1 / 11

HOW TO REGISTER FOR VAT IN THE UAE

We emphasize on having transparent business dealings to create comfortable and secured environment for clients. We offer a wide range of accounting services to a broad spectrum of industries.

ParshAccounting
Télécharger la présentation

HOW TO REGISTER FOR VAT IN THE UAE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HOWTO REGISTER FORVATIN THEUAE ByParshAccountingandBookkeeping

  2. 01 Introduction AVATregisteredcompanyisallowedtoperformthe below-mentionedtasks 02 03 VATRegistrationDeadlineinUAE Tableof Content 04 VATTurnoverCalculationforregistrationwithinUAE 05 MandatoryVATRegitrationwithintheUAE 06 HowtoapplyforVATRegistrationwithintheUAE 07 VATGroupRegistration ByParshAccountingandBookkeeping

  3. Introduction VATRegistrationinDubaiisataxregistrationthatcompaniesrequiredforthepurposeoftradinggoods and providing services within the UAE. Getting a business VAT registered indicates it’s a government- acknowledged business and holds the authority to gather VAT from its customers and remit an equivalenttothegovt.

  4. OVERVIEWOFTHETASKS AVATregisteredcompanyisallowedtoperformthe below-mentionedtasks: CollectVATfor taxableproducts andservices PayingVAT totheGovt ClaimInput decreaseonVAT paidonthe acquisition FilingVAT returns periodically AllVAT-registeredbusinessesneedtolineuptheirbusinessreportingsystemwiththecomplianceneedsasaccurateandup-to-date books of accounts, tax invoices, Tax debit notes, credit notes, and records to all or any outward and inward supplies are to be maintained.

  5. AstheVATimplementationwithintheUAEonJanuary 1, 2018, the Federal Tax Authority (FTA) is inviting applications to urge businesses VAT registered. The FTAhasmadeasimpleprovisionbyopeningaportal forbusinessestoregisteronline.Thecompanies preparewellbeforehandtochargeVATfromJanuary 1,2018,withanearlyinvolvesonlineregistration. Within the UAE, the VAT registration processwithin theFTAportalisadministeredinanorganizedmanner supportedtheturnoverofabusiness. VAT Registration Deadlineswithin theUAE ByParshAccountingandBookkeeping

  6. VATTurnover CalculationFor Registrationwithinthe UAE IntheUAEVATregistrationprocess,businesses whoseannualaggregateturnoverthresholdof AED375,000exceeds,andthereforethe voluntaryregistrationthresholdofAED187,500 hastheauthoritytourgethematregistered, Hence,businessesneedtounderstandand determine whether the worth of supplies has crossedthevoluntaryregistrationthreshold limitormandatoryturnoverthresholdlimit. ByParshAccountingandBookkeeping

  7. AsstatedbytheFederalTaxAuthority(FTA),businesses must register under the UAE VAT if they need a permanent establishmentorplaceofmultinationalwithintheUAEand thereforethetotalvalueofsupplywithinthememberstate withinthepreceding12monthshasexceededthe mandatory turnover threshold. Also, if the companies foresee that the entire value of the supplies crosses AED 375, 000 within the next 30 days then the business should mandatorilycatchonnecessarilyregistered. Businessesthatdon’thaveanareaofresidencewithinthe UAE will need to register under Value Added Tax (VAT) regardlessoftheregistrationthreshold. Mandatory VAT Registration withintheUAE ByParshAccountingandBookkeeping

  8. Themostcommonsortoftax,VATisimposechargeson goods and services within the UAE. Within the UAE VAT registration process, businesses whose threshold turnover crossesAED375,000needtonecessarilyapplyforVAT registration. There’s a web portal for VAT registration openedbytheFederalTaxAuthority(FTA).Thedeadlinefor businessturnovershasalreadybeensetbyFTAand therefore the registration is going to be administered gradually. While businesses need to work out their responsibility towards VAT registration, it’s also vital for businessestounderstandandunderstandtheweb registrationprocessforVAT. HOW TO APPLY FOR VAT REGISTRATION WITHINTHEUAE ByParshAccountingandBookkeeping

  9. Hereistheeasyonlineprocedure touseforVATregistrationinUAE: Createane-Service accountandsign-up usingyour credentials. FilltheVAT RegistrationForm. Reviewtheshapeto avoidthefurnishing ofincorrectdetails andsubmitit.

  10. Onlytherepresentativememberofa prospectiveTaxGrouphastheauthoritytouse foraTaxGroup.touseforaTAXGroup formation,therepresentativemembershould haveaTaxlicensenumber(TRN)orsubmita VAT registration application. The potential membersoftheTaxGroupshouldbea residentwithintheUAE,alegalindividual,and notamemberoftheotherTaxGroup. VAT Group Registration ByParshAccountingandBookkeeping

  11. CorporateWebsite www.parsh.ae Providingsolutionssince2019 ContactUs WE'DLOVETOHEARFROMYOU. PhoneNumber 971568511542 EmailAddress info@parsh.ae ByParshAccountingandBookkeeping

More Related