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Based on the turnover of the businesses, the VAT registration deadline has been announced by the FTA. The following are the UAE VAT registration deadline:
Mandatory Registration | ||
Registration Type | Type of Business (Turnover in million) | VAT Registration Due Date |
Mandatory registration (Exceeding AED 375,000) | Businesses with a turnover exceeding AED 150M | 31st October,2017 |
Businesses with a turnover exceeding AED 10M | 30th November,2017 | |
All other businesses | 4th December,2017 | |
Voluntary registration | Business with turnover exceeding AED 187,500 | Apply for registration only when VAT laws are in force which means from 1st January, 2018 onwards |
The larger companies with a turnover above AED 150 million are invited to register first in the FTA portal. The last date of VAT registration for larger companies is already completed on 31st October, 2017, the next phase is for those businesses whose turnover is above 10 million to 150 million should apply for VAT registration by 30th November, 2017. All other businesses whose turnover is above the mandatory threshold of AED 375,000 up to 10 million, should apply for VAT registration by 4th December, 2017.
With the VAT registration deadlines around the corner, it is crucial for businesses to prepare for VAT registration. The following are the few important points which businesses may have to consider for VAT registration:
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