VATServices

Registration is mandatory once your taxable supplies exceed AED 375,000 in the last twelve months, or are expected to in the next thirty days. Voluntary registration is available from AED 187,500 in taxable supplies or expenses. Whether it applies to you depends on your turnover and the nature of your supplies, which is best confirmed with a review of your figures.

VAT registration, return filing and consultancy are quoted after reviewing your transaction volume, industry and current records, since the work involved varies from business to business. There is no fixed published fee for these services. A firm quote is given once your requirements are clear.

VAT returns must be filed within 28 days of the end of each tax period, which is usually quarterly or monthly depending on your FTA assignment. The exact due date is shown on your VAT return in the FTA portal. Missing this deadline triggers penalties regardless of turnover size.

The FTA applies fixed and percentage based penalties for late filing and late payment, set out in its penalty schedule. The exact amount depends on the delay and whether it is a first or repeat offence. If a penalty seems disproportionate, Vigor can prepare a reconsideration request to the FTA on your behalf.

Deregistration applies when a business stops making taxable supplies, or when its taxable supplies fall below the voluntary threshold and it no longer wishes to remain registered. The application must be submitted within the timeframe set by the FTA once the trigger event occurs, otherwise penalties can apply.

You will typically need your trade licence, passport and Emirates ID of the owners or partners, memorandum of association, bank account details and evidence of turnover such as invoices or contracts. Additional documents may be requested depending on your business activity and legal structure.