Value Added Tax (VAT) is an indirect tax added to goods and services provided by companies and individuals within the UAE. Registered companies and individuals will have to submit a return to the FTA (Federal Tax Authority) monthly or quarterly and pay the tax collected. VAT in the UAE is very similar to VAT implemented in European and other countries around the world.
VAT will be paid only by the final consumer as registered companies will be able to claim back any VAT paid.Some goods and services such as transport, school fees, and finance commissions and interest are zero-rated or exempt.
We are able to provide you with a full list upon request. As well Free zone companies above the stated threshold will have to registration for VAT. Companies that make supplies to foreign companies only, may apply for an exemption.
“Whether you own a small, medium, or established large business, you need to get registered for VAT in UAE under the Emara tax law. Registering your business under the UAE VAT law denotes that your business is recognized by the Government.”
“VAT registration in UAE for your business entity will depend on the income generated from your business. KWS FINTECH SERVICES L.L.C-FZ is one of the leading consultancies in UAE, which offers outstanding VAT registration services in Dubai addition to VAT Booking, VAT accounting, VAT return filing, etc..“ VAT Registration is the process of listing your business with the government as active in production and sales. Charging VAT on any goods or services sold, Paying any VAT due to HMRC. The United Arab Emirates will implement Value-added Tax (VAT) on 1st January 2018. VAT will be introduced at a rate of 5% on goods and services with some limited exceptions including basic food items, healthcare, and education. Federal Decree Law No. 8/2017 and the cabinet and executive decisions offer guidelines on the law governing VAT implementation in the UAE.
Mandatory VAT registration is required for all businesses under below mentioned criteria: If the total value of its taxable supplies and imports over the previous 12 months exceeds the minimum registration threshold. If the company anticipates that the total value of its taxable supplies and imports will surpass the mandatory registration threshold within the next 30 days.
