Basic Accounting Process and System

What is Eligibility Criteria for VAT Registration in Dubai?

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      Parsh Accounting and Bookkeeping Service
      Guest

      VAT in UAE Value-added tax is imposing charges on the transaction of goods and services. Value Added Tax is applied at each stage of the existing supply chain. The companies collect tax and account for it on the behalf of the government of the Federal Tax Authority.

      There are three categories under VAT.
      5% Value added Tax
      Zero Rated Supplies
      Exempt Supplies

      There are some eligibility criteria to register for VAT in UAE, and they are as follows:
      If the value of taxable supplies and imports exceeds AED 375,000, the business is required to register for VAT.
      If taxable supplies are from AED 187500 to AED 375000, then a business can go through for voluntary VAT registration.
      To know more about the limits or not sure about whether to register for VAT, you can look for the advice of the Best VAT Consultant in UAE.

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