Criteria for registering for VAT
Criteria for registering for VAT:
A business must register for VAT if its taxable supplies and imports exceeds AED 375,000 per annum.It is optional for businesses whose supplies and imports exceed AED 187,500 per annum.
A business house pays the government the tax that it collects from the customers, but at the same time it receives a refund from the government on tax that it has paid to its suppliers.
Foreign businesses may also recover the VAT they incur when visiting the UAE.
Read more on VAT:
- Mandatory and voluntary registration of VAT
- Federal Decree-Law No. 8 of 2017 on Value Added Tax
- Quick references to help you on VAT application
Please call us if you have any questions about our firm or the range of accounting, financial and consulting services we provide.
Tel: + 971 4 3247800, Mob: +971502501928 , +971567557411
email: info@idsvat.comTel: + 971 4 3247800, Mob: +971502501928 , +971567557411