Navigating through the various tax regulations can be tricky for businesses. In Dubai, the Value Added Tax (VAT) is one such regulation that businesses often find complex. As a premier consultancy, 28Group can guide you to expertly register for VAT in Dubai and help smoothen your financial processes.
To start, VAT registration is mandatory in Dubai for businesses with taxable supplies exceeding AED 375,000 in the last 12 months. If your sales don’t reach this threshold but are expected to exceed AED 187,500 in the next 30 days, you should also register for VAT. 28Group can help you make sense of these regulations, ensuring that your business complies with UAE tax laws.
Once determined that your business needs to register for VAT, 28Group will guide you through the online process. First, you'll need to create an e-Services account on the Federal Tax Authority's (FTA) website. Once your account is set up, you can log in and fill out the VAT registration form. This process requires precise information regarding your business, such as its legal name, business activities, annual income, and bank account details. As a critical detail, please make sure to classify your business commodities correctly, as different goods and services are taxed differently.
Lastly, while registering for VAT in Dubai, it's crucial to note that keeping track of your taxable supplies will enable smooth operations during the VAT return period. As part of our services at 28Group, we offer continuous support as you navigate the VAT landscape, helping you to prepare your VAT returns accurately and promptly.
With 28Group by your side, rest assured that we will demystify the process, enabling you to register for VAT in Dubai with confidence. Leverage our expert guidance today to ensure your business is fully compliant, sustainable, and ready for prosperity in this dynamic city.