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VAT Registration & Deregistration

1. VAT Registration

If your business generates an annual turnover of more than AED 375,000/- then your company is liable for a mandatory VAT Registration. VAT in UAE came into effect since January 1, 2018. If your company comes under the above threshold limit, then you have to register for VAT.

Before registering to VAT in UAE, you must analyze various aspects: whether to register as a voluntary option or mandatory option, whether to register as a Tax Group or a single entity, etc.

Under the Registration of VAT in UAE, AM Audit will assist you with

  1. VAT Registration Eligibility Assessment
  2. VAT Registration – Single company
  3. VAT Registration – VAT Group

 

2. VAT Deregistration

Businesses and individuals registered under Federal Tax Authority (FTA) can de-register from VAT in two situations:

  1. If your turnover did not exceed AED 187,500 in the 12 months after registering with the FTA, you must apply it for the VAT Deregistration.
  2. If your business stops making taxable supplies, then you have to apply for VAT deregistration.

VAT deregistration in the UAE should carry out as soon as possible to escape any penalty.

If you voluntarily registered for VAT and after 12 months, your business no longer generates revenue equal to AED 187,500. You shall analyze and evaluate if it’s taxable supplies will exceed within the voluntary threshold (AED 187,500) in the next 30 days, if not, then you should apply for VAT Deregistration in the next 20 days.

Under the Deregistration of VAT in UAE, AM Audit will assist you with VAT. 

  1. Deregistration Eligibility Assessment   
  2. VAT Deregistration

However, more than this, VAT registration and deregistration can help the business in the following ways,

  • VAT registration sends out the message that the business has enough revenue to file tax
  • It helps the business boost its business profile
  • VAT registration creates the chance for VAT returns file
  • This will help the business expand its business

Why AM is Audit the Best Place for VAT registration and deregistration ?

AM Audit has been providing extensive support and assistance to companies in UAE with a plethora of their VAT registration and deregistration requirements. Over the years, we have gained deeper and profound insights into the processes and we have become one of the most responsible and reliable tax advisors in UAE to offer comprehensive VAT registration and deregistration services at affordable rates. If you would like to know more about our experienced and qualified team, talk to our client support desk now. Contact us. We offer services all over Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain.VA