If the annual turnover of a business is more than AED 375,000 then they must apply for VAT Registration in UAE. SAB offers VAT Registration Services in UAE" />According to the FTA, Almost 260,000 companies have been registered and those companies who are still not registered and does not have Tax Registration Number (TRN) cannot make tax Invoice and cannot collect VAT. The extension in the deadline of the VAT Registration will be relaxation for the businesses and the major beneficiaries of this decision will be SME companies.
FTA also communicated that those businesses which are registered for VAT to submit their tax returns and pay their due taxes on the given schedule. The decision was to urge businesses to do the VAT registration as soon as possible.
SAB are registered Tax Agents by FTA and approved audit firm in Dubai by ‘Ministry of Economy’. SAB is also offering other financial services such as: