guidelines. Remittances to Non-Resident Indians staying in UAE are sanctioned by banks only if the person making the remittance provides an undertaking along with certificates, namely Forms 15CA and Forms 15CB. In simple terms, any NRI staying in UAE in need of funds/money transfer, or remitting funds from India to abroad, is mandatorily required to  submit duly filled Form 15 CA and 15CB . The purpose of the two documents is to ensure that taxes have been paid on the funds involved before overseas remittance is carried. In case, the funds are remitted abroad without the due taxes are being paid, Individual will get notice from Income Tax Department. The two legal documents offer similar information, with the major difference that Form 15 CA is a declaration by the NRI wanting to remit funds, while Form 15CB is a Chartered Accountant’s certification of the sa...

Which are the top 5 liberal arts universities in India?

Liberal Arts and Sciences is a contemporary subject discourse gaining immense popularity in top institutions across the globe for its multidisciplinary approach. As opposed to the common myth, liberal arts and sciences is a much broader academic stream going way beyond the convention of fine arts, performing arts and humanities-related subjects.  Offering avenues for wider thought horizons, interdisciplinary academic options and creative ideologies, liberal arts universities serve as the perfect career-led option for curious minds. However, liberal arts and sciences is still considered a relatively new field with only a few leaders across the country.  There are only a few renowned liberal arts colleges in India that offer niche liberal arts and sciences programmes. The ones that are currently offering multiple liberal arts and sciences courses are making a mark globally. Thapar Institute of Engineering and Technology being India’s leading educational institute takes a step...