Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on January 1st, 2018 as part of a comprehensive tax system. VAT is a tax levied on the value added to goods and services during the production and distribution process. Businesses operating in the UAE with an annual revenue of more than AED 375,000 are required to register for VAT and charge VAT on the goods and services they supply.
In this complete guide to VAT registration in the UAE, we will cover the following topics:
- Documents required for VAT registration in the UAE
- TRN verification by company name
- VAT invoice format in the UAE
- VAT certificate
- How a VAT consultant can help
- BSD Prime Services Dubai: a trusted VAT consultancy
Documents required for VAT registration in the UAE
To register for VAT in the UAE, businesses must provide the following documents:
- A valid commercial license
- A copy of the passport of the business owner(s)
- A copy of the Emirates ID of the business owner(s)
- A certificate of incorporation
- A trade name registration certificate
- Details of the company’s business activities
- Proof of address of the business
- Bank account details
TRN verification by company name
The Tax Registration Number (TRN) is a unique identification number issued by the Federal Tax Authority (FTA) to businesses registered for VAT in the UAE. The TRN is used to verify the VAT status of a business, as well as to track VAT payments and submissions.
To verify the TRN of a company in the UAE, the following steps can be followed:
- Visit the Federal Tax Authority (FTA) website
- Click on the “TRN Verification” tab
- Enter the company name
- Click on “Search”
VAT invoice format in the UAE
A VAT invoice is a document that businesses must issue to their customers when selling goods or services subject to VAT. The invoice must contain the following information:
- The VAT registration number of the business
- The name, address, and TRN of the business
- The date of the transaction
- A description of the goods or services supplied
- The VAT amount charged
- The total amount charged including VAT
VAT certificate
A VAT certificate is a document that confirms a business’s VAT registration status and TRN. The VAT certificate can be used to verify the VAT status of a business with the Federal Tax Authority (FTA).
How a VAT consultant can help
VAT can be complex and difficult to navigate, especially for businesses that are new to the UAE or are unfamiliar with the VAT system. A VAT consultant can help businesses in the following ways:
- Registering for VAT
- Ensuring compliance with VAT laws and regulations
- Preparing and submitting VAT returns
- Resolving any VAT-related disputes
- Providing expert advice on VAT-related matters
BSD Prime Services Dubai: a trusted VAT consultancy
BSD Prime Services Dubai is a trusted VAT consultancy that provides a range of VAT-related services to businesses in the UAE. With a team of experienced VAT professionals, BSD Prime Services Dubai can help businesses navigate the VAT system with ease and ensure compliance with VAT laws and regulations. Whether it is registering for VAT, preparing and submitting VAT returns, or resolving VAT-related disputes, BSD Prime Services Dubai has the expertise to provide businesses with the support they need.
the UAE with an annual revenue of more than AED 375,000 are required to register for VAT and charge VAT on the goods and services they supply. To register for VAT, businesses must provide the Federal Tax Authority with a range of documents, including a valid commercial license, a copy of the passport and Emirates ID of the business owner(s), and proof of address. The TRN of a business can be verified by visiting the FTA website and entering the company name. A VAT invoice must contain specific information, including the VAT registration number, date of the transaction, and VAT amount charged. A VAT consultant can help businesses navigate the VAT system, ensure compliance with VAT laws and regulations, and provide expert advice on VAT-related matters. BSD Prime Services Dubai is a trusted VAT consultancy that provides a range of VAT-related services to businesses in the UAE.
In conclusion, VAT registration in the UAE is a crucial process for businesses operating in the country. By following the guidelines outlined in this guide and seeking the assistance of a trusted VAT consultant, businesses can ensure compliance with VAT laws and regulations and make the most of the opportunities available in the UAE.