Who is Taxable?

A business must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000.

Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.

The standard Tax Period shall be a period of three calendar months ending on the date that the FTA determines.

  • The FTA may, at its discretion, assign a different Tax Period other than the standard one, to a certain group of Taxable Persons. (Source FTA)
  • A Tax Return must be received by the FTA no later than the 28th day following the end of the Tax Period concerned or by such other date as directed by the FTA. Where a payment is due to the FTA, it must be received by the FTA by the same deadline. (Source FTA)

 

A Taxable person needs to submit VAT return in UAE in accordance with the form, specified by the Federal Tax Authority (FTA). (Federal Law No. (7) of 2017 on Tax Procedures)