VAT Snapshot – 2018 (VAT in UAE)
Value Added Tax in Dubai – UAE Snapshot
VAT Registration Dates | VAT in UAE
VAT Registration Opened | 1st October 2017
- Registration Deadline 31 October 2017 : Companies/ business having an Annual Turnover of more than AED 150 million
- Registration Deadline 30 November 2017 : Companies/ business having an Annual Turnover of more than AED 10 million
- Registration Deadline 04 December 2017 : All other companies/ organizations who exceed the minimum threshold which is AED375,000.
Record Maintenance
- Proper books of accounts and financial records (invoices, vouchers, bills, agreements)
- Books of accounts to be maintained for 5 years
- VAT related record, Invoices, Bills should be maintained with serial numbers
VAT Percentage
- Standard Rated – 5%
- Zero Rated 0%
VAT Registration
- Mandatory Registration – Annual Turnover of more than AED375,000
- Optional Registration – Annual Turnover 187,500 to 375,000
- Registration Not Required – Annual Turnover below AED 187,500
