VAT registration with the Federal Tax Authority is free. Businesses applying directly through EmaraTax can submit their application without paying a government registration fee. The
A business can apply for VAT registration in Dubai online through the Federal Tax Authority’s EmaraTax platform. The registration process includes several steps such as
Mainland limited liability companies and joint stock companies governed by the UAE Commercial Companies Law must have their accounts audited annually. Free zone businesses must
During a VAT audit, the FTA reviews the records behind a business’s sales, purchases, expenses, invoices, and VAT returns. The Federal Tax Authority (FTA) can
Financial Records are of immense importance, especially for businesses because they are imperative evidence of all the cashflows and transactions. For a business operating in
VAT filing in Dubai can be very hectic especially if business lack professional support. A Dubai business may have hundreds of sales invoices, supplier bills,
For a VAT-registered business in the UAE, VAT return filing is a regular compliance task. The return itself may take a short time to submit
The UAE tax system has changed considerably in less than a decade. VAT was introduced in 2018. Corporate Tax followed in 2023. Now electronic invoicing,
AED 375,000. By now, this number is familiar to almost every business owner in the UAE. It is the mandatory VAT registration threshold that tells
Many businesses assume VAT registration becomes obligation when they cross AED 375,000. The Federal Tax Authority expects them to prepare much earlier. One of the
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