A business should register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of 375,000 AED. A business can also choose to register for VAT voluntarily under two conditions:

If the supplies and imports of the business are less than the mandatory registration threshold but greater than the voluntary registration threshold of AED 187,500.

If expenses of the business exceed the voluntary registration threshold. This opportunity is designed to enable start-up businesses with no turnover to register for VAT.

For any assistance and further information on VAT Consultants Service in UAE, please feel free to contact us!

 

#Accounting services in Sharjah    #Accounting services in Ajman 

 

Leave a Reply

Your email address will not be published. Required fields are marked *