Tax Grouping & VAT Registration
As a FTA Approved Tax Agency, our experienced team has helped scores of companies successfully register and deregister their Tax Registration Numbers
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Successfully Tax Registering or de-registering required thorough preparation of documentation and justification.
Failure to provide an accurate and complete VAT Registration for your TRN can lead to delays and possible administrative penalties.
Speak to one of our Tax Advisors to help you complete the VAT Registration requirements and experience a stress free process.
*Initial Consultation is FREE
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What Sets Our Service Apart
Approved FTA Tax Agency
Experienced Advisors
Knowledge of FTA Processes
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How We Deliver
Assess
We check your situation and assess the eligibility to the Legislation
Document
Our consultants prepare a complete set of documentation for submission.
Manage
If there are any clarifications, we take care of resolving these with the FTA.
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Economic Substance Regulation UAE Guidance Issued
As of 30th April 2019, The UAE Cabinet introduced economic substance (“ES”) rules. Further guidance (Ministerial Decision No 215 For The Year 2019 On The Issuance Of Directives For The Implementation Provisions For The Cabinet Decision No (31) of 2019 Concerning Economic Substance Requirements) was released on 11 September which provides further elaboration on the requirements for any entity that meets the definition for a relevant activity.
FAQ's
When do you need to register?
You must register if your taxable supplies will exceed AED375,00 in the previous 11 months and next 30 days. Alternatively you can register on voluntary basis if taxable supplies or purchases will exceed AED187,500
What is required to register successfully?
The FTA will require complete and thorough documentation for your business and supplies as evidence to grant a TRN. We normally conduct a detailed review to prepare a submission.
What are the possible penalties?
Failure to register on time incurs AED20,000. You may also incur late filing and interest penalties for late payment of taxed due. Failure to de-register on time incurs a AED10,000 fine
What activities are not subject to VAT?
There are several scenarios that can be considered out of scope. This requires a considered review of your supplies made, transaction and supporting documents. Our team would assess this and provide guidance as a client.
How does VAT affect FreeZones?
Yes. Free Zones are affected by the Executive Regulations. They are subject to special provisions for goods compared to mainland entities.
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Whether you have an existing finance, Tax, HR, and IT function operating its own system and process or a small company needing a complete outsource services, we have the flexibility to serve your business.