Things to remember about VAT registration

The Federal Decree Law No.8 of 2017 on VAT (Value Added Tax) stated by the Ministry of Finance summaries the possibilities of taxes within the country. According to the Federal Tax Authority, there are various conditions for the value-added tax (VAT) registration. FTA is the supportive organization of the business to be in compliance with the law, they have also ensured that there individuals (Tax Agents) who can help them with their concerns regarding the taxes and tax system. Refresher on VAT registration in UAE The UAE has implemented the tax system with Excise Tax first October 2017, followed by VAT (Value Added Tax) on 1 January 2018. Things You Should Know About VAT Registration in UAE          Businesses are not required to register if their supplies are Less than Dh375,000 Things to remember about VAT registration Business must register for VAT if their goods and supplies exceed Dh375,000 over previous 1 year,...