VAT Registration and Filing in UAE
Most entrepreneurs and businessmen just love the tax environment of the UAE. VAT was rolled out in 2018 at a flat rate of 5%. You must first register if your company is obligated to pay VAT.
VAT registration UAE
Not all firms in the UAE are required to register for VAT. If your taxable imports and supplies in the UAE total more than AED 375,000, you must register for VAT. If your taxable imports and supply total more than AED 187,500, you may also register to pay VAT voluntarily.
Simply put, VAT is money that a company collects from its clients and gives to the government. A VAT-registered firm can demand a refund from the government for any VAT it has paid to its suppliers.
Why is hiring the expert team of IMAS a good idea?
- Superior expertise and sufficient experience
- Reduced risk and fast registration procedures
If the company misses the due date of VAT registration, it could lead to a heavy fine. So, take help from the professional team of IMAS and avoid risks.
