What Documents Are Required For VAT Registration in Dubai?

Posted by Amelia on December 21st, 2022

Head to a store and purchase anything. Once you do that, you can check the receipt, which will have an additional price called the VAT. What’s VAT? VAT is a value-added tax and it’s levied on customers/consumers. 

If you are running a small or large business, it’s your duty to obey the tax laws and also contribute towards the welfare of society. Now, in UAE, specifically Dubai, VAT ensures that your business is recognized by the UAE government. 

Thankfully there are VAT registration services in Dubai that can help you with the procedure. It’s easy to get accounting service in Dubai among other financial services. While you can hand over the job to a professional, let’s shed light on what VAT registration is and how one can go about it in Dubai. 

VAT Registration in The Mighty City Dubai 

Dubai is quite business-friendly, and it attracts a lot of tourists and business traveller attention. The tax laws are effective, transparent, and also cost-efficient. 

VAT registration in Dubai can happen online. There is an online form that needs to be filled out. Once the company gets registered, you will get a VAT certificate which confirms that you are socially responsible. 

What Documents Are Required For VAT Registration? 

You need certain documents for VAT registration. These will be needed when you or the service provider fills out the online form: 

● Passport of the business owner and his/her partners 
● Trade licence copy 
● Emirates ID copy 
● Company’s article 
● Contact details of the company 
● Bank account details 
● Income statement to showcase the transactions made in the last 12 months 
● Nature of business 

Why Is VAT Registration Important in Dubai? 

VAT Registration is important in Dubai because it showcases that your company is socially responsible. It enhances the company’s profile as well.

Customers usually choose a firm that is registered for VAT than a firm that does not have a VAT certificate.  

Tax evasion can also be considered a crime, so save yourself from expensive penalties.

Who can register for VAT in Dubai? 

If your business imports are over and above 375,000 AED, it is best you register for VAT. Do not ignore it because it can land you in different kinds of issues. If the imports are less than that number, you do not have to register for VAT. But you can still volunteer and register for VAT even if the imports are not 375,000 AED. 

Connect with a VAT registration company in Dubai - they will help you with the procedure.