VAT Registration in UAE: Everything You Need to Know

Online VAT Registration Button on Keyboard

Value Added Tax (VAT) is an indirect tax that is imposed on goods and services at each stage of production or distribution. The United Arab Emirates (UAE) introduced VAT on January 1, 2018, with a standard rate of 5%. VAT registration is mandatory for businesses that meet certain criteria. In this article, we’ll take a closer look at VAT registration in UAE, who needs to register, and the process involved.

Understanding Corporate Tax in the United Arab Emirates (UAE)

Discover the significant changes in the UAE’s tax landscape with the introduction of the new Corporate Tax system. This blog post delves into the details of the new tax regime, its applicability, tax rates, exemptions, and the impact on Free Trade Zones and Transfer Pricing Rules. Get a comprehensive understanding of how these changes align the UAE’s tax system with international standards and what it means for businesses operating in the UAE. Stay ahead of the curve by preparing for these changes today.

Ultimate Beneficial Owner Regulations Explained

Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 28 August 2020 and replaced Cabinet Resolution No. 34 of 2020 issued earlier this year. The Resolution introduced new requirements for entities to disclose their beneficial owners. The purpose of the regulations is to enhance the transparency of entities registered in the UAE, as well as to combat terrorism financing and targeting the real persons behind money laundering.