Are you interested in obtaining an e-commerce license in the UAE or any other type of license? Would you like to learn more about business setup in Dubai? While there are numerous metrics to address, one of the most important revolves around specific tax obligations.
The main issue involves the fact that many start-up firms might not be entirely certain of their VAT requirements. Furthermore, we need to recall that the rules will change from time to time. As recently shared by the FTA, where you aware that social media influencers are now subject to VAT? This is only one example of why it is always better to work with professionals.
The experts at FreeZoneMarket will supply a range of solutions at competitive prices. We are also more than capable of providing advice in regards to specific zones such as the DWTC, the RAKICC and the Shams Free Zone. The bottom line is that while a tax agent is not always mandatory, our professionals can help your firm rise to the
Don’t wait more and contact the FreeZoneMarket team to get more information about VAT requirements in the UAE. We will provide you with the latest advice in order to ensure that your business remains one step ahead of current UAE tax laws.
When do I register?
A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.
Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.
Similarly, a business may register voluntarily if their expenses exceed the voluntary registration threshold. This latter opportunity to register voluntarily is designed to enable start-up businesses with no turnover to register for VAT.
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Appointing a Tax Agent for your Company is not mandatory. But if your company is liable to VAT, we suggest you to appoint a Tax Agent. VAT can be complicated and a late registration/de-registration, incorrect returns, etc. can be a source of significant fines!
Get a free voucher of AED 750 to use towards your Tax Agent fees if your company is set-up and/or renewed by us!
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