Since January 01, 2018,VAT in UAE has been introduced as an indirect tax on goods and services consumption. Unicorn Global Solutions offers streamlined VAT registration services in the UAE.
A business is obligated to register for VAT if its taxable supplies and imports surpass the mandatory threshold of AED 375,000. Additionally, voluntary registration is an option if taxable supplies and imports exceed AED 187,500.
Documents to Register for VAT in UAE
To Register for VAT in UAE, these are the required documents:
1. Valid Trade License Copy
2. Passport Copy of License Owners/Partners
3. Emirates ID Copy of License Owners/Partners
4. Memorandum of Association (not necessary for sole establishments)
5. Complete Company Contact Details (including address and P.O. Box)
6. Contact Information of Responsible Person (Mobile Number and Email)
7. Bank Details (Account Number, Account Name, Bank Name, Branch Name, IBAN)
8. Turnover Declaration for the Past 12 Months (signed, stamped, and on company letterhead)
9. Proof of Export-Import Activities
10. VAT Registration Letter if Dealing with Customs Department.
Once the documents are submitted online for VAT registration, the Federal Tax Authority (FTA) will issue the Tax Registration Number (TRN) within 2-3 working weeks.
VAT Registration in Dubai
In the UAE, VAT will be applied at each stage of the supply chain, with a tax rate of 5 percent. End-users typically bear the VAT cost, while businesses collect the tax on behalf of the government. Non-VAT businesses can claim refunds from the government, a service provided by us for simple and easy processing.
How to register for Tax Registration Number (TRN) in UAE?
To register for a Tax Registration Number (TRN) in the UAE, you need to submit specific official documents. Before applying, ensure all necessary paperwork is complete. Businesses receive their TRN in the form of a VAT certificate, obtained through official documentation.
To obtain the VAT certificate, log in to Emaratax using your FTA account or Emirate UAE ID pass, and complete the VAT registration process with the required documents. Once approved by the FTA, you will receive your VAT Certificate.
Here’s how to download your UAE VAT Certificate in Emara tax:
Each VAT certificate contains a unique identification number, crucial for all VAT-related activities in the UAE.
Documents Required for VAT Group Registration in UAE
Businesses in UAE can also apply for Tax Group Registration. Multiple businesses of a different nature can also create a tax group. As per Federal Tax Authority (FTA), if an individual has more than 50% shares in more than one companies then he can form a tax group of all the companies and FTA will issue a single TRN for the whole group of companies.
VAT Registration Services in UAE
Unicorn Global Solutions boasts a team of proficient VAT experts ready to assist your business in navigating potential challenges like understanding VAT regulations, compliance issues, and accounting system requirements. For top-notch VAT registration and accounting services in the UAE, Text us on WhatsApp or call us today.
