VAT Registration
VAT Registration Services in UAE are demanded by the businesses who need Tax Registration Number (TRN). To get the TRN, businesses must apply for the online VAT registration process. The online VAT registration process can be started by visiting the online FTA portal.
At Navneet Accounting & Book Keeping LLC we are providing the best VAT registration services in UAE. We will help you in analysing your turnover that whether you should register for VAT or still have to wait. We will help you apply for online VAT registration and get the Tax Registration Number (TRN) for your company along with your company’s VAT certificate issued by the FTA.
Types of VAT Registration Services
There are two types of VAT registration services, companies will choose one category before applying for VAT registration and it will be based on their annual turnover. Following are the VAT registration categories:
Mandatory VAT Registration – Annual turnover is more than Dh 375K
Voluntary VAT Registration – Annual turnover is more than Dh 187,500 but less than Dh 375K
There are many factors which businesses should consider before applying for VAT registration processes like whether to apply for mandatory VAT registration or voluntary VAT registration, The other aspect is to apply for single VAT registration or a Tax group.
Mandatory VAT Registration
As per Federal Tax Authority (FTA), companies or individuals having an annual turnover of AED 375,000 or more must apply for VAT registration and must get a Tax Registration Number (TRN) to run business in UAE. They must implement VAT and must collect VAT on behalf of FTA. This is called Mandatory VAT registration in UAE.
Voluntary VAT Registration
As per Federal Tax Authority (FTA), companies or individuals having an annual turnover of more than AED 187,500 but less than AED 375,000 can voluntarily apply for VAT Registration and they get Tax Registration Number (TRN) voluntarily. It is totally up to the company if they want to register or do not want to register. In both cases, there will not be an issue. There is a certain procedure to apply for Tax Registration Number (TRN) in UAE.