A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily where the total value of its taxable supplies and imports (or taxable expenses) is in excess of the voluntary registration threshold of AED 187,500.
The following activities are permissible for registered businesses:
Charge VAT on the taxable supply of goods and services
Claim Input Tax Credit on VAT paid on their purchases
Payment of VAT to the government
Filing of VAT return as per VAT Law Dubai
Before setting up an e-service account, it is advisable to compile the data that will be needed for the VAT registration process in Abu Dhabi, United Arab Emirates. The business’s specifics, contact and financial information, commercial partnerships, and declarations are of the utmost importance.
