UAE Vat Registration

  If you are a business owner in UAE, you need to get your business  Dubai vat registration  law that has come into effect from 1st January 2018. Once a company is registered for VAT in Dubai, it must file VAT returns regularly or set by the authority.   VAT Registration  is mandatory for companies and individuals doing business in the UAE if the annual turnover is more than AED 375,000/-.   The VAT registration processes in Dubai involve: Register for VAT Charge VAT on the invoices issued to the clienteles Announce the VAT to the Federal tax authorities through a VAT filing Documents Required for  VAT Registration  in Dubai Passport copy or Emirates ID to prove the identity of the authorized party Trade license copy of the company Certificate of Incorporation of the company Certificate of Articles of Association of the company Certificate of Power of Attorney of the company Description of business activities Turnover for the last 12 months in AED Supporting document f

  The penalty for vat registration dubai are getting less harsh, but there is still a frightening variety of VAT enforcement authorities that may catch naïve registered firms off guard and throw them into bankruptcy. It's possible to prevent being an unknowing victim by being aware of all the potential issues and by making a well-thought-out strategy. Tax Returns for VAT-Registered Companies VAT-registered enterprises in the United Arab Emirates face the following breaches and penalties: Whenever a corporation or its legal agent fails to file a VAT return by a deadline set by the FTA, a penalty will be assessed to that person. The first violation carries a fine of AED 1,000, whereas a second infraction within twenty-four months of the first carries a fine of AED 2,000. A penalty of AED 1,000 will be assessed for the first violation, and AED 2,000 for a repeat offence in the next twenty-four months after the first offence, for failing to file a VAT return on time. Those who f