GUIDE LINES to register under VAT

1. Determine whether the business is liable to register under
VAT?

2. Calculate the taxable supplies of previous 12 months and
check if the same exceeds 375000 AED or $ 100,000 or anticipates that the supplies would exceed the limit in next 30 days then the same would fall under mandatory registration.

3. Calculate the taxable supplies of previous 12 months and
check if the same exceeds 187500 AED or $ 50,000 or anticipates that the supplies would exceed the limit in next 30 days then the same would fall under voluntary registration.

4. Way to calculate the supplies: Calculate the previous 12
months – if you are calculating it on nov 2017 you have to
take into account the 12 months from nov 2016 to oct 2017
that is the exact previous 12 months.

5. If the Business is eligible for the VAT then we shall look
into the registration process of VAT.

Leave a Reply

Your email address will not be published. Required fields are marked *