Online Registration Portal for Excise Tax & VAT in UAE
The Federal Tax Authority has now introduced an official Tax Website. The website enables you to know all about VAT in the UAE and through this portal, eligible businesses can register for VAT in the UAE. The same website provides an option to register for Excise Tax as well.
VAT is expected to be introduced with effect from 1st January 2018 at a standard rate of 5% in the UAE. Businesses must register for VAT in UAE if their value of annual supplies exceeds the mandatory registration threshold of AED 375,000/-. Businesses can also register for VAT voluntarily if their annual supplies are less than the mandatory registration threshold but more than voluntary registration threshold of AED 187,500/-. As per latest developments from the Federal Tax Authority, the VAT Registration in UAE will begin from mid of September 2017.