VAT REGISTRATION SERVICE
VAT Registration Service
In general, countries that have a VAT system require some businesses to be registered for VAT purposes.
VAT registered businesses can be natural persons or legal entities, but countries have different thresholds or regulations specifying at which turnover levels registration becomes compulsory.
Businesses that are VAT registered are obliged to include VAT on goods and services that they supply to others (with some exceptions, which vary by country) and account for the VAT to the taxing authority.
VAT-registered businesses are entitled to a VAT deduction for the VAT they pay on the goods and services they acquire from other VAT-registered businesses.
| Businesses having taxable supplies and imports above AED 375,000 | Mandated to apply for VAT registration |
| Businesses having taxable supplies and imports between AED 187,500 and 375,000 | Can voluntarily apply for VAT registration |
| Businesses having taxable supplies and imports less than AED 187,500 | Not required to apply for VAT registration |
What is VAT Certificate?
VAT Certificate is a document that serves as an official confirmation that a business entity is registered under the VAT law for the purpose of tax collection at every step of product development.
This certificate is the final step after the VAT registration process, and is issued by the Ministry of Finance and has got a unique number for different business entities registered.
VAT certification certificate UAE is a proof of business entities being registered under the UAE Tax Law and assures that the business entity is known by the Government of Emirates.
Penalty for Non-Registration under VAT
Any company that misses the VAT Registration Number cutoff date or fails to complete the VAT registration process under the deadline set by the Federal Tax Authority must undergo a fine of AED 20,000.
VAT Group Registration
VAT Group Registration is a tax registration process where two or more business parties club together to form a group, with a motive of paying a single tax.
By registering under the Group VAT scheme, the businesses under consideration get a single VAT number and can file a single return. A VAT group allows people and entities that are closely linked financially, economically and organizationally to operate as a single VAT person.
Value Added Tax
Our Taxation experts can perform VAT impact assessment and structure your business in the most tax-efficient manner with respect to the utilization/refund of input VAT and in accordance with federal tax authority’s requirements
We Help
All businesses will require in maintaining their books of accounts and will have to do audit for financial statement for tax purpose. We help you in managing all matters of VAT and taxation. We, at E & S Chartered Accountants, follow the professional approach in planning and executing the audit assignment.
Our Process
E & S Chartered Accountants has a team of tax specialists who can help your business structure in-house recording and filing processes to ensure that your company does not incur any penalties from improper compliance. We will help you identify the potential financial challenges you might face in the implementation of VAT. We can also assign you a dedicated VAT consultant to update you on the latest developments regarding the legislation.
Evaluate & Plan
Business Impact Assessment, review of key documents like existing contracts and incorporation of VAT clauses in the existing and new contracts and related documents.
Design Develop & Train
Advise, develop and assist in restructuring transactions, supply chain and other related processes, Advise and support for requisite changes in the IT systems and applications.
Implementation & Compliance
Assist in VAT registrations and the preparation and filing of VAT returns. Align compliance practices with VAT requisites.