Guidance for VAT Registration

[SKM International]

Businesses must register if their taxable supplies exceed Dh375,000 annually | The UAE’s Federal Tax Authority (FTA) announced that online r

Can't See This Message? View in a browser Businesses must register if their taxable supplies exceed Dh375,000 annually   The UAE’s Federal Tax Authority (FTA) announced that online registration for Value-Added Tax (VAT) is now open through the Authority’s website ahead of the tax’s implementation from January 1, 2018. Businesses must register for VAT if their taxable supplies and imports exceed Dh375,000 per year. Businesses with taxable supplies and imports that are less than that mandatory minimum, but exceeds the voluntary registration limit of Dh187,500 annually, can optionally register for VAT. FTA urged businesses with an annual turnover of over Dh150 million to register before October 31, 2017. All businesses with an annual turnover exceeding Dh10 million should register before November 30, 2017. The registration portal is available 24/7 to facilitate the registration procedures for all businesses from sectors that are subject to VAT.   Documents Required for VAT Registration We at SKM International can assist in registration of your business. Before we start your registration, please make sure you have following documents/information handy.  ·Trade License(s) ·Certificate of Incorporation (Free Zone Companies) ·Certificate of Incorporation (if applicable) ·Articles of Association/ Partnership Agreement (if applicable) ·Contact Information ·Bank Account details ·Financial Statements ·Customs details (if applicable) ·Authorized Signatory documents ·Passport and Emirates ID of manager, owner and senior management Should you have any query or need assistance in VAT Registration, please reply this email and our VAT Expert Team would be glad to help you in any manner.   Call us VAT Registration and VAT queries SKM International VAT Expert 201C, B62 Building,  Al Maktoum Road, Above RAK Bank,  Next to Emirates Concorde Hotel  Deira, Dubai - United Arab Emirates. P.O. Box 183059, Dubai, United Arab Emirates  + 971 50 4676658,  +971 4 234 0958,  +971 4 234 0950,  sus...@skminternational.com  skminter...@gmail.com  www.skmconsultant.com  www.uaeaudit.com Know more about VAT Registration FAQ on VAT in UAE You've received this email because you are a subscriber of this site If you feel you received it by mistake or wish to unsubscribe, click here