Discover complete VAT registration services by BMS Auditing in the UAE. Our expert team simplifies the VAT registration process for mandatory and voluntary compliance. From document submission to VAT return filing, we ensure your business meets all regulatory requirements efficiently. Contact us today to streamline your VAT compliance and support your business objectives!
BMS Auditing is the largest business consultancy in the UAE, mainly dealing with VAT registration services. Our dedicated VAT compliance team is committed to innovative support on best-in-class practices to make your business the most cost-effective.
When Should I Register for VAT?
The conditions for VAT registration differ from country to country, and special case requirements need to be considered. For instance, the Federal Tax Authority of the UAE mandates that all companies or individual entities with a yearly turnover higher than AED 3,75,000 register for VAT. Voluntary registration will be allowed in cases where the turnover falls between AED 1,87,500 and AED 3,75,000.
How to Register for VAT in the UAE
Registering for VAT in the UAE is not a difficult task. For one to register for VAT, he would require the following:
- A copy of the business license
- A copy of the company's Memorandum of Association
- Copies of the Emirates ID of the owner and partners
- Information on the business and its bank account
- Income statement for the last 12 months
- Copies of the passports of the company owner and partners
- Information about the business structure and the action plan
Our VAT Registration Services
- VAT Registration: Our services apply to both voluntary and mandatory VAT registration procedures.
- Filling up all registration forms: Our experts will meticulously fill up all the mandatory registration forms on your behalf.
- Submission of all documents: We handle the submission of all documents to the concerned tax authorities to quickly and efficiently wade through the registration process.
- Threshold checking: We keep a tab on your turnover so that you fall within the VAT registration threshold
- De-registration Assistance: In case you need to be deregistered, we'll help you through the process.
- Submission of VAT Returns: Our firm assists in preparing and timely submissions of VAT returns to help one stay prompt.
- Localized Compliance Advising: Available are regional or localized VAT compliance.
- VAT Regulation Alerts: Enjoy frequent alerts for VAT laws and regulations changes.
- More VAT Services: Assistance on VAT reviews, VAT queries, reclaim claims, and audits.
- Transaction Reconciliation: Automated checks and reconciliations for VAT return filing with accuracy.
- Lifecycle Management: Support must be given 360 degrees throughout the lifecycle of VAT compliance.
Types of VAT Registration Services
- Mandatory VAT Registration: Businesses are mandatorily registered when their turnover amounts to AED 375,000 or more in each calendar year.
- Voluntary Registration: A business can exercise voluntary registration if its annual turnover exceeds AED 187,500 but remains under AED 375,000.
BMS Auditing provides a full range of auditing and accounting services, including feasibility studies, AML compliance, UBO declarations, IT audits, statutory audits, due diligence audits, accounting services, CFO services, and business valuations.
Contact us today about how we can support your business objectives. BMS Auditing is a guide to your business, helping you navigate the complexities of VAT compliance efficiently and effectively.
