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Tax Registration & De-registration

VAT Registration

Time matters!!

 

As per article no 13 of VAT decree law no 8 of 2017 and article no 7 of cabinet decision no 52 of 2017 on executive regulations, eligible taxable persons (natural or legal) must file a tax registration application with the Federal Tax Authority “FTA” within 30 days of reaching the mandatory registration threshold.

 

The mandatory registration is required when the total supplies made by the taxable person during the previous 12 months reaches AED 375,000, while voluntary registration threshold is AED 187,500.

Documents required for VAT registration:

The following documents are required to complete the VAT registration form:

  1. Valid Entity trade license
  2. Valid Emirates ID and Passport page of the manager
  3. Copy of memorandum of association or proof of authorization for the representative person.
  4. Signed and stamped declaration letter showing the monthly turnover of the entity.
  5. Email ID and mobile number
  6. Bank account details
  7. Sample of sales invoices issued, or taxable expenses incurred.

VAT De-Registration

A tax registrant must apply to the FTA within 20 business days for tax deregistration in any of the following cases:

  • If the taxable person stops making taxable supplies
  • If the value of taxable supplies made over a period of 12 consecutive months is less than AED 187,500 and the taxable person does not expect to reach the voluntary threshold within the coming 30 days
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Abuhashima Mahdy Tax Com.

Abuhashima Mahdy

3 hours ago...

Hi!
How can i help you :)

11:01 PM | October 11