Registering your business under UAEs VAT law means your business is recognized by the government. After registering for VAT your tax will be based on the income generated from your business. United Business Formations is a leading consultancy with the best VAT Registration Services in UAE that provides outstanding services.
Registering VAT online in Dubai
It is mandatory to register for VAT under the law that came in January 2018. If you are a business owner, then it is important to register for VAT. once you file for VAT you must file the VAT returns regularly. Companies and individuals doing business in the UAE are required to register for VAT if their annual turnover exceeds AED 375,000. The VAT registration process involves,
Documents required for VAT registration
Penalty for non-registration of VAT
According to the government, those who fail to finish the registration process in the given time will have to pay a fine. The deadline is set by the Federal Tax Authority. If the company fails to pay then they have to pay a fine of AED 20,000. To know more contact United Business Formations, the best VAT Registration Services in UAE.
Why VAT registration is important?
VAT will bring long benefits to the country’s economy and business owners. A few of the significant reasons why VAT registration in Dubai is important are the following,
United Business Formations will help you in dealing with all VAT registration services. If you are having any queries regarding VAT registration contact us for the best advice and service.