Business Setup & Formation
VAT registration
Value Added Tax (VAT) ek tax hai jo cheezon aur services ke istemaal par lagta hai, aur har business stage par charge hota rehta hai. VAT ko ek indirect tax mana jata hai aur ye 180 se zyada mulkon mein apply hota hai. Aakhir mein iska kharcha consumer hi pay karta hai. Businesses iska hisaab jama karte hain aur government ko report karte hain. UAE mein VAT 1 January 2018 ko introduce hua aur iska standard rate 5% hai. Jis business ki saalana income AED 375,000 ya us se zyada ho, unko VAT registration online 30 din ke andar complete karni hoti hai jab woh threshold cross kar lein.
Types of VAT Registration :
Mandatory Registration :- The businesses are required to register for
VAT if : –
1. The taxable supplies in the previous 12 months exceed AED 375,000.
2. The taxable supplies are expected to exceed AED 375,000 in the upcoming 30 days.
Voluntary Registration :- A business that does not meet the mandatory threshold may opt for voluntary registration if : –
1. Taxable supplies or taxable expenses in the previous 12 months exceed AED 187,500.
2. Taxable supplies or taxable expenses are expected to exceed AED 187,500 in the next 30 days.
Required Documents for VAT Enrollment