VAT in the UAE
Since the introduction of Value Added Tax (VAT) in 2018, compliance has become a top priority for businesses. The standard rate is 5%, which applies to most goods and services.
Registration Thresholds
Businesses with taxable supplies and imports exceeding AED 375,000 per annum must register for VAT. Voluntary registration is available for those exceeding AED 187,500.
Filing Returns
Timely filing of VAT returns is crucial to avoid hefty fines. Ensure your accounting software is up to date and compliant with FTA regulations.