vat consultancy in dubai

Value added tax (VAT) may be a sort of indirect tax that’s to be paid by the residents. It’s the tax that’s charged on each stage of the assembly until the final stage. The VAT is to be enforced in UAE from January 2018 and every one business that fulfills the specified criteria should register for VAT. The quantity of VAT is collected by the government with the assistance of the documents which will be maintained by the businesses. However, not every business has to be registered with VAT.

Requirements for VAT Registration

These are divided into three types,

  1. For businessmen registering as an authority
  2. For a businessman applying for a VAT certificate as an individual
  3. The requirements for a Dubai-based business registering for VAT
  4. for businessmen registering as an authority
  • Application letter with authorized signatory
  • Act of incorporation copy
  • Decree copy
  1. for a businessman applying as an individual
  • Applicant’s resident permit
  • Applicant’s request letter with signature
  • Applicant’s passport copy
  1. Dubai-based business registering for VAT
  • Trading license copy
  • application letter signed by the company’s authorities

After the registration of VAT, you would like to properly mention the amount of VAT you have got charged for the production of goods or the quantity that the business has paid to the govt. All the reported documents should be submitted through a proper procedure and may be submitted on-line. Moreover, if any business has charged over the amount of VAT you have paid, you would like to pay the distinction to the govt. Same like this, if you have paid a lot of amount of VAT than you have got charged, claim it back from the government.