One of the biggest overhauls in the UAE’s tax laws in recent times, Value Added Tax (VAT) will be implemented across the country from the 1st of January, 2018, at a standard rate of 5%. The Federal Tax Authority of the United Arab Emirates has opened its official VAT registration portal, allowing eligible businesses to register for VAT starting 1st of October, 2017.

Businesses in the UAE must register for VAT if the value of their annual supplies exceeds the mandatory registration threshold of AED 375,000. Businesses can also register for VAT voluntarily if their annual supplies are less than the mandatory registration threshold but more than the voluntary registration threshold of AED 187,500.

WWFL has experienced UAE tax partners on hand to offer professional advice and services to companies and entrepreneurs to help them understand the new taxation system, its compliance and exemptions, and to guide them through completing their registration.

DOCUMENTATION FOR VAT REGISTRATION

Depending on the profile and legal status of the entity in the UAE, a specific list of documents and information is required for VAT Registration:

  • Trade License(s)
  • 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
  • Passports and Emirates IDs of the managers, owners and senior management

WHAT WE OFFER

  • Personalized VAT implementation for your company
  • Guidance in understanding VAT and its implications on the enterprise
  • Support with procedural formalities for VAT registration
  • Advice on updated compliance requirements and exemptions under VAT
  • Necessary guidelines for accounting and invoicing under VAT
  • Support for preparing and filing first VAT return

Set up your company today!

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Office 611 & Lobby Level

The Fairmont Dubai,

Sheikh Zayed Road

PO 33964 Dubai