VAT was introduced on 01/01/2018 at a rate of 5% on all goods and services sold in the UAE.
All companies in the UAE whose turnover in the last 12 months exceeds or is expected to exceed the amount of AED 375,000 must register for VAT within 20 days. The VAT registration thresholds are as follows:
- Mandatory VAT registration threshold = Over AED 375,000;
- Voluntary VAT registration threshold = Between AED 187,500 and AED 375,000.
Companies operating outside the UAE can apply for VAT exemption only under certain conditions.
Our accounting firm offers the following services:
- VAT Registration
- VAT De-registration
- Quarterly Return
